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SEATTLE-Net Income for the fourth quarter 2002 was $17.0 million, an 87% increase over net income of $9.1 million in the fourth quarter 2001. Year-end profits jumped even higher, rising 94% from year-end 2001 to $67.6 million.
LAKE FOREST, CA-NewCommercenter LLC buys the 36,573-sf building in Pacific Corporate Park from Triple Net Properties of Santa Ana. It's the third building to trade in three months in the six-building office development.
ATLANTA-This city will be getting its 13th Fortune 500 company when the Freeport, IL-based manufacturer opens its headquarters and leadership training center at an estimated 300,000-sf complex in North Fulton County in late 2004.
NEW YORK CITY-Hours after GlobeSt.com's story revealing that CB Richard Ellis has entered into an agreement to buy Insignia Financial Group, a statement from the Insignia camp confirms the talks but says there's no deal in place.
CAMARILLO, CA-Voice Print International takes the deed to a 30,855-sf industrial building that will serve as its new headquarters, employing 100 workers. The building sits on 1.6 acres at 975 Flynn Rd.
LONDON-BAA Lynton has signed an agreement with Jurys Doyle Hotel Group for the development of a new Jurys Inn three-star hotel at Hatton Cross, Heathrow. It will be the first three-star limited service hotel to be developed on-airport at Heathrow.
SUNNY ISLES BEACH, FL-Michael Lustigman, whose father is also involved in development in South Florida, has been named vice president of operations for Sayan, a $49 million, 30-story luxury condominium project expected to break ground here in June in Sunny Isles Beach, FL.
DALLAS-Bob Bradshaw joins the team as vice president of business development. The veterans in town know his history: four decades of Dallas-Fort Worth deals, mostly spent developing the Great Southwest and Las Colinas.
ATLANTIC CITY, NJ-Park Place has put the brakes on a 1,000-room hotel tower and a 3,000-car parking garage in the wake of Gov. McGreevey's plan to hike casino taxes.