Word: sq
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Dates: during 1990-1999
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...mood in town (pop. 22,176) holds as much superstition as celebration. Stuart Orem manages the 142,000-sq.-ft. Wal-Mart on the city's vast, booming commercial strip, built 18 months ago on what was once a lovely cornfield. His office is lined with computers that every day spit out new evidence about a windfall he doesn't quite believe in. "I don't think it's hit this area yet," he says of the economic boom, one day after his sales of patio furniture jumped 100% over the same day last year. The next morning, Charles...
...Besides, property values are rising from the ashes of the '80s bust, and rents are going up too. Biggs believes REITs will return 12% over the next 12 months. Steve Hash, an analyst at Lehman Bros., notes that profit from office rentals in Los Angeles is about $12 per sq. ft. It will go to $17 before any serious building begins. In the last cycle, the figure went to $30 before the market became saturated and rents slumped, taking property values down with them. The time to start worrying about REITs is when a new development boom begins, probably years...
Build it, and divinity will come. That's the hope of the Trinity Foundation, which is trying to erect the Templar, a pyramid of pink granite and obsidian with a 500-sq.-ft. base. It does not call itself a religion, but Trinity has certainly mapped out the hereafter. Communicating through the movement's founder, Norma Milanovich, the space being Kuthumi says that the Templar will transform Earth into a star and transport us to the divine realm of the Fifth Dimension...
...place so beautiful a writer in the 1940s described it as "the pocket where the Creator keeps all his treasures. Anything will grow there." Live and let live, in fact. In the gated community of 2,500 million-dollar homes, the cult members rented the 9,200-sq.-ft. mansion at 18421 Colina Norte, complete with pool and tennis court, from Sam Koutchesfahani, paying him $7,000 a month in cash. And although many locals knew their new neighbors were involved in some sort of religious activity, no one was concerned enough to investigate any further...
...ambitious and elaborate war games ever, a laser-gun battle pitting a 2,000-soldier "experimental force" against the toughest men in the war-game business, Fort Irwin's vaunted 2,000-man "opposing force." OPFOR had the home-turf advantage, with a 90% win record in this 20-sq.-mi. stretch of the Mojave Desert. But Oaks' EXFOR had a secret weapon: humvees and M-1 tanks crammed with enough computers and state-of-the-art communications gear to put every soldier inside the military equivalent of an America Online chat room, with instant access to grunts and commanders...