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LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.
DENVER-Although retail sales dipped in September, it was less than previous months, experts note, while the area unemployment rate remains steady. Some foresee a strong finish to the year.
SCOTTSDALE, AZ-Gilbertson Associates is so taken by the building's appeal that it signs a seven-year lease at nearly $24 per sf for 11,000 sf at the Princess II. The irm will relocate from Scottsdale Airpark.
NATICK, MA-A rezoning of the Tech Commons site on Speen Street means that Chicago-based General Growth Properties can expand the adjacent Natick Mall, a $450-million project that will result in a two-million-sf shopping center.
BOSTON-Konover & Associates Inc.'s sale of its 4.2 million sf retail portfolio for $250 million to a joint venture between Edens & Avant and Samuels & Associates is nearly complete with closings done on 27 of the 35 properties.
ROUND ROCK, TX-Robert Wunsch of RDW Development is ready to build on his La Frontera land. The tract, once destined for an office building, will now house 41,000 sf of high-end retail. Bank One and Tweeter already are signed.
DETROIT-The outgoing head of Michigan Economic Development Corp., one of the most successful development assistance programs in the country, leaves for a private-sector job overseeing the automaker's 350-million-sf real estate portfolio.
DULLES, VA-Three new retailers have opened their doors in the 1.4 million-sf Dulles Town Center shopping mall, and another plans a 2003 debut in a 21,000-sf space. The four new stores are located in the newest wing of the three-year-old property.
SAN ANTONIO-Tomorrow, the Rouse Cos. and USAA will get the crews going on the long-awaited Shops at La Cantera. The northwest submarket center, part of a 1,677-acre development, is carrying a fall 2004 opening date.