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HARTFORD, CT-Construction has begun in earnest on a $77 million project that is viewed by many as a key to the revitalization of downtown Hartford, the 409-room Hartford Marriott Downtown Hotel.
ATLANTA-Randy Hall, a regional underwriting manager for capital markets here, will lead the Core South Origination Team based in the city. Jim Hensley, also based here, will head the Florida originations team.
MIAMI BEACH, FL-Net earnings for the third quarter were $30.3 million, or $1.01 per share diluted, after a one-time charge of 22 cents per share diluted, compared with $53.7 million, or $1.54 per share diluted, for the 2002 third quarter.
ONTARIO, CA-A family trust buys the property from First Ontario Surgery LLC. Located at 1211 W. 6th St., the asset is a single-tenant surgery center that encompasses 13,985 sf.
FORT MYERS, FL-Word of Life Ministries bought the three-building, 60,000-sf complex from Deutsche Bank. The complex, vacant since 1998, will house the organization's headquarters, a sanctuary and other church-related offices.
NEW YORK CITY-The world's largest Applebee's restaurant will open its doors in early November at 50th and Broadway. The 14,000 sf establishment will feature three floors and seating for 400.
LAKE JACKSON, TX-The Lakewood Manor Apartments has upside in the occupancy, which is in the low 80% range. The buyer, who owns another multifamily property in the area, placed a contract before Lakewood Manor made it to the market for $1.3 million.
KENT, WA-Weidner Investments pays Phoenix Life Insurance Company $90,600 per unit for Island Park Apartments, a 15-year-old multifamily community oriented around a lake.
NEW YORK CITY-Workman Publishing has signed a $12 million lease renewal for 50,000 sf of space at 708 Broadway. The company leases nearly 40% of the building.