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ROCKVILLE,MD-Manugisitcs Group Inc. is slated to be the lead tenant for a 26-acre office park at Key West Avenue and Great Seneca Highway. The company will move into its new headquarters in Spring 2002.
BOSTON-A significant drop in business at the Hynes Convention Center here has raised concern, especially in light of the new $750-million convention center due in two years. The drop is being attributed to the shortage of hotel rooms in the area.
DENVER-Rapid growth comes with its headaches, say Douglas County business leaders and developers. The county is being ranked second nationwide for its growth prospects, but the effects are straining schools and housing.
AUSTIN-A circuit design consulting firm will definitely renew its Oak Hill lease while eyeing more space to support its planned growth. The 2001 plan calls for more employees and perhaps a few acquisitions to fuel its market share.
ORANGE, CA-A broker from the local office of Lee & Associates represented both parties in a property transaction involving five freestanding buildings.
IRVINE, CA-The popular entertainment complex is adding 200,000 sf, a carousel and a 10-story high Ferris Wheel, all expected to be completed by next Thanksgiving.
ALTAMONTE SPRINGS, FL-ERA Breese Craft Hensley handled 226 townhomes and single-family transactions, averaging $90,000 per unit, since opening its doors in June in this Orlando suburb, 10 miles north of Downtown. The firm projects $50 million in 2001 sales.
SAN ANTONIO-Luby's, a 220-cafeteria restaurant chain, has a new benefactor in Pappas Restaurants. The Pappas owners have secured 1.3 million Luby's shares in the wake of this week's reporting of a $2 million loss for its first fiscal quarter.