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INDEPENDENCE, MO-$250,000 secured by US Rep. Karen McCarthy will go to rehabilitate the 75-year old building. A contract for the $4-million restoration will be awarded next Monday.
ORLANDO-The nation's sixth largest supermarket chain is confident the red ink has been stanched on its balance sheet and feels its current management and store restructuring will prevent a repeat of the unprecedented first quarter's 57% profit drop.
CHARLOTTE-The Texas-based developer, currently working on Carnegie Town Center in the SouthPark area, has agreed to reduce the amount of office space in hopes of winning city council approval.
FT. WORTH-PharmasMarket.com is up and running with 70,500 sf of distribution space in the 330,000-sf structure owned by UPS Logistics Group at Ft. Worth's Alliance industrial development. The deal marks the dot-com's inroad into Texas.
CHICAGO- Details of the city's $3 billion O'Hare Airport expansion project will be unveiled tonight. The city said it is raising its air ticket travel tax by $1.50 to $4.50 per ticket in order to help fund the massive development.
NEW YORK CITY-Steve Madden, on of the fashion industry's hottest shoe designers, may see the company named for him go on the block in the wake of significant stock depreciations following charges filed against him.
FEDERAL WAY, WA-Quadrant Corp. is constructing a two-story 100,000-sf building along with a 200,000-sf parking garage for the technology institute, which is expected to open its doors in July 2001.
AUSTIN-This month, SiteStuff.com will begin rolling out Internet-based aggregate buying programs for Trammell Crow Co., Jones Lang LaSalle and CB Richard Ellis. It will take nine months to get the Octane Alliance on-line at all properties.
MELVILLE, NY-Reckson Associates has sold a 49% ownership interest in eight commercial office properties, including two buildings in Stamford, CT, and one in Tarrytown, NY, in a deal valued at $136 million.