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JACKSON, MI-A US Bankruptcy Court decision allows the retail chain to continue negotiations with lenders led by Fleet Retail Finance, Inc. of Boston to get long-term financing to remain in business.
ROSEVILLE, MN-Revenues are down due to a sell-off of its New Jersey operations. Also, The Rottlund Co. says there is a decline in average selling price because of a different mix of models being sold this year.
JACKSON, MI-Jacobson Stores Inc. is shutting under-performing stores in Ohio and Florida. It hopes to use $130 million in debtor-in-possession financing from two Boston lenders to rebuild the company.
DALLAS-There's a new CEO, new look and new initiative for Web-Real-Estate.com. Credible sources say the current burn rate could spell doom. Not so, says CEO Chuck Briant, who is bargaining with two firms to get 5,000 properties onto a listing component.
CLERMONT, FL-The most controversial mixed-use development venture in Central Florida in 10 years reaches another peak next Tuesday at the regular Lake County commissioners session in Tavares, FL.
TAMPA, FL-In what is believed to be one of the largest land purchases in Central Florida in the last decade, the Dallas-based community developer paid Conner Land Ltd. an estimated $10,890 per acre or 25 cents per sf for the dirt, 85 miles northwest of Downtown Orlando.
ORLANDO-The 164-year-old New York jeweler is building a 5,700-sf store at an estimated cost of $1.5 million at the 1.3 million-sf shopping center being developed by Michigan developers Alfred Taubman and Forbes Co. and scheduled to open this fall in south Orlando.
ORLANDO-Construction on the 18,600-sf golf maintenance building is tentatively scheduled for later this month at the 2,500-acre mixed-used venture just south of Walt Disney World's 30,000-acre empire in northwest Osceola County, 25 miles south of Downtown Orlando.
TAMPA, FL-The FBI, Federal Aviation Administration and Florida Department of Law Enforcement are assessing the destruction from the Jan. 5 solo assault on two floors of the 42-story, 766,136-sf Bank of America Plaza in Downtown Tampa, 80 miles west of Downtown Orlando.
ORLANDO-The nine-member High Speed Rail Authority tells the governor and his Cabinet the first Orlando-to-Tampa leg of the planned 200-mile five-city system will have to be built either along Interstate 4 or on a railway company's rights of way to meet the mandated November 2003 construction start deadline.