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AGADIR, MOROCCO- Owned and developed by Helios International, the 402-room hotel in Agadir was completed in May. It re-opens as Le Meridien Palais des Roses in September.
CONSHOHOCKEN, PA-Days after the CB Richard Ellis acquisition of Insignia/ESG, Karen Daly-Smith, former executive managing director of I/ESG's Philadelphia-area office, is named SVP of TC's regional office here. She will focus on property management and corporate client services.
GREATER BOSTON-A recent survey reports that suburban market rents here declined only slightly, while vacancy rates have remained the same. This could provide the first indications that the market has hit bottom and is in the early stages of recovery.
CHARLESTON, WVA-Marriott International Inc. and In Town Hotels Inc. settle their differences over Marriott's management of In Town's Charleston Marriott Town Center hotel. In Town had filed an $18.5 million lawsuit against Marriott, accusing it of various dubious management practices.
SCHAUMBURG, IL-Car Quest is one of the three tenants at 410-16 W. Higgins Rd., just east of the intersection of Golf Road, as well as the former owner, Styling Concepts.
COPPELL, TX-A Dallas doctor outbids seven other private investors vying for the 61%-leased Miller Garden Apartments, all eyeing upside from the re-tenanting and renovation of 1214 W. Miller Rd. The makeover plan will cost at least $5,000 per unit.
PORTLAND-A source close to the disposition tells GlobeSt.com that an institutional buyer has tied up the property and will pay "in excess of $30 million" for 10-property, 22-building portfolio. The transaction is expected to close in the next 30 days or so.
ORLANDO-The New York Stock Exchange public offering will cover a portion of the $142.8 million purchase contract on July 24 for two fully leased office buildings and a two-story parking garage in Washington, DC.
HOUSTON-PE Service Consulting Engineers corners 4,424 sf at 8303 Southwest Freeway and Gibson-Gruenert, a business law firm, signs for 1,770 sf at Phoenix Tower. The engineers are prepping for an early August move while the other tenant has its keys.