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JACKSONVILLE, FL-Despite a soft commercial development period, the 58-year-old construction materials company was still able to post record net income of $16.3 million, a 32% increase over Q2 2002 levels.
CHICAGO-Mitsui Sumitomo Insurance has secured $56 million in financing for the River East Center I project, which was signed over to the company after MCL Cos. defaulted on a $300 million construction loan reinsured against default by Mitsui.
LOS ANGELES-The Genesis Workforce Housing Fund, managed by a local office of New York City's Phoenix Realty Group, will focus mainly on for-sale housing, but also will finance apartment projects.
LONDON-Cendant subsidiary Days Inns Worldwide has opened of the first UK property to carry its Days Hotel brand in Wakefield, West Yorkshire. More openings are already planned.
CITY OF INDUSTRY, CA-ABI Automotive Bearings is consolidating operations from two Downtown Los Angeles locations into the 28,000-sf building along Marion Court. Move-in takes place before the week ends.
BRIGHTON, MI-Of six new faces at near-century-old Atwell-Hicks--which is located in this Livingston County town, just west of metro Detroit--all are younger than 40 years old.
HOLLYWOOD, FL-Weingarten Realty Investors, a Houston-based REIT, bought the 372,000-sf shopping center here for approximately $106.11 per sf. Ross Matz Investments bought the center Dec. 21, 2001, for $33 million. The center currently is 98% occupied.
MIAMI-The nearly $12 million, 97,800-sf complex, being developed on 10 acres in West Palm Beach, FL, will assist victimized children. The 13-building complex will include an administration building, a pediatric nursery, an educational development facility and eight residential buildings.
CHICAGO-The new owner of a 17,500-sf building at 1101-15 W. Washington Blvd. gets a five-year loan to buy the 99-year-old building, occupied by film and video producer High Road Productions.