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MIAMI BEACH-The 11-story, 236-room Marriott at South Beach, which officially opened over the weekend, brings a national brand to an area long dominated by independent, boutique hotels. Development cost was $40 million or $169,492 per room.
SAN DIEGO-Sea World, the famed theme park, leases 71,793-sf distribution space for storage at the Mission Gorge Industrial Park. The five-year deal is valued at more than $2 million.
PLANO-Advanced Cable Technologies Manufacturing Inc., a global electronics producer, is making plans for its sixth US manufacturing site, ticketing Plano for a 100,000-sf, build-to-suit structure on seven acres in Plano Industrial Park. The site is being developed by Industrial Developments International of Dallas
DALLAS-Cushman & Wakefield Inc. has named James S. Vanderslice to the post of vice chairman and a member of the compensation committee in Dallas. He most recently has been serving as president of the corporation's eastern region.
SAN DIEGO-City Council will get a shot at the Naval Training Center project, which calls for commercial development of a former Navy boot camp. The mixed-use plan calls for housing, hotels, parks, offices and an arts center
RIDGEFIELD, WA-Two Colorado-based companies are planning a major business park on 286 acres here that would include housing and retail space in order to increase its absorption and desirability.
CHICAGO- The nation's largest industrial REIT has reached a preliminary agreement to sell its huge 50-property, Long Island portfolio to an undisclosed buyer. The trust says its eight-market, nationwide disposition plan continues to move forward.
RALEIGH, NC-Commuters aren't the only ones looking for a place to park Downtown. Developers are scouting around as well. Owners of vacant lots are asking up to $53 per sf, more than comparable dirt at the area's largest malls.