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NEW YORK CITY-The firm closed more acquisitions during the fourth quarter than in any other quarter in its history. That performance is expected to send its percentage growth into double digits.
IRVINE, CA-The developer of the first two phases of the Irvine Spectrum Center is expecting to complete construction of Phase III, a $22-million expansion of the retail/entertainment center, by November 2001.
DETROIT-An amusement park that fell on hard times is being transformed into a $500-million residential and commercial development. The entire project could take as long as 30 years to complete.
TROY, MI-This Motown suburb ranks third in office space in the Southeast Michigan market, just behind Detroit and Southfield, at 11.9 million sf. Nonetheless, the submarket boasts a 6.1% vacancy rate.
MAPLE GROVE, MN-United Properties is managing and leasing the development on a site owned by Lutheran Brotherhood. Carl Zeiss IMT Corp. will relocate operations and 150 employees from Brooklyn Park.
ORANGE COUNTY, CA-The latest survey of the county's industrial market by Voit Commercial Brokerage shows a healthy market with six million sf absorbed and availability hitting a record low for the county in the fourth quarter.
CHARLOTTE-The 12.5-acre Catawba Village Center project is just outside Charlotte on Mount Holly-Huntersville Road off NC 27. The first phase will comprise a 15,000-sf hub anchored by a supermarket. A ground-breaking date hasn't been set.
PHOENIX-The group deciding where a new $335-million football stadium for the Arizona Cardinals will be built might not narrow the list to two contenders and might just pick a winner by early next month.
DALLAS-Stockholders are expected to approve a re-incorporation for Sterling Media Capital Group, which will change the Pennsylvania-incorporated entity into a Nevada corporation. A majority-owned bloc says the change is a sure thing.