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DALLAS-Realty Capital has signed Kennedy-Wilson as its exclusive leasing agent for a 35,000-sf spec office project in Plano. The two-story building will come to market in August 2001.
CHARLOTTE-Five-year-old CLT Air Freight Carrier plans to add to its local presence with the construction of a 40,000-sf warehouse and office building scheduled for completion next year.
WEST PALM BEACH, FL-Kenco Communities at the Ranch paid $5.16 million or $1.81 per sf for a 62.5-acre tract in southwest Palm Beach County where the developer is considering a residential venture. First Union National Bank is advancing $11.55 million in development funds. The site is 90 miles north of Downtown Miami.
VALDOSTA, GA-Sunbelt Holdings Investments, owner of the 24 fully-furnished apartments at Moody Air Force Base here, selected locally-based Ambling Management Co. to handle the property. The contract's value wasn't disclosed. Valdosta is 200 miles southeast of Downtown Atlanta.
SEATTLE-But with at least four million sf of office space under construction here and the recent flood of sub-leases space coming back onto the market flood, some speculators find themselves a bit nervous.
FULLERTON, CA-The City Council postponed a decision on a mixed-use residential/commercial development in the city's downtown area, despite city staff's recommendation to approve it.
OAKLAND, CA-Over one million sf of class A space was under construction in the Oakland metro area at the end of the third quarter, but nearly half of it is already pre-leased.
SUNOL, CA-The project will be Mission Valley's second quarry in Sunol. The first runs along Interstate 680. Elliston Vineyards initially wanted to lease much of the 242 acres for grape growing, but the PUC determined in October it would not bring as much revenue as the quarry.
DENVER-There is no cause for alarm that the $115-million Westin will drain occupancies at Stapleton hotels, say the experts. The operations cater to different crowds with different ideas about spending money.
HOUSTON-Sagging third quarter income doesn't dismay Comfort Systems USA, which is in the midst of a restructuring. The commercial HVAC supplier is closing some operations and selling off those deemed as non-strategic assets.