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ATLANTA-Post Properties Inc. wrote off $5.2 million in expenses incurred in the May proxy fight with former chairman John A. Williams and $1.8 million in severance charges related to two executives.
ELIZABETH, NJ-The ribbon-cutting for the 210-key Country Inns & Suites by Carlson hostelry marks the mid-tier brand's entry into the greater New York City hotel market.
DENVER-The largest movie theater chain in the country, headquartered here, reports an increase in second quarter revenue and sees a rise in its net income.
CHICAGO-A new $20.8-million mortgage is placed on 225-bed Meadowbrook Manor of Bolingbrook while a $16.32-million loan refinances the 298-bed Meadowbrook Manor in Naperville. Both are 35-year HUD Section 232 deals arranged by Cambridge Realty Capital Cos.
NEW YORK CITY-David Hollander and Sacha Zarba took a one-year hiatus from Insignia/ESG and are now joining CB Richard Ellis, which recently completed a merger with Insignia/ESG.
SAN DIEGO-Arena Inn Motel Co. LLC is the seller of the 98-room property, which stands at 3330 Rosecrans St. in San Diego. Amenities include an outdoor swimming pool and spa, as well as a Mexican restaurant with outdoor patio dining.
NEW YORK CITY-When the deal on the 965,000-sf office property closes in Q4, Vornado's gain is projected to be approximately $157 million. SEB Immobilien-Investment is the new owner.
SAN DIEGO-Design is nearly complete on Sabre Springs Plaza, a proposed retail neighborhood center that is being developed by La Jolla Pacific Development Group. Construction on the project is scheduled to begin later this summer.