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HICKORY CREEK, TX-A Rockefeller Center-based investment group is banking on a theater startup to strengthen its foothold in the entertainment industry. W.P. Carey & Co.'s two REITs have put up $19.5 million for three megaplexes, including one in Hickory Creek.
FT. LAUDERDALE-LeClub International principals George Green and Daniel J. Martincak are building a 66-unit tower at 2900 NE Ninth St. on a three-quarters acre site that will offer residences at $600,000 to $1.1 million.
WEST PATERSON, NJ-The global specialty chemicals and materials maker will stay at Mountain Development's Garret Mountain Plaza, which was first developed in 1982 and stands at 100% occupancy. They signed a long-term lease.
GLENVIEW, IL-The Iowa-based upmarket department store chain has announced plans for a store, at the former Glenview Naval Air Station, which will occupy part of the historic Hanger One.
LOS ANGELES-Forecasters predict that the economy in California won't slow as much next year as in other areas of the nation. But many of the state's commercial real estate owners are already feeling the sting of shrinking demand.
AUSTIN-Insignia/ESG's Austin office has found new homes for two office tenants at the prestigious Hartland Plaza and Centennial Towers. The prime spots are going to Internet operations, which is a literal mainstay of the state capital's skyrocketing virtual economy.
ORLANDO-Rich DeVos, the billionaire owner of the local National Basketball Association franchise, says the city-owned, 7,000-sf TD Waterhouse Centre is too old, too small and too outdated to draw big-spending corporate sponsors.
BRIDGEWATER, NJ-The software development company is planning to take space in an 80,000-sf spec building recently completed by Advance Realty. Quick turnover of spec space has become common in this tight market.
FT. WORTH-Trammell Crow has decided not to buy the tornado-damaged Bank One Tower, ending months of due diligence and speculation that the deal would close Dec. 15. Property owner Loutex Fort Worth will immediately start talks with other interested purchasers.