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WEST PALM BEACH, FL-The Oct. 27 debut of the shopping/entertainment component of Downtown's $550-million CityPlace will be followed in late November by initial occupancies at the 128-unit Tower Apartments.
HOUSTON-Southwest Bancorporation of Texas Inc. is agreeing to purchase Citizens Bankers Inc. of Houston for approximately $130 million. The merger, if approved by regulators and shareholders, will close in the fourth quarter or early 2001.
SAN FRANCISCO-According to published reports, the recently merged companies have signed a lease for more than 230,000 sf in SOMA. Move-in is expected in the spring of 2001. Recent reports by Cushman & Wakefield put rents in the neighborhood at about $77 per sf.
BELLEVUE, WA-The $40 million project by Houston-based Hines will feature a raised floor system, which will cost about $4 a sf to create but make heating, cooling, electrical and communications easier to configure and reconfigure, as compared to running utilities in walls and ceilings.
LYLE, WA-The Trust for Public Land acquires 35 acres along the Columbia River Gorge to keep it from becoming a subdivision. The county, not pleased with the loss of potential property tax revenues, then passes an emergency zoning ordinance prohibiting public parks in the National Scenic Area without its permission.