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ASBURY PARK, NJ-Asbury Partners, master developer of this city's 56-acre redevelopment tract, pays the city $3.5 million for the five decrepit structures in a deal that effectively launches the project's retail component.
CHICAGO-The upper 15 floors of the building at 22 W. Monroe St., home to the Shubert Theater at ground level, will become a moderately-priced hotel by late 2004 under a renovation planned by the Nederlander Organization, Northern Realty Group and Montclair Hotel Investors.
ORLANDO-Despite a sluggish construction market, the Jacksonville, FL-based developer is undertaking a $9.5 million, 60,000-sf build-to-suit office-educational complex for Corinthian Colleges Inc. in a new phase of Gran Park at SouthPark in south Orlando.
SUGAR LAND, TX-Family Christian Stores will relocate in August 2003 into 5,000 sf at Town Center Lakeside, a $70-million center on 43 acres in the First Colony neighborhood. The bookstore will vacate 2,000 sf in the same submarket.
SAO PAULO, BRAZIL-The firm has appointed Celina Antunes as CEO of South American operations, marking the first woman to climb to C-Suite status at the firm. Based in Sao Paulo, Brazil, she will oversee all of C&W's expansion plans throughout the continent.
ATLANTIC CITY-The combination of the two adjacent properties creates this city's biggest hotel/casino with more than 1,750 rooms and almost 180,000 sf of casino space.
ROCKVILLE, MD- The commercial mortgage company continues to make great progress in restabilizing itself following its 2001 emergence from bankruptcy, as evidenced by investments that will ultimately allow the company to pay $353 million on its debts.
LUXEMBOURG-The $270 million purchase of the Belgian property company Banimmo by the Lend Lease Global Properties fund completes the funds $1.5 billion investment programme in Europe and Asia.