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STAMFORD, CT-Insignia/ESG released its year-end 2000 office availability rate figures for Westchester and Fairfield counties that showed a marked reduction in vacant office space in most major markets in both counties.
DENVER-In what is shaping up as a late night session, Denver City Council will be deciding whether to change zoning on a Sears property in upscale Cherry Creek North. The retailer and development partners want to convert the site into a $100-million, mixed-use project.
CARMEL VALLEY, CA-The New Jersey-based operation is opening an office here and in Southern California to sell apartment complex owners on the benefits of providing tenants with its alternative to security deposits.
DAYTONA BEACH, FL-Oceans Resorts pays $60,680 per room for the 206-room oceanfront hotel, formerly the Whitehall Hotel. Publicly-traded Boykin is using the proceeds for other undetermined investments. Daytona Beach is 50 miles northeast of Downtown Orlando.
CAMBRIDGE, MA-The Massachusetts Institute of Technology is acquiring Technology Square from Beacon Capital Partners. The site, which includes three existing buildings and four buildings under construction, is the university's fifth commercial investment in the area.
DALLAS-The metroplex's fourth quarter standing in the multifamily market places it at the top nationally in new deliveries. Demand has outpaced supply, but the fierce competition has adversely affected rent growth.
FT. WORTH-United Commercial Development's Cityview Lake Park is ready roll, with nearly $3.2 million in financing coming its way. Holliday Fenoglio Fowler has put together the package for the 330,000-sf project in southwest Ft. Worth.
SAN FRANCISCO-Nob Hill Spa, an 11,000 sf place of pampering, opens today adjacent the 12-story Huntington Hotel, in the former L'Etoile restaurant property atop San Francisco's Nob Hill.
CHARLOTTE-Sonshine Construction Co. bought the dirt and an existing 36,000-sf building on Crown Point Road for $2.6 million or $866,666 per acre from Marketing Specialists of Dallas. Sonshine plans to build four additional structures totaling 24,000 sf.