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REDWOOD CITY, CA- The $300 million project has been a home run for Jay Paul Co., which purchased the land from the Port in December for about $90 million.
AUSTIN-A growing roster of high-tech clients has an out-of-state firm opening an Austin office. The PNC Convergence Group holds the contract for the National PriceWaterhouse Coopers MoneyTree Survey.
KATY, TX-Talks are under way to finalize contracts for the balance of a 350,000-sf retail center that has been three years in the making in Katy. An electronics store and wholesale club will cap the project for full build out.
ATLANTA-The centerpiece at the Columbus Park project will be the 750,000-sf, 50-store Columbus Park Crossing shopping center. The construction cost will be at least $100 million. The economic impact will create more than 1,000 new jobs; generate over $150 million in annual sales; and deliver about $8.5 million in annual property and sales tax revenues.
DALLAS-Dallas-based Koll Corporate Development is taking a sure bet, forming a joint venture with a subsidiary of Harrah's Entertainment Inc. to develop a $19 million, class-A corporate build-to-suit in suburban Cincinnati. Construction is expected to get under way in the fourth quarter.
MORAGA, CA- The acquirer of brand-name hotels is being taken over by Hotel International Advisors LLC, the U.S. affiliate of a Mexican company which controls several dozen hotel properties in Mexico