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PARSIPPANY, NJ-New unit will acquire and dispose of hotel properties and perform other real estate services for franchisees affiliated with the hospitality giant.
BOSTON-OfficeTempo, a locally-based company, is offering web-based procurement services to small and medium-sized companies. The service, which is currently only available in this area, provides costs savings by aggregating demand.
GRESHAM, OR-The nine-store company filed for bankruptcy in August and then closed outlets in Hillsboro and Albany. It planned to keep other locations open indefinitely, including the Gresham location, but last month said all its stores would have to close.
HOUSTON-An older property is getting a $4-million renovation to bring it in line for on-line tenants. When done, Briar Forest Crossing will be fair competition for class A and B properties in west Houston.
PORTLAND-The city's goals is to increase density in the rapidly gentrifying warehouse district without endangering existing views of the old clock tower atop historic Union Station. The council gets a first look at the proposal on Dec. 13.
PORTLAND-With the defeat of Measure 93, which mandated voters' approval to increase public fees or taxes, expansion plans for the Oregon Convention Center are moving forward, albeit with a $10 million increase in costs.
CHARLOTTE-The first draft that would refurbish about one quarter of the center city is off the drawing board. The plan has the old city hall building as its focal point and suggests opening the landmark to private enterprise. But some who have seen the plan are already objecting to the great amount of space set aside for parking spaces.
ARLINGTON, TX-Expansion plans for Tenaska Inc., based in Arlington, get a jumpstart with the signing of an 18,500-sf lease at The Offices of Brookhollow. The firm will be vacating smaller quarters in the city's Bank of America building.
WHITE PLAINS-A panel of veteran commercial real estate brokers will offer their perspectives on the Westchester and Fairfield County suburban office markets at the meeting of the Westchester County Board of Realtors' Commercial Investment Division.