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LONDON-Gazeley Properties, the European property arm of Wal-Mart, has completed a 290,000-sf distribution centre for its sister company, the supermarket chain Asda, in Falkirk, Scotland.
HURON TOWNSHIP, MI-The state Appeals Court has ruled that a new mixed-use tech park will be a benefit to the public, and thus land for it can be taken by condemnation; owners' attorneys appeal again.
MCLEAN, VA-Plans to bring a new 18-screen movie theater to the 1.9 million-sf Tysons Corner Center shopping mall are in the works between property co-owner and manager Wilmorite Properties Inc. and AMC Entertainment Inc.
GRAND BLANC TOWNSHIP, MI-Dutch roof system firm will build an $8.4 million facility and it plans to employ about 400 workers in depressed Genessee County.
PUERTO RICO-Citing "general business climate and the proliferation of newer and more modern competitors," the Hyatt Hotels Corp. says it will close its Hyatt Regency Cerromar Beach in Puerto Rico by July 15, 2003.
SACRAMENTO-Inderkum High School here is among the first educational facilities in California to be built using a true private delivery system, a so-called lease/leaseback agreement, under California Education Code 17406.
BOSTON-Fitch Ratings likes the REIT's lofty occupancy rate and blue-chip tenant roster, but has concerns over the portfolio's concentrations in four markets and heavy investment in New York City's 399 Park Ave.
HOUSTON-An attorney and Southern American Title, officemates in the Galleria submarket, will shift addresses in a combined lease for 11,687 sf at 1455 W. Loop South. One gets a street-level office and the other heads to the second floor.
MCLEAN, VA-The celebrated two million-sf Tysons Corner Center shopping mall is about to get bigger and better. Property co-owner Wilmorite Properties Inc. is conducting a $100 million redevelopment project.
GLENDALE, AZ-Mark-Taylor reworks its second loan in three months, with the latest secured by Arrowhead Highlands Apartments at 5901 W. Behrend Dr. in Glendale. The complex was 90% leased at closing time.