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LONDON-Punch Taverns will soon be able to add 3,110 leased and tenanted pubs to its stable of holdings. The deal brings the Punch portfolio to over 7,400 pubs.
CHERRY HILL, NJ-The first phase of Turnberry's mixed-use project kicks off with demolition of the grandstand of the abandoned Garden State Park racetrack.
PHILADELPHIA-The third-quarter industrial vacancy for the entire Philadelphia MSA dropped to 11.7%, down from 12.4% in the previous quarter, according to Cushman & Wakefield data. Available sublease space, however, increased slightly, impeding robust growth.
BOSTON-The Boston Park Plaza Hotel and the 20 Park Plaza office building on Arlington Street secures $70 million in financing. The 900-room hotel is adjoined with the 250,000 sf office building.
DALLAS-In the constant battle for leasing and management pacts, Capstar Commercial wins 1.3 million sf in new office assignments, but loses 820,000 sf after it cut loose a veteran leasing executive. Broker and package end up in the Jones Lang LaSalle camp.
SHAKOPEE, MN--The firm's expansion adds more than 40,000 sf of manufacturing space, a 3,000 sf raw materials tower and a 15,000 sf warehouse and office building. Its expansion was triggered by the growing demand among consumers for laminated shingles.
ATLANTA-One of the nation's 10 largest homebuilders, the locally based company finished its fiscal year Sept. 30 with all-time high home closings of 15,409, up 13% from last year; and posted earnings per share of $12.78, up 19% over 2002.
BIG RAPIDS, MI-An industrial park in west Michigan being marketed by CB Richard Ellis will get a major boost, thanks to a $2.2-million federal development grant.
GLENDALE, AZ-A $5.3 million offer along with a promise of a quick closing delivers the 118-unit Oregon Oasis Apartments to a Phoenix investor. The deal helps both parties accomplish their 1031 Exchanges.