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HOUSTON-American International Industries has placed a 30-year veteran of the real estate industry and subsidiary president on its board of directors. The move is being sparked by plans to advance real estate interests.
DALLAS-The southwestern US hotel market's hotspot this year is Denver, where daily rates are nearly $17 higher and occupancy as much as 10% greater than other markets. The rest of the region stay a steady course while the Mile High City's supply can barely keep pace with demand.
WHITE PLAINS-Westchester County Executive Andrew Spano has asked New York State for a total of $7.75 million to help fund a host of environmental projects, including a radiant de-icing facility at the Westchester County Airport.
PHOENIX-Local developer Steve Ellman won't complete the purchase of the Phoenix Coyotes by year-end, jeopardizing a $550-million project that calls for a new hockey stadium, along with redevelopment of the former Los Arcos Mall.
WASHINGTON, DC-When President Clinton signed HR 4577 into law, he enabled provisions designed to encourage investments in economically distressed areas. The measure provides $31.6 billion in tax relief to the apartment industry.
SAN JOSE-Jim Salata and Barry Swenson are this year's recipients of the Golden Nail Award, which honors business and property owners making significant improvements to their buildings.
WASHINGTON,DC-Boston Properties Inc.'s 11-story, 405,371-sf mixed-use office building at Market Square North is now fully leased, according to company officials. The property will be 100% occupied by March 2001.