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BOCA RATON-Carl DeSantis and partners awarded two leasing contracts to Grubb & Ellis Co. for the Boca Raton buildings and a single contract to Trammell Crow Co. on the Hollywood, FL property. The three assets total 632,167 sf.
HOUSTON-A trio of power players in the energy business has aligned to build a $200-million chemical plant in Port Arthur. Construction will begin in 2001, pending regulatory permit approvals.
BOULDER, CO-Wild Oats Market Inc. plans to cannibalize eight of 111 stores nationwide and divert funds to beefing up its staff and training for the surviving stores. Net income has dropped $3.4 million in third-quarter accounting comparisons.
CHICAGO-Following the Exodus Communications development near O'Hare Airport, a high-tech corridor is forming in the area. With space Downtown getting harder to find nationwide, Band-X says telco hotel developers will be heading for the suburbs.
SAN DIEGO-With the Ballpark District redevelopment project on hold, developers are looking at the fringes of Downtown for multifamily opportunities. <p>
HOUSTON-A start-up high-tech operation extends a welcome to Houston newcomers, launching a relocation and home services guide on the Internet. The guides provide data about the west, northwest, central and Clear Lake corridors.
CHARLOTTE-Developers Mel Graham and Jack Fallaw separately will be adding a total 76,000 sf to the Charlotte market with Park South Professional Center and Offices at Waterside Crossing.
NEW YORK CITY-B/B+ apartment buildings on the East and West Coast are regarded positively by survey interviewees as is class A distribution space near transportation hubs. Limited-service hotels should be avoided, however.