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HOUSTON-A diverse mix of real estate buys highlights this week's transactions in the region. One purchase will open doors for an 82-room motel along Will Clayton Parkway while a League City land buy is the site for a Walgreen's.
ORLANDO-Grubb & Ellis Co. predicts the market will end the year with a record two million sf of net absorption. St. Joe Commercial, the area's dominant developer, expects to lease a minimum 300,000 sf of class A next year and is negotiating to buy four area assets totaling about a half million sf.
DENVER-AMLI Residential has entered the Denver market in a big way, paying $51.2 million for a 414-unit luxury apartment complex. More deals are sure to follow, vows AMLI Residential's president. The sale sets a new record in the region.
IRVING, TX-The good news is AIP's shareholders will be getting a Christmas bonus of $1.27 per share. The downside is it's being deducted from per share takes of a pending merger with Ohio-based Developers Diversified Realty Corp.
ORANGE COUNTY, CA-Venus Textiles has leased a build-to-suit building, while Freight Management will occupy the larger of two suites in the new building it has just purchased.
DALLAS-Turner Corp.'s quarterly forecast shows a 1% jump in fourth-quarter building costs from the last reporting period and a 4.54% jump from the 1999's final quarter. Market activity and manpower demands continue to drive the costs, says the construction industry's barometer
STAMFORD, CT-ICON International, a corporate finance barter company, has launched a program that it says allows corporations to give their excess corporate real estate to charity without harming their bottom lines.
ATLANTA-A major Hines Interests Inc. development is replacing a planned office building with an 18-story, 200-unit apartment complex. Locally-based Harbor Cos. is breaking ground in the second quarter on the first of two planned high-rises.