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LAS VEGAS-Greenwich, CT-based Gordon Group wants to exit its joint venture with Indianapolis-based Simon Property Group on its mall site adjacent to Caesar's Palace, while increasing its stake in Bloomfield Hills, MI-based Taubman Centers Inc.
CHINO, CA-A Christian fellowship known as Living Waters acquires the 37,000-sf building, which stands at 6010 Walnut in Chino. With plans to use the facility for religious services, it will relocate here when upgrades on the property are completed.
SANTA ANA, CA-MVH Daimler Properties buys the tilt-up building from a family trust. The property is in an industrial area of Santa Ana and is 100% leased to the Auto Trader, a publication that advertises autos for sale.
SAN BRUNO, CA-TMG Partners and Regis Homes of Northern California plan to jointly build an upscale mixed-use development consisting of 500 hotel rooms, two acres of open/park space, on-site retail, office space and up to 900 apartments.
AUBURN HILLS, MI-Car seating manufacturer Faurecia gets site plan approval for a 99,000-sf facility, with the possibility of later addition, on seven acres in Auburn Business Park. J.A.R. Development Co. of Farmington Hills is the developer.
NEW YORK CITY-Larry Silverstein applied for the financing to bridge the gap between the project's $1.2-billion tab and $796 million in available insurance funds. The agency also unveiled new public hearing procedures that advocates say will enable meaningful public participation.
STOUGHTON, MA-The town plans on buying the 80-acre Libby Farm property on West Street for $1.665 million. While a portion of the land can be developed, the town manager says that the town plans on preserving the site as open space.
SANTA ROSA, CA-Due to proposed staff reductions in the Human Services Department and the uncertainty of state funding, the Sonoma County's Board of Supervisors may cancel a proposed co-lease agreement.
HOUSTON-The retailer settles on an inline spot in the 407,000-sf Champions Village Center for its next Houston location. With the lease now signed, the plan is to open the store in April in the Weingarten-owned center.