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ORLANDO-For the second time in three years, the locally based celebrity-themed restaurant chain is emerging from Chapter 11. The company once owned or controlled an estimated 2.4 million sf of retail around the world but that has now dwindled to around 900,000 sf.
DETROIT-Commercial building activity has dropped 44% from July 2001 to July 2002. Overall, the commercial construction market is down $1 billion from last year's first six months figures.
DETROIT-Dollar spent on commercial real estate construction drop to $411 during June, following a 35% drop during all of 2001, reports the F.W. Dodge Division of the McGraw-Hill Cos.
OAKLAND-City officials say that even if the A's decide that they want to move forward on the uptown site, the exclusive negotiating agreement does not preclude the team from going to Forest City Residential West, the company the city is now exclusively working with, and trying to work a plan with them.
OAKLAND-A proposed exclusive agreement between the Oakland City Council and Forest City Residential West would restrict city officials from discussing development plans with any other party, including the Oakland Athletics, on the proposed uptown site.
SAN FRANCISCO-At a San Francisco Planning and Urban Research Association forum today, experts criticized Bay Area cities for their careless attitudes toward affordable housing.
DETROIT-New York-based F.W. Dodge reports commercial building in the state is down 22% from the previous year. The value of contracts in February was down just 1% t0 $296.3 million.
AUSTIN-F.W. Dodge pegs the region's commercial construction value at $101.6 million in February, up from $61.8 million in February 2001. While it looks good, the two-month total is down by nearly $40 million in the yearly comparisons.
HOUSTON-Enron's collapse and 4.2 million sf of sublease space surely spell the end to Houston's ability to dodge the brutal impact of a down economy. 2001 ended with overall office vacancy of 14.43%.