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LOS ANGELES-County officials have voted down a pro-LAX expansion plan by a margin of 2-1, in favor of a plan that would shift airport growth to neighboring counties.
DETROIT-The 10-year, $144-million final phase of south access road connects the old terminal with the new $1.2-billion, 97-gate Midfield Terminal being built for Northwest Airlines. Motorists will have access to two interstates.
MARCO ISLAND, FL-Buyers reserve 143 of the 148 units in the proposed fifth tower development in Cape Marco, a 30-acre residential community in Collier County, about 126 miles west of Miami. Ground-breaking on the 24-story Belize project is set for September. The units are priced from $900,000 to $8.9 million
SAN FRANCISCO-The Good Guys Inc. announced Thursday that it will eliminate 450 jobs, reducing its workforce by about 10%. Company officials say the move is part of the firm's strategic plan to improve consumer service and streamline operations.
SEATTLE, WA-The four properties on Westlake Ave. total nearly 68,000 sf. The foundation paid nearly $6.15 million for the largest, a 27,900-sf office building that sold in October 1999 for just under $3.95 million.
SAN ANTONIO-Nearly 18 months of flat office rents will come to an end this year, predicts Grubb & Ellis in its latest report. Office service center absorption now dominates 90% of the city's industrial market. These and more positive signs point to a solid 2001 for the city.
DALLAS-Staubach Cos.' investment affiliate, Wolverine Equities Co., has structured a sale-leaseback for 96 CVS drug stores, putting up $288 million in cash. The long-term lease arrangement encompasses retail sites in 16 states.
SAN DIEGO-The Padres announced Thursday they have landed their first major office tenant in the proposed Ballpark Redevelopment District. Now, all they have to do is win approval for the ballpark to be built.
BEND, OR-Eight new office buildings were erected here in 2000, but net absoption was a record 131,000 sf and vacancy rates are at their lowest in years, says Compass Commercial Real Estate Service.
DETROIT-Two popular Michigan camps, Camp Inisfree in Howell and Camp Metamora in Metamora Village in Lapeer County, will grow in size thanks to sale of two other camps to the Boy Scouts.