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HOUSTON-Southwest Bancorporation of Texas Inc. is agreeing to purchase Citizens Bankers Inc. of Houston for approximately $130 million. The merger, if approved by regulators and shareholders, will close in the fourth quarter or early 2001.
SAN FRANCISCO-According to published reports, the recently merged companies have signed a lease for more than 230,000 sf in SOMA. Move-in is expected in the spring of 2001. Recent reports by Cushman & Wakefield put rents in the neighborhood at about $77 per sf.
BELLEVUE, WA-The $40 million project by Houston-based Hines will feature a raised floor system, which will cost about $4 a sf to create but make heating, cooling, electrical and communications easier to configure and reconfigure, as compared to running utilities in walls and ceilings.
LYLE, WA-The Trust for Public Land acquires 35 acres along the Columbia River Gorge to keep it from becoming a subdivision. The county, not pleased with the loss of potential property tax revenues, then passes an emergency zoning ordinance prohibiting public parks in the National Scenic Area without its permission.
SAN JOSE, CA-In June, Redevelopment Agency director Susan Schick said further city funds would not be necessary to complete the project. On Tuesday, Schick got tentative City Council approval for an additional $6.1 million.
MIAMI-Bass Hotels & Resorts has named Frederik de Roode regional vice president for operations in the Southeast. He will also be vice president and general manager of the Hotel Inter-Continental Miami.
ORLANDO-The 76-year-old, privately-held, family-run company is paying $3.3 million for a 137-acre tract at International Corporate Park in south Orlando. The price equates to $24,087 per acre or 55 cents per sf. The firm plans to build a 300,000-sf complex to replace its 125,000-sf plant.