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LAS VEGAS, NV-The transaction includes three retail centers, a high-rise office tower and a 472-unit apartment complex. The seller says it will reinvest proceeds in new developments in Las Vegas.
SAN FRANCISCO-The city's available inventory remained high yet showed signs of stability, at 20.18% from 20.17% compared to the second quarter, accoridng to a just-released third quarter report from Insignia/ESG.
SPOKANE, WA-The locally based hotel owner, manager and franchiser says total revenues for increased 64.5% from $33.8 million in the third quarter of 2001 to $55.7 million in the same period of 2002, while earnings before interest, taxes depreciation and amortization jumped from 18.8% to $12 million.
PRINCE WILLIAM COUNTY, VA-Comcast Cable Communications opens its new $21.5-million technology support center in the Innovation @ Prince William business park. The Philadelphia-headquartered cable company chose Virginia over Maryland and Michigan.
CHICAGO-Work has begun on redeveloping over 100 acres of the enormous former U.S. Steel South Works in Chicago. The site will be home to a new Solo Cup factory by 2004; a lakefront park is also under way nearby.
LONDON-Scottish Widows Investment Partnership has leased the first 18,000 sf in its 105,000-sf office refurbishment at 1000 Great West Road in Brentford, West London.
HOUSTON-The duet's second Houston project, 3000 Sage, will break ground in Q4. The 4 1/2-acre site and its 30-story, under-construction neighbor carve a high-end residential niche just a block from the Galleria's all-star shops.
ATLANTA-Konover shareholders will vote on an estimated $200 million merger with PSCO Acquisition Corp., a newly formed company owned by Prometheus Southeast Retail Trust and a Kimco Realty Corp. subsidiary.
WASHINGTON, DC-Contractors say the 150-million building that will sit at 901 New York Ave. is going up fast, with construction moving forward as planned. The 530,000-sf building is pre-leasing almost as quickly--leasing capacity is already at 65% in anticipation for the 2004 completion.
NEW YORK CITY-Exchange chairman Richard Grasso is in serious negotiations with the Bloomberg administration to locate a second trading floor within the city limits and says any other site would be a "last of last resorts.