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DAYTONA BEACH, FL-A lack of funding has killed Los Angeles-based Carlsberg Management Co.'s plan to buy the shuttered Adventure Landing amusement hub from the Jacksonville, FL owner for $2.3 million and make it part of an envisioned $115-million boardwalk redevelopment.
FOLSOM, CA-The area's largest locally based residential builder is planning a $70-million project here on 50 acres that will complement Kaiser Permanante's plans to develop a medical center on 50 acres of adjoining land.
VICTORVILLE, CA-The 118,477-sf retail property sells for more than $16.7 million as a private buyer outbids institutional investors to claim the shopping center.
NEW YORK CITY-With a $150-million kitty, New Plan Excel and JPMorgan Fleming get together to acquire shopping centers. Already, the JV spent $44 million for a Lake Grove, NY asset.
PARK RIDGE, IL-City staff members and SB Friedman & Co. pick five teams out of 19 responses to its request for qualifications sent to more than 150 potential developers for the former Bredemann auto dealership site.
NEW YORK CITY-Issues on debt repayment have been agreed upon and GMAC Commercial Mortgage Corp. is readying the paperwork to begin the process of settling up the accounts.
AVENTURA, FL-Residents of the 28-story Hamptons South are set to move in at the end of the year, while at the same time, Phase II of the Peninsula, a 30-story, two-tower project, is entering the market.
PHILADELPHIA-In the midst of continuing lackluster office space absorption in the suburbs, a CBRE report sees Center City and the Horsham and Plymouth Meeting/Blue Bell submarkets out-performing the rest next year.