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FOXBOROUGH, MA-Developer Louis Giuliano wants to build a racetrack on a 50-acre parcel across from Gillette Stadium. The project received a license from the state's Racing Commission, but still needs town approval.
MANALAPAN, FL-Crescent Real Estate Equities Co. and Westbrook Real Estate Fund IV LP, which each owned 50% of the luxury, 270-key resort here, sold it to an undisclosed private investor.
LONDON-Leo Noe has made a third and higher offer for Derwent Valley, valuing the company at pounds 436 million ($752.1 million). But the company has again rejected his offer as unacceptably low.
ATLANTA-Linda B. Philp, vice president and treasurer, becomes vice president and chief accounting officer but will continue to serve as the company's treasurer. Deborah N. Ethridge, vice president of strategic planning, changes tasks as vice president of finance and investor relations.
LONDON-Young's Brewery, which owns a substantial chuck of Wandsworth town centre in south-west London, has opened talks with Wandsworth Borough Council about a possible retail and residential-led redevelopment of its 5.5-acre site.
TEWKSBURY, MA-Rogers Commons, a 20-unit apartment complex, secures a $2 million loan through Arbor Commercial Mortgage. The loan is being used to refinance the recently constructed, townhouse-style project.
KILLEEN, TX-First Worthing lets go of a 6.6-acre "best in market" development to Realty Appreciation, which beat out 10 others for an offering priced to sell at nearly $9.5 million. The sale of the Arbors of Killeen, which has been on the market since July, closes at a 9% cap rate.
LONDON-DIY retailer B&Q has announced plans for a 1 million-sf distribution warehouse on the site of the disused Manton Coliery in Worksop, Nottinghamshire.