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LOS ANGELES, CA-Developer Rob Maguire's company, owner of trophy Downtown L.A. properties, will form a real estate investment trust to be known as Maguire Properties Inc., according to the company's filing with the Securities and Exchange Commission.
BELLEVUE, WA-The real estate investment enterprise names Tom Woodworth investment director, development for the local corporate office. He will take the lead in acquiring, developing, redeveloping and repositioning real estate in the greater Seattle area.
NEW YORK CITY-JBC Fund I--managed by Chicago-based John Buck Co.--is teaming with Madison Equities to bring JBC's first Manhattan project out of the ground next year. The luxury apartment building will add 193 units to the city's multifamily inventory.
ORLANDO-A new analysis by Marcus & Millichap Real Estate Investment Co. of Florida paints a rosy picture of metro Orlando's 49- million-sf inventory, particularly in single-tenant, net lease sales.
LONDON-Arthur de Haast, the London-based European CEO of Jones Lang LaSalle Hotels, is to step up to become the firm's Global CEO, replacing Australian Peter Barge from January 2003.
LONDON-Redevco UK, the Brenninkmeyer family's property company, has raised pounds 51.4 million ($82 million) with the sale of a portfolio of ten retail properties to Standard Life Investments.
PHILADELPHIA-A four-story, 104,000-sf class-A office building, constructed by Plymouth Meeting, PA-based Brandywine Realty Trust at First Avenue Corporate Center, is made of recycled, recyclable and renewable materials deemed environmentally safe.
PORTLAND-An executive report to the Portland Development Commission says Regal Entertainment Group this week announced plans to finish and operate a never-completed 32,000-sf movie theater on the top floor of The Rouse Co.'s Pioneer Place II retail development in Downtown Portland.
PHOENIX-Washington Mutual and Paine Webber expand their offices at the Camelback Corridor landmark, which also rolled five newcomers onto the tenant roster. Washington Mutual picked up an extra 7,222 sf and Paine Webber, 2,500 sf.