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PHOENIX-A Phoenix legal firm pays $1.2 million for a 12,630-sf, two-story building, known locally as the Paul Johnson Jewelers building. Under the new owner, it will be transformed into legal offices.
CAMP HILL, PA-As part of the redevelopment of the 525,000-sf mall here that has been under way since Cedar acquired the property a year ago, the 14-auditorium movie complex will rise where the Giant Food Store now stands.
MINNEAPOLIS-With a new prototype restaurant in West Des Moines, the restaurant and microbrewery plans to eventually add six more restaurants in the Midwest.
WASHINGTON, DC-The Real Estate Roundtable reaches out to the Federal Reserve Board to convey concerns about Basel II--rulemaking that would institute updates to international regulations controlling capital adequacy for financial institutions.
HOUSTON-G. Wayne Reyes steps in as senior vice president and manager for Henry S. Miller Commercial, which is planning to expand the Houston operation to include office and multifamily buildings as well as its staple product of retail.
BOSTON-The city's recently created Hotel Development Loan Fund chose three hotel projects to receive $40 million in loans. The program was launched this past August in the hopes that it will stimulate economic growth.
COCONUT CREEK, FL-The five-year lease is for a two-story, 35,000-sf build-to-suit office building, where the company plans to consolidate offices into this southeast regional corporate headquarters and administration facility.
LONDON-The planned imposition of Stamp Duty on new leases is due to take effect from 1 December 2003, but the RICS and other industry bodies are still lobbying for a change of heart at the Treasury.
COMSTOCK TOWNSHIP, MI-A developer has proposed redevelopment plans for a vacant 2.2 million sf former General Motors plant into a modern business park.
NATICK, MA-Vision-Sciences renews its lease for 20,000 sf of space at 9 Strathmore Rd. The company, a developer and manufacturer of flexible endoscopic products, occupies the entire building.