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MIAMI-The red-hot commercial property market in South Florida has encouraged more national real estate services firms to open local offices or expand existing operations. This has upped the ante for deal-making skills and begun a game of musical chairs as brokers move from company to company.
ORLANDO-The 103-unit themed restaurant chain did six-month sales of $200.4 million, up 5% from the comparable 1999 period. But comparable store sales, an industry barometer indicating repeat customer visits, was down 3.3%. That was an improvement, however, from a 10.2% dip from the previous year.
AUSTIN-One of the city's largest industrial developers plans to build another 400,000 sf of industrial space at a development that has 370,000 sf delivered or ready to deliver, GlobeSt.com has learned. Transwestern also has set a groundbreaking later this month on a 133,000-sf second phase at its Cameron Road Corporate Park.
HOUSTON-The city welcomes its second hypermarket by Auchan USA, a Paris, France-based retailer. The full-line discount store opens at a former Target location.
DALLAS-A Dallas-based development venture breaks ground in November on a $13 million spec office project, the first of a $100 million development plan for the Dallas-Ft. Worth region. Simultaneous construction of a four-building complex will headline the undertaking.
BRECKENRIDGE, CO-Vail Resorts Development Co. has revised development plans for the nation's leading ski destination. The plan, not to exceed $500 million, goes from 35 home sites to mixed use.
ORANGE COUNTY, CA-Only a month after taking control of closed military base, supervisors begin hunting for ways to make the property generate more cash.
LOS ANGELES-After report says Long Beach room bookings may have been inflated by 10%, agency's chairman admits some accounting mistakes but urges they be kept in 'perspective.'
PHOENIX-Residents in the suburb of Scottsdale will vote Tuesday on nine different projects to improve the city's infrastructure. Property taxes will likely rise as a result.