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AUSTIN-The Information Superhighway has more than a few roadblocks. Not the least of which is that real estate firms are still mouse-shy and must get more aggressive.
HOUSTON-TCP Renaissance Partners, an affiliate of TCP Holdings LLC, is renovating the 13-story office building at 1801 Main St. Work on the new facade of silver and reflective green glass will wrap up this fall.
CHICAGO-The shares of Prime Group Realty REIT have not climbed in reaction to reports that CEO Mike Reschke has paid $61 million to purchase the 34% stake in the trust held by Blackstone Group.
ORLANDO-The host of TV's Bill Nye the Science Guy charged the theme park company illegally used his likeness on attractions at Epcot at Lake Buena Vista, FL. Disney denied the allegations. The suit sought $500,000. Settlement terms weren't disclosed.
ROCKVILLE, MD-Tower Oaks office park sees negotiations for PG&E campus and Clarity Communications, while speculative development is in the works too.
LOS ANGELES-Economy should keep expanding next year, annual report says, fueling demand for office and industrial space. The outlook for retail isn't as bright.
ISSAQUAH, WA-Costco Wholesale Corporation, the city's largest employer, is expanding its corporate headquarters with a new 170,000 sq. office building that will take 12 to 15 months to complete.
NEW YORK CITY-As rumors of CIBC Oppenheimer's plans to sell its retail operations to Lehman Brothers becomes accepted fact, some wonder if the deal will free up any retail and office space.