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AUSTIN-Texas environmentalists and voters have nipped a plan to pump $1.5 million per year into Austin's coffer, $900,000 into the Austin Convention Center and $2.8 million into Austin Energy. The pool of money would have come from a 400-acre hotel-golf course project.
SAN MATEO, CA-A San Mateo County Superior Court judge rules that the city must hold more public hearings and then vote again on the project because certain statutes governing the permanent closure of a public street were not followed.
AUSTIN-Two brokerage firms have found office space for nine clients, sealing a combined 68,456 sf in leases in the state capital. Colliers Oxford brokers have finalized five of the city's latest deals.
ORANGE COUNTY, CA-Third-quarter earnings for Newport Beach-based Pacific Gulf Properties were up 15% over the same period a year ago. The REIT's portfolio of industrial and multifamily properties is 97% occupied in both property types.
CHICAGO- In its quarterly conference call, management says it has sold 17 properties since the end of 3Q for $245 million. CEO says the strategic shift into supply-constrained markets will begin to show in next year's results.
WASHINGTON DC-HUD has embraced a newly published building code as the first legally acceptable way to comply with Federal regulations about disabled accessbility in apartments.
DALLAS-The multifamily sector is still waiting for the IT providers to make good on promises for big savings and heightened efficiency. Meanwhile, IT firms blame the industry's complexity for the Jetson apartment not being ready to lease.
HOUSTON-Experience and reputation have snagged a $45-million contract to design an expansion and renovation for the M.D. Anderson Library at the University of Houston. Construction will get under way in late 2001.