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PHOENIX-Greater Phoenix Income Properties, owner of the 274-unit Desert Sky complex, slides in to grab the sister complex within two days of the owner's decision to sell. With the quick reaction, the 216-unit Desert Wind never hit the market.
DETROIT-MEDC partnership kicks off a competitive funding program in which 10 communities will receive professional consulting to assist downtown leaders with formulating a plan to address economic development challenges and encourage downtown economic growth.
RYE BROOK, NY-An official with Reckson Associates Realty Corp. says he expects that bankrupt telecommunications giant WorldCom could give back between 30,000 to 120,000 sf of space at its Rye Brook property as part of its company-wide facility consolidation plan.
ORLANDO-The vice president/manager received Fidelity's 2002 Highest Pre-Tax Profit Agency Operations Award for increasing profits in the Southeast region to $5.79 million in 2002 from $3.2 million in 2001.
PERTH AMBOY, NJ-The groundbreaking for the $20-million redevelopment project was also an occasion to announce that an apparel company will take more than half of the projected build-out space.
MIAMI-The company leased 8,000 sf of restaurant space at 4285 W. Atlantic Ave. in Delray Beach, FL--the former site of The Rod and Gun Restaurant--to open a Boomerang Steakhouse and Lounge.
SAN DIEGO-Buyer LMC-Camino Santa Fe LLC plans to hold the industrial facility as an investment. Encompassing 28,444 sf, it is located at 9180 Camino Santa Fe.
ROCHESTER HILLS, MI- Jacobson's bankruptcy kills Great Oaks Mall leaving Duke Humphries' restaurant to find real estate nearby, says parent company owner.