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AUSTIN-A prime piece of commercially zoned real estate is now the property of Austin's Kucera Co. The game plan reportedly is to build an office project on what has been labeled as the last available tract in the upscale mixed-use Arboretum.
HOUSTON-Offices2Share, based in New York City, and Houston's Boxer Properties are melding strategies to use the Internet to advance the short-term leasing market. One has the properties and the other, the technology.
SAN DIEGO-Port officials again agreed to give developer Doug Manchester more time to come up with financing for a much-needed expansion of the bayfront Hyatt.
CHICAGO-The $1.3-billion sale of 21 malls by The Richard E. Jacobs Group to CBL & Associates Properties, Inc. includes three in Madison, WI, and one each in Brookfield, WI; Racine, WI; and Rockford, IL.
MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.
BOSTON-The National Association of Realtors forecasts that Boston is going to be one of the hottest markets overall in the country in 2001. A strong local economy and decreased supply here contribute to the city's positive indicators.
CHARLOTTE-Locally based AAC Real Estate Services Inc. will develop the 170-acre, spec venture over a seven-year to 10-year period in southwest Mecklenburg County. A ground-breaking date hasn't been set.
ORLANDO-The high-fashion firm's parent, St. Louis-based May Department Stores Co., will pay Saks Inc. about $310 million or roughly $34 million per store for five Parisian locations in Tennessee; three in Louisiana; and the Orlando site. The deal is expected to close in March.
ATLANTA-There seems to be no cooling off in the fierce battle among grocery stores in the metro area. The two leaders in the market each plan to open a number of new stores this year.