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AFTON, MN-The trade show exhibit designer and builder recently bought the former 100,000-sf Remmele building here and will renovate it with the assistance of the State of Minnesota; they will move out of its three locations in Hudson, WI.
PITTSBURGH-Opening near here in 2006, the 350,000-sf Mt. Nebo Pointe's anchor tenants will include a 123,610-sf Target and a 48,171-sf Sportsman's Warehouse.
WAYCROSS, GA-Outbid on a lease at its Jacksonville, FL plant where it has operated for 50 years, the Atlanta-based mattress manufacturer selected a 42.5-acre industrial park site here where it plans to build a 215,000-sf plant and create 225 new jobs.
HARRISBURG, PA-A report shows that this state is at a comparative disadvantage with peer states on housing fronts such as multifamily rental stock, housing assistance and the proportion of income residents pay in rents.
HOUSTON-Private investors from San Francisco have exchanged an apartment complex in their hometown for a 143-unit southwest Houston complex called Beckford Place. The buyers paid within 97% of the $4.9 million listing price.
KING OF PRUSSIA, PA-By increasing its stake in Kravco Investments and Kravco Co. from 18% to 80% and from 15% to 50%, respectively, the developer brings the 2.8-million-sf King of Prussia Mall into its portfolio.
PHOENIX-Alliance Residential has hired a veteran realtor with 17 years experience to head the firm's acquisitions division. John Cunningham, a former vice president with Camden Property Trust, will be responsible for identifying and evaluating national investment opportunities in his new position.
WHITE PLAINS, NY-While the firm is still searching for a new CEO, Starwood Hotels & Resorts didn't have to look far to find a new president and COO. The company promoted longtime exec Robert F. Cotter to the post.