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AUSTIN-For four years, TIG Real Estate Services has been building relationships in Austin, where it owns a three-building industrial complex. Now, the time has come to open an office and buy, buy, buy.
DENVER-It's irreverent, says the consultant, but it's true that smart growth promotes a density mired in traffic and congestion problems. Wendell Cox had leveled his claims before 150 business leaders of the Apartment Association of Metro Denver.
BETHESDA, MD-Renovations of Shops at Sumner Place, formerly Little Falls Mall, are well underway with anchor store Safeway scheduled to open a 49,194-sf supermarket in February. Almost 70,000 sf in new leases are signed.
WASHINGTON, DC-The Carver Terrace Tenants and Civic Association-Wire Inc. and the Telesis Corp. joined forces to purchase Carver Terrace Apartments, a 33-building multifamily housing complex here. DCHFA is spear-heading the $15.35-Mil funding effort.
DENVER-It's not a glitzy power center, but the 133,000-sf Brentwood Shopping Center has caught the attention and money of a veteran real estate investor. The 1950s property brings about $9.2 million for a center with a solid customer base.
WINSTON-SALEM, NC-Negotiations are under way that would make Wake Forest University the owner of One Technology Place, the centerpiece building at Piedmont Triad University Park, according to a published article.
ORLANDO-The last audited period in November shows total occupancy of 67.8%, an increase from 67% in the comparable 1999 period. Average daily room rates are at $85.49, up 3.8% from $82.38 in November 1999, according to Tennessee-based Smith Travel Research.
SEATTLE, WA-The result of a citizen lawsuit over King County's lack of a formal procedure for interpreting codes is a new process that could clutter the Department of Development and Environmental Services.
WELLINGTON, FL-Although Panama City, FL-based M.G. Ltd. is selling the dirt at a Feb. 15 public auction, GlobeSt.com and the Palm Beach County Appraiser's Office couldn't find a recorded deed on the transaction. The land sits in the heart of the county's affluent polo country.
FT. WORTH-An AllianceTexas study puts nine years of power brokering into perspective for Ft. Worth, beneficiary of $15.4 billion from Hillwood's wheeling and dealing. The report's release coincides with city council's OK on an incentive package for Dell Computer, possibly the region's next adrenaline shot.