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DENVER-City Council will be deciding whether to contribute $55.3 million to a developer so he can build a $217-million hotel that will neighbor the Colorado Convention Center. Some say voters, not council, should have the final word.
PALO ALTO, CA-James Koch, formerly with Cushman & Wakefield's local office, became managing director of the investment bank's new brokerage operation on Jan. 2. CSFB added brokerage services with its acquisition of Donaldson, Lufkin & Jenrette Inc.
HOUSTON-An aggressive fund-raising campaign is financing $347 million in construction projects for Rice University. The costliest project is a $100-million replacement for Fondren Library.
FT. WORTH-Williams TravelCenters is pumping $250 million into an aggressive rollout along the nation's interstates to become one of, and possibly the, premier operator in the nation. Sixty-nine TravelCenters will be on line by the first week of April.
IRVINE, CA-The parent company for Fidelity National Title, Chicago Title and other title insurance companies has purchased a firm with an information database that includes a Website for real estate professionals.
SAN FRANCISCO-Despite a surprise cut in interest rates this week, economist Kenneth Rosen warns the chance of a US recession remain high. The commercial real estate market likely will bounce back unscarred, however, concludes Rosen.
NEW YORK CITY-Brokers here say the shuttering of some Office Depot and Sears locales could only be the beginning of a larger trend among retail types that offer no differentiation.
PHOENIX-Where a $335-million stadium will be built is now in the hands of a nine-member board, which could narrow the list to two or pick an outright winner in the next week.
BOCA RATON, FL-Nearly 20 years ago, the TechCenter 051 Building became a focal point of top-secret high-tech research around the time the manufacturing giant began development of the personal computer.
DURHAM, NC-Salomon Smith Barney will be moving into new quarters in September, three months after the three-story, class A, 54,650-sf Valley View building is completed. The estimated value of the lease is $3 million. Durham is 140 miles northeast of Downtown Charlotte.