Reported by Star-Bulletin staff & wire
Monday, February 24, 1997
Reported by Star-Bulletin staff & wire
Monday, February 24, 1997
Oahu homes had the biggest percentage value loss last year among 18 North American communities surveyed by the consulting firm Runzheimer International. Oahu homes
big losers in 18-city surveyOf the communities studied, 12 saw homes dip in value and six saw values rise, said the Rochester, Wis., firm.
The drop on Oahu was 6.3 percent from the fourth quarter of 1995 to the fourth quarter of 1996, Runzheimer said. Oahu was followed by St. Louis, down 4.9 percent, and Toronto, down 4.8 percent. Gainers were led by Detroit, up 8.9 percent, Nashville, Tenn., up 8.2 percent.
Oahu had the highest home prices in the metropolitan districts, averaging $387,000 in late 1996 compared with $412,800 in late 1995. The survey covered suburban homes of eight rooms and 2,000 square feet.
BURBANK, Calif. - Walt Disney Co. and Pixar Inc. have agreed to jointly produce five movies over the next 10 years in a deal that calls for Disney to buy a million Pixar shares at $15 apiece. Disney, Pixar join to make 5 movies
Disney said today the two studios will be equal partners on the five movies and on related home videos, merchandise and interactive-media products.
Disney will also receive warrants to buy additional stock that could give it a 5 percent stake in the computer-animation concern. By late afternoon, Pixar shares were trading as high as $21, up $6.87-1/2 on the Nasdaq market.
Pixar and Disney jointly produced the hit movie "Toy Story" under a previous three-picture deal announced in 1991.
CHICAGO - Hyatt Hotels Corp. said today it will spend $1 billion over the next three years to acquire 20 to 30 hotels, rapidly accelerating its expansion program. Hyatt plans to spend
$1 billion on expansionTarget properties will be upscale three- to five-star hotels and resorts in the United States, Canada and the Caribbean over a three-year period, said Hyatt, which is owned by Chicago's Pritzker family.
