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...gates. Since then, the swamp, once called Mosquito County, has become the top commercial tourist destination in the world. Currently it draws 13.3 million people a year, up from 4.6 million in 1980. As a shrine, it is surpassed only by Kyoto, Mecca and the Vatican. The 2,558-sq.-mi. metro area has the largest concentration of hotel rooms in the country (76,300), with the highest occupancy rate (79%). More than 18 million passengers arrive at Orlando International Airport every year, three times the number entering 10 years ago -- and, if the planners are right, half the number...
...hallway of her home, her head bashed in, apparently by a hammer; an 83-year-old white woman discovered on her bed, possibly smothered, her lower body nude . . . In all, 12 middle-aged and elderly women killed between 1985 and 1988, all of whom dwelled within a 2.6-sq-km (1-sq.-mi.) urban area...
...mortgage. But Donald Trump raised eyebrows last week when he announced plans to convert most of New York City's 84-year-old Plaza Hotel into condominiums to pay off his $300 million loan on the place. He plans to charge an average of $1,600 per sq. ft. for the luxury apartments, or about three times the price of other prime residential buildings in Manhattan -- and most of the apartments won't have kitchens...
Marketing experts may wonder why Denver's Cherry Creek mall is so flush. Generating nearly $400 per sq. ft. in annual sales, it is one of the most profitable shopping centers in America. Could it be the free valet parking for the handicapped, or the swanky Neiman-Marcus store with its $100,000 furs? Guess again, folks! Local shoppers know: it's the mall's bathrooms...
...glut is another man's glee. Office renters everywhere are demanding and getting deep discounts, huge renovation allowances and better services. In Manhattan, where the rate of empties is 14%, some renters receive a full year rent-free plus a one-time allowance of $60 to $100 per sq. ft. for improvements. In Boston (16%), one of the city's largest law firms, Hale and Dorr, has been threatening for months to move to new quarters. Last week the nervous landlord persuaded the company to stay put at $20 per sq. ft. -- 40% less than the rent Hale paid...