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DALLAS-Leading real estate executives in the southwest are cautiously optimistic that 2001 will be much like 2000. Construction is down somewhat from 1999 and absorption rates high. The easing up's being viewed as just healthy breathing space for an across-the-board balance.
BOULDER, CO-The University of Virginia is a prime example of what can be done by creating an entity to oversee real estate assets, says the Urban Land Institute. Policymakers are reviewing ULI's suggested for the University of Colorado.
HOUSTON-The Houston Ship Channel will be widened, even if the Port of Houston Authority has to impose its power of eminent domain to do so. The authority needs 577 acres from three property owners to carry out its expansion plans.
INDEPENDENCE, MO-Costco Wholesale Corp. will build second its second outlet here on 17 acres. Construction of the store, scheduled to open next summer, will begin in the next 60 days.
ORLANDO-The British Broadcasting Corp. is using the Orlando division of Minneapolis-based Welsh Cos. as its prime source of commercial real estate industry information on the Central Florida market.
SUNNY ISLES BEACH, FL-The 51-story, 283-unit Acqualina will go up on a 4.5-acre oceanfront pad that developers Jules Trump and Alan Matus bought from Pan American Hotel for $31 million or $6.89 million per acre.
WASHINGTON, DC-The Greater Washington Commercial Association of Realtors elected Scott Johnston, a vice president at Spaulding & Slye Colliers, as its president for 2001. Johnson specializes in the Downtown market.
ATLANTA-Fred N. Pratt Jr., head of Lend Lease Real Estate Investments Inc.'s specialized business group, is the company's new president and chief operating officer. Pratt joined the company in November 1999 from Boston Financial Group.