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CHICAGO-Jones Lang LaSalle managing director Douglas Holouch resigns after German law enforcement authorities accuse two project managers of bribery. London-based European CEO Robert Orr takes over German operations.
ORLANDO-Junior Achievement of Central Florida honors Bill Demetree, the co-founder of Demetree Builders Inc. which secretly sold 12,400 acres in 1965 to the late Walt Disney who was covertly assembling a 30,000-acre enclave for his Walt Disney World attraction.
LONDON-Industrial specialist Brixton has completed the sale of a long leasehold interest in the Sterling Centre, Bracknell, Berkshire, to Akaria Investment for pounds 20.7 million ($35 million) representing a net initial yield of 6.75%.
NEW YORK CITY-A joint venture comprised of Swig Burris Equities and Zamir Equities acquired 44 Wall St. for a price of just under $200 per sf. Swig Burris adds to its Downtown portfolio that includes 48 Wall and 5 Hanover Square.
HACKENSACK, NJ-NJ Pierre Apartments LLC is ready to sell its 269-unit high-rise property here. The current owner has spent about $1 million to renovate individual units and common areas of the property, which was built in 1970.
DALLAS-Lone Star's owner, Scott Walton, becomes a senior loan officer with yesterday's closing. BMC's two-year plan is to buy 25 small shops in the US to become the first branded arranger of commercial loans in the $500,000 to $5 million sector.
HOUSTON-Local firm Axis Property Advisors comes out on top in a face-off with two others for a 40,000-sf office leasing assignment in the 190,000-sf expansion of Woodlands Mall. The firm also gets the nod to lease a Galleria office building.
GERMANTOWN, MD-The Montgomery College Life Science and Technology Park takes another step closer to realization with the Maryland Department of Business and Economic Development's recent $2 million contribution.
BOSTON-In a move touted as a success story in the city's recent effort to attract bio-manufacturing and life sciences, Immunetics is relocating its headquarters from Cambridge to 8,511 sf in the Boston Marine Industrial Park.