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DUSSELDORF, GERMANY-Of the 50 markets tracked by Deloitte & Touche only four cities reported any positive revPAR growth during the half of the year. The winners were Bremen, Hannover, Schwerin and Rostock.
FORT LAUDERDALE, FL-Mark Lasman and Marc Strauss have been named senior investment associates in the national real estate investment firm's office here. Both joined the company in 1997 and are also directors of the firm's National Retail Group.
LAS VEGAS-The 12-story building in central Las Vegas was 90% occupied at the time of sale. The seller was a joint venture between Legacy Partners and ING Realty Partners.
ATLANTA-James Creek, a planned 939-home project by PEC Development Group of Cobb County, is scheduled to have 15 acres of commercial space, 300 townhomes and 639 single-family residences on a 343-acre site between GA 20 and Old Atlanta Road. A fall groundbreaking is scheduled.
WALL, NJ-The transaction, arranged by the Schultz Organization/TCN Worldwide, marks the second time the building has been sold in just the last 12 months.
REDMOND, WA-The Northwest office of the Phoenix-based multifamily operation manages approximately 1,700 units in six apartment communities in the Northwest and is looking to grow its presence.
NEW YORK CITY-ING Office Fund of Australia expands into the US market with its $107.7 million purchase of a 49% interest in 900 Third Ave. from the Paramount Group.
BALTIMORE-The nearly one-century-old 44,000-sf former Marine Bank Building at 33 S. Gay St. gets a much-needed makeover from Manekin LLC in a $3 million project.