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MIAMI-Income-producing properties are favored ahead of shopping centers, warehouses, offices and hotels/motels in that order, according to a second-quarter analysis by Integra/AREEA Inc. Japanese investors are largely absent.
SEATTLE-The Seattle-based developer's winning project is the 16-story, former Pacific Medical Center completed in 1999. The building, the third in Seattle ever to win the award, had stood mostly vacant since 1987.
HOUSTON-A federal bankruptcy judge's OK on a motion to sell the former Galvez Mall, closed for four years, advances Island Realty's plan to buy the Galveston Island property for a 300,000-sf power center.
DENVER-The $500-million WorldPark proposal has piqued the interest of the International Speedway Corp., owner of the Daytona International Speedway in Florida. The firm has initiated a feasibility study to weigh the project's merits.
YONKERS-Bed, Bath & Beyond should begin construction soon on its 43,266-sf store on Central Park Ave., the retailer's third location in Westchester County. Occupancy is slated for spring 2002.
HOUSTON-The Port of Houston Authority says eminent domain may be necessary to gain control of 226 acres to accommodate a truck entrance for the proposed Bayport Terminal. The chemical company American Acryl owns the property.
ATLANTA-After six weeks of deliberation, the jury called the planned project necessary to the daily operations of the Norfolk Southern Railway. The facility will be in Clarkdale, GA, east of Atlanta.
PHOENIX-Supporters and opponents of some key real estate-related propositions will hit the streets and phone banks one last time today, just hours before what some call the most important election day in the history of Arizona.
NEW YORK CITY-A source close to the deal confirms published reports that Prada-controlled Jil Sanders, a women's clothing line, has signed a deal for the space recently vacated by Hermes.
VISTA, CA-Shopping center REIT Pan Pacific buys Valencia center. The move is part of the REIT's strategy to acquire neighborhood shopping centers anchored by grocery stores.