Word: sunbelt
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...past ten years or so, the fledgling industry has jumped from a mere handful of warehouses to more than 3,500 buildings, many of them in the fast growing Sunbelt. Though 85% of all mini-warehouses are still little more than mom-and-pop operations, often owned and managed by retired couples seeking to supplement their pension income, big money is now moving...
Dean Witter Reynolds, a leading Wall Street brokerage house, has already raised more than $165 million from investors for Public Storage Inc. of Pasadena, Calif., the nation's largest miniwarehouse chain. Public Storage operates 165 separate warehouses, located mostly in the Sunbelt. Shearson Loeb Rhoades is helping to finance the growth of rival Colonial Storage Group of Odessa, Texas, which was founded in 1969 and now has 81 facilities in operation. Meanwhile, Merrill Lynch has also entered the field, with a $15 million miniwarehouse investment program for pension funds...
...Escape From New York is so egreiously bad. Director John Carpenter has tried to summon all the malevolence of the nation's biggest city--and there is plenty there--and speed it up to a time when all of the city's other qualities have moved to the Sunbelt. In 1997 all that is left is the Evil...
...real estate, the Kuwaitis have moved rapidly into the U.S. Sunbelt. They own the 30-story Atlanta Hilton Hotel, as well as all of South Carolina's Kiawah Island, a resort that has generated some $200 million in revenues for the Kuwaitis on an original investment of only $17.4 million. Kuwait owns parcels of real estate in New Orleans, Boston and Washington, D.C., including office space now rented by the General Services Administration...
...Pink Adobe restaurant. According to the weekly Santa Fe Reporter, the town supports 25 to 30 fast-food restaurants and an astonishing 70 art galleries. The coyly named shops (Señor Murphy Candymaker) could be in Winter Park, Fla., or La Jolla, Calif., or a handful of other Sunbelt centers of the good life. But those towns lack Santa Fe's appealing, if uneasy, jumble of races and cultures...