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WASHINGTON, DC-Interstate Hotels & Resorts, the largest independent hotel management company in the US, gets a new CEO with the appointment of former CIO Steven D. Jorns. He replaces Paul W. Whetsell in the role.
DALLAS-Tenants signed long-term leases in three Dallas area communities to fill 35,000 sf of space at plazas in Euless, Carrollton and Lewisville. Whataburger, Asel Art Supply, Up in Smoke and Uptown Girl Fashion Imports will open in the plazas soon.
TRENTON, NJ-The state is using part of its massive $8.6 billion school construction program to leverage private sector investment, and it's starting a so-called "demonstration project" in a half-dozen cities.
SKOKIE, IL-Anixter International Inc.'s relocation to the Prairie Glen Corporate Campus in Glenview dropped occupancy at the 293,280-sf two-tower complex at 4709-11 W. Golf Rd. to 55%. However, 52,941 sf of new leases and renewals have been signed recently.
MARLTON, NJ-CB Richard Ellis negotiated the transfer of Greentree Executive Campus from the portfolio of Brandywine Realty Trust to that of a local LLC. The price comes out to just under $91 per sf.
SACRAMENTO, CA-The office buildings have a combined 700,000 sf of leasable space and are located in the Sacramento-area suburban markets of Roseville, Folsom and Rancho Cordova. The purchase marks the start of a buying binge by the Los Angeles-based commercial real estate investment firm.
NEW ROCHELLE, NY-The developer of the 450,000-sf New Roc City entertainment center here has sold a majority interest in the project to Entertainment Properties Trust in a deal valued at more than $53 million.
FORT LAUDERDALE, FL-Miller Healthcare Services will provide solutions to healthcare providers that need to expand services and update technology on existing sites or new sites. James F. Smith joined the division as a principal and will direct it.
VIERA, FL-Fresh from a string of successfully developed specialty retail locations in metro Atlanta, the Georgia-based developer has started its first 415,000-sf, open-air shopping center in Brevard County, near the Kennedy Space Center, 60 miles southeast of Downtown Orlando.