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WHITE PLAINS-An affiliate of Cappelli Enterprises of Valhalla has closed on the $13.9 million sale of a parcel in downtown White Plains where it plans to build a $300-million mixed-use development that will include a Westin hotel, luxury condominiums and an office tower.
SAN FRANCISCO-Forest City's grandiose plan to build a 1.2 million-sf project that includes a Bloomingdale's, retail shops and office space at the former Emporium store on Market Street is picking up the pace, as new plans were revealed on Thursday.
SAN DIEGO-Locally based Pan Pacific Retail Properties, the largest neighborhood shopping REIT on the West Coast, calls 2002 one of its strongest years on record.
PHILADELPHIA-Standard & Poor's gives the Philadelphia Housing Authority its highest rating, "strong." While praising PHA's management and vision, S&P also sites distressed areas of the city and "overwhelming tasks" ahead. PHA operates 15,749 family and elderly units in 44 developments.
NEW YORK CITY-Per the recent shuffle, Peter J. Davoren, former senior VP at Turner, was appointed president of locally based Turner Construction Company. He succeeds Robert E. Fee, who will retain his role of CEO.
SAN JOSE, CA-A former brokerage producer with CRESA Partners has accepted a new position as senior managing director of Cushman & Wakefield's San Jose office, where he began his career more than a decade ago.
ARLINGTON, VA-Mills Corp. completes its acquisition of five shopping centers in a $532-million transaction with seller Cadillac Fairview. The multi-faceted deal also includes 110 acres of undeveloped land adjacent to the properties.
SCOTTSDALE, AZ-The five-year tenant extends a lease and adds 2,109 sf to its bottom line for the Gainey Ranch Financial Center, a three-story building in one of Scottsdale's premier office parks.
DALLAS-Farmers Insurance Exchange heads into 10,184 sf in Plano. Right Management renews and expands for a total of 16,656 sf in Richardson. Odell Associates takes 10,639 sf in Dallas. Two are five-year deals and one runs for 10 years.