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HOUSTON-A section of Interstate 45 is turning into a corridor for vehicle dealerships. Chrysler joins the crowd, buying 13 acres for a new Dodge dealership.
CHARLOTTE-The Village of SouthEnd, a $14 million, 125,000-sf mixed-use development, has its first two tenants even as site work for the project is only in its early stages. The development is targeted for an early 2001 completion.
ATLANTA-The five-year-old provider of in-building broadband communications services loses $23.8 million in the second quarter, its second consecutive period loss. But data customer volume is up by 100% and business line growth has risen by 82% over second quarter 1999.
AUSTIN-A Boston-based real estate investment and advisory firm is the new owner of two industrial developments, totaling 266,660 sf, in Greater Austin. The properties sit in the city's tightest submarkets.
ORLANDO-Although restaurant and retail sales in some tourist corridors are off by more than 10%, land prices remain steady. Shopping center sites over 10 acres are in the $6 psf range. Outparcels are selling for $13 to $18 psf.
ORLANDO-The Quest Co., positioning itself as a heavy hitter, has lured three seasoned pros from Arvida Realty Services to strengthen its retail and multifamily brokerage side.