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AUSTIN-Schlotzsky's Inc., a deli restaurateur, has secured an agreement in principle to modify and extend bank credit terms for about $23.2 million with its banking group. The company is setting up a $6.2-million coffer for new restaurants.
ORLANDO-The Maitland-based electronic funds transfer system operator is being bought out by Memphis-based Concord EFS Inc. in an $845 million stock swap, but the buzz in local commercial real estate circles is what's going to happen to Star's newly-leased 108,000-sf premises.
SAN DIEGO-The huge construction materials company sells two Mission Valley office buildings to the Shidler Group, which has now spent more than $150 million in the area since the beginning of 2000.
MIRAMAR, FL-Preparing for more store openings in Florida, Texas-based Neiman Marcus has taken a 10-year lease on 54,000 sf of warehouse/distribution space at the 400-acre Miramar Park of Commerce. The estimated aggregate value of the lease is $3.43 million.
BELLEVUE, WA-The San Jose, CA-based maker of computer networking products will triple the amount of space it leases at its sales and marketing office in City Center Bellevue. The company will lease two additional floors for a total of 52,764 sf and plans to hire more employees.
AUSTIN-Jefferson Center, a 415-unit luxury apartment complex, breaks ground next week, marking the first live/work project in the state for Irving, TX-based JPI. It's also the third JPI project to break ground in less than a month in the capital
NEWARK, CA-The Community Development and Training Center, an outreach development project by the Fremont Bible Fellowship, is several months behind schedule, over budget and, according to the city, undersupplied with restrooms.