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ORLANDO-Continuing its decade-old strategy of buying land at the lowest possible market price and then holding the dirt for long-term appreciation or development, developer Daryl M. Carter and his associates paid three separate sellers a total $1.63 million for properties in Orange, Lake and Sumter counties.
POMPANO BEACH, FL-The Lexington, SC-based company paid approximately $2.78 million, or about $166,167 per acre, for the land here. The company may build a facility for its freight operation on the land but has no specific plans at this time.
CHICAGO-White Plains, NY-based Starwood Hotels & Resorts Worldwide Inc. tops a competing offer for the Westin Michigan Avenue by as much as $37 million.
NEWTON, MA-The city has the winning bid in the purchase of Kessler Woods, a 42-acre parcel that is the largest open piece of property in this area. The city is buying the property with Cornerstone Corp. for $15.1 million.
WASHINGTON, DC-The sweeping modernization of the 1.85 million-sf Herbert C. Hoover Building moves ahead now that architectural-engineering responsibilities to GGA.Ehrenkrantz Eckstut & Kuhn Architects.
LONDON-The auction by brewer Scottish & Newcastle of its 1,450-strong pub chain is expected to see at least seven bidders submit second-round offers today.