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MIAMI-ABR Infocom's proposed 1.2 million-sf, $150-million ($125 per sf) Downtown telecommunications center has received a green light from the city's Urban Development Review Board. But a number of competing plans for a similar facility are still in the running to get into the ground first.
MONTGOMERY, NY-New York Governor George Pataki and US Senator Charles Schumer jointly announced that office retailer Staples Inc., has decided to develop a $40-million Northeast distribution hub in Orange County.
OCEANSIDE, CA-The planning commission approves site plans for a $1 billion project by a company that will become the city's largest private employer. The long-range plan calls for 14 office and industrial structures on a 60-acre site.
AUSTIN-The Texas Growth Fund, one of the largest and most active private equity investors in the Southwest, has acquired Kerrville-based Qualified Metal Fabricators Inc.
SAN DIEGO-A 1,000-acre development featuring a golf course, hotel and retail overlooking the Pacific Ocean is being marketed by a wholly owned Mexican subsidiary of Tri-National Development Corp, which holds exclusive management and construction contracts for the site.
ORANGE COUNTY, CA-Despite the state Legislature's approval, Gov. Gray Davis kills plan to help Tustin convert its closed military base into commercial and residential project.
BEAUMONT, TX-CBL & Associates Properties will purchase 21 malls, including Parkdale Mall in Beaumont, from the Richard E. Jacobs Group for $1.2 billion. The Parkdale Mall, with 150 stores, is one of the largest retail spots in southeast Texas.