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BOCA RATON, FL-Muvico Entertainment terminated its movie house lease prior to the sale of the 19-year-old, 52,750-sf retail complex at 21060 St. Andrews Blvd. here. Compson St. Andrews Associates paid River Woods of Tampa Ltd. $110.96 per sf for the 5.22-acre asset.
DALLAS-The Turner Corp. is bringing a 25-year veteran of the technology business on board to create and implement a high-tech strategy. The new hire has been named vice president and chief information officer.
LOS ANGELES-Credit-rating giant puts real estate firm on CreditWatch list with a "negative" designation, citing the brokerage's high debt level and uncertainty about terms of proposed takeover.
AUSTIN-It's been a relatively busy week for Austin brokers, who have signed leasing pacts for 12 clients. Analog Devices Inc. is the largest space taker in this week's transactions, signing for 45,000 sf of office space.
AUSTIN-Depreciation, amortization and increased costs for selling, general and administrative segments puts USOL Holdings at a $13-million year-to-date net loss. On a positive note, revenues have jumped 86% for the nine-month accounting, a positive sign for the cost of doing business.
DALLAS-The commercial and residential real estate markets are cooling off, except for apartment demand, so says the latest report by the Federal Reserve Bank. The conclusion may help to offset that "at risk" ranking leveled by the FDIC earlier this fall.