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PHILADELPHIA-Patrick J. McCann, current president and COO of the West Chester, PA-based global environmental remediation firm, assumes additional responsibilities as CEO. He succeeds William L. Robertson, who will continue as board chairman. Weston became a private ESOP in 2001.
ATLANTA-Nestled in rural Cherokee County, elected officials here have approved Atlanta developer Stephen Macauley's Lakes of Holly Springs, a mixed-use project calling for 100,000 sf of retail/office/commercial and 1,250 shelter units, including 300 townhomes.
HOUSTON-The Tennessee-based ShoLodge has sold its second hotel in the Houston area and is re-flagging the remaining three to GuestHouse International. A Texas investment group, with other area hotel holdings, buys the 115-room hotel near the Galleria.
ESCONDIDO, CA-The mixed-use complex, which contains both office and retail space, celebrates its official grand opening nearly one year after ground was broken on the project.
ATLANTA-Rymer Development of Cumming, GA plans to sell retirees and college students on a 109-acre site in Dahlonega, GA, where the company is proposing 160 apartments, 70 assisted-living units and 119 attached houses.
PARIS-The 474,000-SF Crystal Park will be located in a wooded park in Neuilly-sur-Seine, one of the wealthiest suburbs of Paris and one of Europe's most sought-after locations for high-end office space.
LEXINGTON, MA-The town looks to develop the 9.6-acre parcel that currently houses its Department of Public Works. The property is situated in a prime location on Bedford Street near Routes 4 and 128. Fourteen developers have responded to the town's request for information.
MACON, GA-Highland Hills Apartments LLC will use the funds to pay off existing debt, return a portion of its equity and pay all closing costs on the loan deal. The 241-unit, 91%-leased property is 75 miles southeast of Downtown Atlanta.
DENVER-The New York-based firm reports that 2002 was a good year for the redevelopment of the former Stapleton International Airport; over 230 families now live there, with more coming.
MIAMI-US Retail Income Fund III LP of Atlanta sold the 67,425-sf, 97% leased Sheridan Square neighborhood shopping center for $7.55 million. The center, built in 1991, is anchored by a 42,112-sf Publix.