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ORLANDO-The 100-game attraction is part of a $10-million, 40,000-sf restaurant and bar venture under construction at Pointe Orlando, a retail/entertainment theme shopping center in south Orlando. XS Orlando Inc. is the project's operator/developer. The company is owned by Japanese video game maker Namco.
MINNEAPOLIS-Minneapolis landmark building lands Merchant & Gould and Decision Systems as American Express Advisors and Target depart. Lease rates remain strong despite big new supply of prime space Downtown.
ORLANDO-Harris Paints plans to build an 80,000-sf office and manufacturing facility at an estimated construction cost of $8 million at the 1,350-acre Airport International Park of Orlando. Harris paid $552,000 or $115,000 per acre ($2.64 per sf) for the 4.8-acre, rail-served parcel.
SAN JOSE, CA-If the price is right, the city might allow computer manufacturer Compaq to rename its sports arena, which is owned by the city and run by the San Jose Sharks, a hockey team.
CHICAGO- Real estate titan continues to predict massive consolidation for the real estate industry, saying the upcoming changes will be akin to the "oligopolization" of steel and autos early last century. Zell says the two REITs he launched and in which he remains the largest shareholder, Equity Office REIT and Equity Residential REIT, will increasingly focus on offering services to their huge client base. Sees Equity Residential offering insurance and mortgages to renters who are leaving to buy homes.
LOS ANGELES-The bus and rail strike, which started over the weekend, will force an estimated 450,000 workers to find other ways to commute today. Many office buildings, businesses will share their pain.
WESTMINSTER, CO-Allied Realty Services and Transworld are developing a $40-million, luxury apartment high-rise, the team's second project in five years in the Denver area. The project's location is its biggest selling factor, emphasize officials for both companies.