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DENVER-Billionaire Philip Anschutz is making a play that could catapult him into the largest market shareholder in the movie screen industry. GlobeSt.com has learned he is in secret talks to take over the nation's largest and oldest movie theater chain.
WASHINGTON, DC-The National Association of Realtors Commercial Real Estate Quarterly projects a slowdown in commercial real estate sales for 2001. All sectors, but multifamily housing, should feel the pinch of the slight slowdown.
ORMOND BEACH, FL-The forest product sales and commercial real estate development company thought it would have clear sailing on a planned 2,700-home community after selling 11,000 acres for environmental preservation next to the development site. It was wrong.
CHICAGO-The REIT closes on a package of 23 malls from The Richard E. Jacobs Group. Three of the malls in the 19.2-million-sf package are in Madison, WI and two are in Cincinnati. CBL enters Ohio for the first time.
VISTA, CA-Pacific Retail Properties Inc. reports that its board of directors has increased its regular quarterly dividend by 8.3% to $0.46 per share, payable on Mar. 15, 2001, to stockholders of record as of Feb. 16, 2001.
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.