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NEW YORK CITY-Retail Development Partners brings with it client Millennium Partners, a developer of mixed-use buildings. C&W plans to acquire other retail firms around the country over the next year.
LOS ANGELES-Sears Roebuck & Co. agrees to take 142,000 sf in a new 900,000-sf retail complex in Burbank for a home-improvement store. The complex will also feature 600,000 sf of office space and two hotels.
ATLANTA-Funds from operations for the third quarter were $22.5 million, or 75 cents per share, versus $23.7 million or 73 cents per share for the same quarter in 1999.
ATLANTA-Construction begins November 1 on developer Childress Klein's Galleria 600, an 18-story, 432,000-sf, $80 million spec tower in the Galleria complex at Interstate 285 and Cobb Parkway. Completion is scheduled for second quarter 2002.
OAKLAND, CA-The Port was previously in exclusive negotiations a partnership between LCOR and WDG, but the two sides were unable to agree on a deal, and now Hal Ellis is re-emerging as a prospect for the $200 million development project.
WHITE PLAINS-The recently formed moving services web site Monstermoving.com has signed a lease for approximately 45,000 sf, but there is an issue that could put some of that space back on the market.
EXCELSIOR SPRINGS, MO-The 112-year-old Elms Resort & Spa has undergone a $16-million renovation and now two nearby, vacant hotels are being marketed as possible mixed-use redevelopment plays.
SAN DIEGO-A $260-million project that could stimulate commerce on both sides of the border gets Planning Commission approval. Construction on the project is slated to begin in early 2001 and open by next fall.
ORLANDO-The Florida Department of Transportation has to make a Solomon-like decision in December on the route of a 200-mile fast train linking Port Canaveral, FL, Orlando and the Tampa-St. Petersburg market.