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SEATTLE-Over the next 90 days, the Fresno, Calif.-based regional retailer will close four stores in the Seattle-Metro area, one in Wenatchee, Wash. and one in Corvallis, Ore. The moves are part of a larger cost-cutting plan announced this week.
AUSTIN-John Q. Hammons taps Austin's Wayport to deliver high-speed Internet access to 12,473 rooms by July. The Springfield, MO-based hotelier joins a Wayport roster that includes Loews, Wyndham, Hilton and Marriott.
SANTA CLARITA, CA-An Encino, CA-based investor, acquires the 220,000-sf shopping center from Forest Family Partners, also of Encino. The plaza, boasting a roster of national retail names, was 98% leased at sale time.
HOUSTON-CNC Investments Ltd. beats 14 others lined up for the Forest Apartments, a gated community in North Houston. Seller AIMCO brought the complex to market without a minimum so the heated bidding set the stage for a good return.
MESA, AZ-Paul and Kelly Brock of San Jose become first-time Arizona buyers with the acquisition of the 27-unit Hampton Court apartments at 426 W. 9th St. in Mesa. Seller O'Carroll Properties is selling to focus on redevelopment and new construction.
ALISO VIEJO, CA-The North Bergen, NJ-based retailer taps Aliso Viejo for its first Southern California store, kicking off two-year roll-out for 40 stores in the region. Another 20 stores are being mapped for Northern California.
MESA, AZ-David L. Winston of Sherman Oaks, CA had the 1031 Exchange money and his broker had the deal, an apartment complex now in receivership with its owner in jail. An unsolicited offer of $1.7 million seats the parties at the closing table.
NEW YORK CITY-The competition to redevelop the World Trade Center site is expected to be narrowed today when a committee led by the Lower Manhattan Development Corp. announces its two selections during a press conference to be held Downtown at 1pm EST.
BOSTON-Getty Realty Corp. acquires 42 retail service station and convenience store properties in Massachusetts and Rhode Island for just over $13 million. The properties are currently leased by Getty Realty.
DENVER-The average price of a condo sold and closed in the Denver-area for January 2003 soared to new heights. Even in a sluggish economy, consumers still see ownership as a great alternative to renting.