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MARTINEZ, CA-Although angry residents are doing their best to keep Sun Care Systems' proposed development out of Martinez, the Contra Costa County board of supervisors leans in the developer's favor.
BOSTON-Locally based Charlesbank Capital Partners, LLC, forms an investment venture with Raleigh, NC-based Winston Hotels to acquire more than $100 million worth of hotel properties. The unit will focus on assets in need of fresh capital and aggressive management.
ALLEN PARK, MI-The carmaker wants its property back for office and retail use. Ford would use a large brownfield development grant from the state to clean up land and adjacent dump areas.
MIRAMAR, FL-The 21 acres of land, located here at Miramar Park Plaza, were sold to Target for $6.6 million. The retail chain plans to build a 175,000-sf SuperTarget at the site.
THE WOODLANDS, TX-Ace Technologies will relocate its Woodlands team into office space that's been dark for nearly a year. The firm is poised for an immediate move into 8707 Technology Forest Dr.
DEARBORN, MI-The automaker is installing wetlands and other environmentally sound features around and on top of the 1.1-million-sf Ford Rouge Center truck assembly plant. The work is expected to save the company $35 million a year.
PORTLAND-ScanlanKemperBard Cos. acquires 283,874 sf in three historic buildings--the American Bank Building, Jackson Tower and the Mohawk Building. Some 30% of the buildings' income is derived from ground-floor retail, which comprises just 17% of the buildings' total square footage.
AUSTIN-Royce Lacey of NAI Commercial Industrial Properties is named outstanding tenant representative and David Sheldon of Atlantis Properties is accorded the top award as a building owner's representative in first-time honors by the local chapter.
SEATTLE-A new Extended Stay America Efficiency Studios hotel opens its doors for business in Seattle, marking the first property here for Extended Stay America Inc. The three-story, 131-room hotel is located at 13330 Stone Ave. North.
PHILADELPHIA-A fourth-quarter survey of lenders by Phoenix Management Services finds widespread belief the US is experiencing significant over-valuation of real estate. If the bubble bursts, they warn, fallout will affect both the commercial and residential markets.