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CHICAGO-Penny Pritzker refuses to abandon the Hyatt Center project despite a total redesign following the Sept. 11, 2001 terrorist attacks on the US, or when an eventual anchor tenant expresses doubts the development will ever get off the ground.
LYNDHURST, NJ-The repositioned 138,300-sf building formerly known as Meadowview Corporate Center is owned by ING Realty Partners and Lincoln Property Co.
NEW YORK CITY-Five months after departing his post as Grubb & Ellis COO, Mark Costello is about to take up his old duties as partner in Ernst & Young's real estate advisory operation. Scheduled to return next week, Costello will report to managing partner Mark Smith.
CHINO, CA-The complex, known as Mountain Village Plaza, was 95% occupied at the time of sale. Encompassing approximately 100,000 sf, the neighborhood retail center stands at 12801-12887 Mountain Ave. in Chino.
MATAWAN/ABERDEEN, NJ-The Station Plaza mixed-use project figures to establish a new commercial and residential focal point in northern Monmouth County. No wonder, given its size and complexity.
LOS ANGELES, CA-The partnership that owns the 545,000-sf office and retail project in the Miracle Mile district, whose principals include longtime L.A. developer Jerry Snyder, obtain a loan arranged by Sonnenblick-Eichner Co.
PHOENIX-Vacancy will drop and rents will rise in metro Phoenix, says Marcus & Millichap in its 2003 forecast. The positive outlook calls for 42,000 more jobs and an influx of more residents to spur the economy.
HOUSTON-The Houston manufacturer gets seven acres in North Houston in a deal that takes the firm from tenant to building owner. Welding Outlets' plan, says the broker, is to expand its footprint in the market after it moves into the purchase.
ALAMEDA, CA-More than $40 million has been set aside for library projects, after the California Public Library Construction and Renovation Board matched state grants for several Bay Area projects.
DALLAS-Westbrook swaps a $345-million check for 11 hotels. Before the month ends, another $108 million will change hands for two more Wyndham properties. Stay tuned, GlobeSt.com is told, yet another closing is coming "in the near future.