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NEW YORK CITY-More than 300 attendees packed the Roosevelt Hotel's grand ballroom yesterday to hear a panel of real estate superstars discuss the New York City market. The hour-long session was part of New York's first RealShare Conference.
CHICAGO-The Cook County Class 6(b) property tax reductions will help Quality Croutons, Cloverhill Pastry-Vend Corp., Murrihy Pallet Co. and Robert's Sheet Metal complete $24 million worth of industrial expansions and developments.
SAN FRANCISCO-Part of the $102 million North Beach Place project will replace 229 units of public housing, so 115 units in the new 15-building project will be made available to families making up to 55% of the Bay Area's median income.
HOUSTON-Related Capital puts up $6.5 million in equity and affiliate, CharterMac, kicks in $11.9 million in exchange for revenue bonds. The capital will drive a ground-breaking within a month on the Emerald Bay Apartments in northeast Houston.
LAS VEGAS, CA-Voyager Entertainment, which says it will build the world's largest and tallest Ferris wheel, strikes a deal to sell or securitize assets to finance construction of the entertainment complex.
ATLANTA-The Oak Brook, IL-based REIT paid Lakepointe North Carolina Investment Properties LLC $5.68 million for the 27,891-sf, fully leased retail asset in Cary, NC.
HOUSTON-The doors officially swing open on the 580,875-sf high-rise, the first office building to deliver in Houston's CBD in 16 years. Last night's gala attracted hundreds of business leaders to toast the debut of the 88%-leased landmark.
ALEXANDRIA, VA-The year-old AMC Hoffman 22 multi-screen movie theater sells to Kansas City, MO's Entertainment Properties Trust in a $22 million deal. The 97,000-sf, 4,000-seat facility is among the 50 best-performing theaters in the country.
ATLANTA-The Irvine, CA-based firm adds Lexington to its roster of 40 offices nationwide and appoints three senior advisors to cover Kentucky. They are Glenda Mazurka, Steven Mazurka and Ray Woods, each with more than a decade of local-area experience.
DALLAS-Gillis Thomas and Joe Foster, both heads of namesake companies in Dallas, will be joining many of their friends and business associates Oct. 22 when they are inducted into the Hall of Fame. With their selection, the Hall of Fame numbers 50.