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AUSTIN-DCM Technologies, headquartered in India, has opened its first Texas office, staffing the development center with 15 engineers from California, Boston and India. The firm's entry into the Texas market is motivated by Austin's strong semiconductor hub.
WESTMINSTER, CO-Cascade Gardens Apartments Inc. has turned a 118% profit on a property bought just three years ago. The 112-unit complex fetched $4.7 million.
LINCOLNTON, NC-The Lincolnton-Lincoln County Airport, about 40 miles northwest of Downtown Charlotte, will be a hot commercial development spot in the near-future but the area currently doesn't have sewer and water services to accommodate any new planned projects.
AURORA, CO-A leading family-owned vehicle dealership is adding a $2.5-million Volkswagen center to the lineup at its flagship location. The two-story, 27,000-sf center will open in late spring 2001.
RALEIGH, NC-The local chapter of the Society for the Prevention of Cruelty to Animals has bought a 46-acre tract here from Carolina Power & Light Co. for $1.38 million or $30,000 per acre (69 cents per sf).
ORANGE COUNTY, CA - Fujitsu Business Communication Systems, Inc., a division of Fujitsu Limited, has leased industrial space from The Irvine Company in the Irvine Spectrum for 10 years. Terms of the transaction were not disclosed.
DETROIT-Lease rates went up while construction was down in the third quarter, says CB Richard Ellis in its third quarter market report. Absorption is up 10% from the same quarter a year ago.
BRISBANE, CA-Company representatives declined to comment, but reports have the Internet iteration of Wal-Mart stores expanding into 140,000 sf with its move to new space here. Yesterday, Walmart.com re-launched its site.