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LEESBURG, FL-After second thoughts on a land deal that sounded too sweet for the "mystery buyer" in the first place, city commissioners have postponed a vote on a transaction that is slowly taking on a life of its own. The buyer is believed to be Wal-Mart Stores Inc.
HOUSTON-L.S. Communications parts with a 27-acre parcel, making way for another single-family residential development. The seller, Beazer Homes Texas, is planning to build 120 homes priced from $70,000 to $100,000 each.
DALLAS-The nation's brisk construction market is pushing the envelope for labor and some material costs, skyrocketing prices in certain metropolitan markets, according to the third-quarter Turner Building Cost Index.
CHICAGO-The US arm of Dutch developer pays a 39% premium in an all-cash deal for the shopping center REIT. The combination will create the third largest regional mall company in the nation.
MIAMI-As Terremark Holdings, the locally-based builder had been privately-owned and profitable for 20 years prior to its merger with publicly-traded AmTec Inc. For the first quarter following the merger, the company has reported a loss of $5.5 million on revenue of $1.8 million.
FOSTER CITY, CA.-The Internet infrastructure software maker buys the building in which it is the main tenant from Legacy Partners Commercial Inc. to lower its building costs and show that it's here to stay.
SAN DIEGO-The Downtown San Diego Partnership replaces outgoing president Laurie Black with another member of its executive committee, banker Fred Baranowski.