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PALO VERDE, AZ-The nation's largest power plant, a 4,000-acre compound, remains under heavy guard as a result of intelligence reports. Operated by the Arizona Public Service, the nuclear generating station supplies six states.
SOUTHFIELD, MI-LDMI completes takeover of Mpower Communications in Michigan and Ohio, county executive says. The company is a significant addition to the area.
LONDON-Final figures from the authoritative IPD Index show that property produced total returns of 9.7% in 2002, comfortably outperforming bonds, equities and cash.
WEST PALM BEACH, FL-The buyer obtained $4.2 million in financing for the 41,429-sf, mid-rise Congress Center North building here, which is 100% leased to three tenants. SouthTrust Bank arranged the fixed-rate financing for the acquisition.
ORLANDO-David S. Gray will manage the brokerage's three-city Valuation Services Division in Orlando, Tampa and Fort Lauderdale. He will continue to be part of the company's Hospitality Industry Group.
NEW YORK CITY-Andrew M. Peretz leaves his longtime position with I/ESG for an executive director spot at Cushman & Wakefield. Considered a Lower Manhattan specialist, the 15-year industry veteran is based Downtown at the firm's Pine Street offices.
MESA, AZ-The Wong Family of Los Angeles buys the 32-unit Lindsay Villas just five days after it hit the market, spending close to $1.9 million for its first multifamily deed in Arizona to satisfy the exchange.
DIXON, CA-CSS Properties LLC sells an 11,520-sf tilt-up building here net to John H. Olson Family Limited Partnership. The building is net leased to Phoenix Schools for the next 14 years.
HOUSTON-The 1201 Louisiana passes the lender's table for the second refinancing since 2001. The San Francisco borrower gets a lower interest rate and more capital from the retooled five-year loan through Cigna Investments.