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LOS ANGELES-Office markets here and in other parts of Southland are expected to enjoy modest but uneven gains next year, despite weakness in the dot-com sector and an overall slowing of the economy.
WEYMOYTH, MA-South Shore Tri-Town Development Corp. terminated its purchase and sale agreement with Mills Corp. for a 155-acre parcel on the former Naval Station here. Plans for a regional mall faced local opposition as well as environmental concerns.
PHOENIX-Downtown may have moved itself into the lead position in the race to land a new $335-million stadium for the Arizona Cardinals after boosters released figures showing that it would take less than $3 million in public funds to ready the site.
PHOENIX-Jennings, Strouss & Salmon takes 75,000 sf at recently completed Collier Center, will relocate from nearby One Renaissance Square next fall.
SAN JOSE-Under a plan by the San Jose Redevelopment Agency, five locations that are now parking lots lining First and Second streets will become shops, restaurants, offices, hotels and apartments.
PHOENIX- Arizona's top resort hotel--and one of the best in the nation--has been sold by billionaire H. Wayne Huizenga to a California-based hotel chain.
SAN FRANCISCO-Bank of America, International Business Machines and Prudential Insurance Co. are now minority owners of the online real estate services startup NetStruxr Inc., guaranteeing the company some $3 billion in annual transaction volume.