ORLANDO-A planned $1.5 billion, magnetically-levitated transportation system linking Orlando, Port Canaveral, Orlando International Airport and tourist-heavy International Drive is dead. The developer couldn't come up with the initial $15 million to satisfy state officials the project was financially feasible.
ORLANDO-Ginsberg Property Group is getting a mini perm loan on its $28 million, 370-unit, class A multifamily venture in northwest Hillsborough County. The Orlando office of R.J. Twitty & Co. brokered the transaction.
BEAVERTON, OR-The locally-based software maker is replacing Nike in 48,570 sf at the Summit Building while it seeks approval for expansion of its 6.92-acre Cornell Oaks campus.
HOUSTON-The Louis Dreyfus Natural Gas Co., an Oklahoma City-based energy firm, has leased 38,000 sf in the Wedge International Tower in downtown Houston. The pact takes the structure up to a 90% occupancy rate.
SAN JOSE-Real Estate Northern California, slated for an October launch, will keep tabs on commercial real estate in one of the nation's hottest markets.
AUSTIN-Luci Baines Johnson is adding to her kudos, taking on the role of developer. She plans to head up a luxury condominium project that will be situated right next door to her penthouse residence.
CHARLOTTE-Time Warner Cable is breaking ground on an 80,000-sf, estimated $12 million customer call center and technical operations facility. The building will house about 400 employees being consolidated in early 2001 from four other Time Warner locations.
SAN JOSE - The newly-public maker of optical telecommunications systems is having Mission West Properties build it a 455,000-sf, five-building campus organize and centralize workers.