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KOHALA COAST, HI-Fairmont Hotels & Resorts Inc. agrees to buy The Orchid at Mauna Lani on the Island of Hawaii from an affiliate of Colony Capital LLC. The facility will be reflagged the Fairmont Orchid in December.
TEMECULA, CA-Keeton Construction Co. Inc. completes tenant improvement construction for Pacific Century Homes' $1.05-million corporate headquarters in Temecula. The project entailed building a mezzanine with space to accommodate 27 new offices.
MANAHAWKIN, NJ-Woodmont and ORIX are teaming up to develop Manahawkin Commons, a new shopping center that will feature such tenants as T.J. Maxx 'n More, Staples, Pier 1, Atlantic Books, TGI Friday's and Michael's.
PHOENIX-York International lines up 29,556 sf in the recently completed first phase at the junction of Interstate 17 and 7th Avenue. It moves in Dec. 1 from a Tempe location. Air Tiger, coming from central Phoenix, leases 6,371 sf.
SAN FRANCISCO-According to the San Francisco Bay Area Sports Organizing Committee's Olympic bid, a $47 million tennis venue would be built at Mission College and an $830 million Olympic Village would be developed at Moffett Field. The property owners, however, say they never approved the use.
ORLANDO-Bray & Gillespie VII LLC of Daytona Beach, FL paid Chicago-based Jupiter Realty Corp. $39,063 per room for the 128-room property built in 1958 at 839 S. Atlantic Ave., an area where American industrial giants such as John D. Rockefeller, Henry M. Flagler, Jacob Astor and Jay Gould vacationed in the early 1900s.
ORLANDO-Striving to link the north and south ends of fashionable Park Avenue in suburban Winter Park, FL, Lincoln Property Co. of Florida Inc. plans to break ground in December on a renovation track that will increase the 32-year-old, six-story structure to 88,000 sf of office and 14,000 sf of retail for a total 102,000 sf.
SAN FRANCISCO-San Francisco Mayor Willie Brown publicly blasts the Board of Supervisors for playing dirty politics over his nominees to the Planning Commission, blaming the board for the delay of important development decisions.
PHILADELPHIA-The home-grown grocery chain buys 3.5 acres at the 86-acre former Quartermaster Depot. This gives Philadelphia Industrial Development Corp.'s plans to convert the excess military asset to retail a big boost and
STAMFORD, CT-New York City-based broker GVA Williams has expanded its presence into the Westchester-Connecticut marketplace with the acquisition of Chase Commercial Real Estate of Stamford, CT.