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DALLAS-The Kansas City, MO-based general contractor decides to stay in town after testing the waters for the last four months. David A. Clowers is named senior vice president to lead the divisional office.
WARRENVILLE, IL-A 175,000-sf Super Target anchors the project at the well-traveled southwest corner of Diehl and Winfield roads, next to the 5-million-sf Cantera Business Park. Completion is expected next summer.
SUNNY ISLES BEACH, FL-The Mediterranean-style, upscale condominium development here will consist of 88 residences on 14 floors. Prices range from $285,000 to $475,000. It is expected to be completed in two years.
LAKEWOOD, NJ-The Lightstone Group has acquired the three properties from the estate of developer Saul Cantor in a deal almost five years in the making.
DALLAS-In a "something for everyone" deal, Wyndham and Viva Resorts finalize a 10-year pact for seven resorts in the Caribbean and Mexico. Wyndham gets two new markets and an all-inclusive inroad and Viva gets a "top of the mind awareness in the US.
NORTH MIAMI BEACH, FL-The locally based REIT also had significant increases in net income and revenue for the second quarter and the first half of the year, compared with the comparable periods last year.
SAN DIEGO-Shea Homes and Continental Homes are gearing up to start construction on the recreational component of their Escala master-planned residential community. The recreation center, which is slated to rise on Fenton Parkway, will encompass 6,500 sf upon completion.
WEST NEW YORK, NJ-The 125,000-sf Riverwalk shopping complex is part of a phase that will add another 1,000 units to Roseland's Hudson waterfront community.
LONDON-The UK Government yesterday underlined its commitment to regenerating the Thames gateway area east of London. Over pounds 1 billion ($1.6 billion) of public investment in the area will help provide 120,000 new homes by 2016.
ESCONDIDO, CA-The Escondido-based firm reports second quarter revenue as $36.5 million and funds from operations as $23.9 million. The figures reflect an 8% jump in revenue and a 3.9% increase in FFO as compared with the same quarter last year.