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MINNEAPOLIS-Despite adding nearly one million sf of new construction, vacancy rates in the West submarket remain stable at just under 10%. The market also has more class A space than class B space for the first time.
ORLANDO-Both sides feel they have the better bargaining hand in a dispute over who came up first with the idea for the three-year-old, 150,000-sf Wide World of Sports complex at Walt Disney World's 30,000-acre enclave in suburban Lake Buena Vista, FL. A settlement for a lesser amount would avoid an expensive hearing shortly before the Fifth District Court of Appeal in Daytona Beach, FL.
DALLAS-Macfarlan Real Estate Services has made a strategic decision to turn over leasing duties for better than half of its Dallas portfolio. Stream Realty Partners is the winner of the lucrative deal for the class-A trio.
STAMFORD, CT-Dan Mambrino of the Cushman & Wakefield office here has negotiated the sale of 423 acres comprised of industrial space and open land for Miller Brewing Co.
BOSTON-As an indication of the company's interest in entering the US four-star hotel market, Millennium Hotels is renovating its 12 hotels in the US, including the Regal Bostonian here.
GRESHAM, OR-On the same night the City Council approved the project, it denied a related tree-removal permit. As a result, both the developer and the Northwest Gresham Neighborhood Association are appealing the council's decision, albeit for different reasons.
MOUNTAIN VIEW, CA-SGI, formerly known as Silicon Graphics Inc., has sold and leased back a portion of its corporate campus here in a two-phase deal that won't be complete until the end of 2001.
NEPTUNE, NJ-Proposed four million-sf phased project, which got township approval for its general development plan back in mid-August, moves one step closer to reality. Extensive engineering studies have produced plans since the summer.