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PHOENIX-Hotel mogul John Q. Hammons receives the award for lifetime achievements. The conference also is the launch pad for the 83-year-old hotelier to hand out copies of his biographical book that details his rise from the Depression era.
BALTIMORE METRO-Rochester, NY-based REIT Home Properties announces two recent apartment complex acquisitions totaling $115 million. The purchases in Gaithersburg and Greenbelt, MD add 1,455 residential units to the company's growing portfolio.
PHOENIX-Rick L. Weddle, president and CEO of the Greater Phoenix Economic Council, is selected to be the first chairman of the international EDC. Weddle was treasurer of the group.
BALTIMORE, MD-The 220,000-sf Bond Street Wharf office building gets a new tenant as its designer, architectural firm RTKL Assoc., moves its headquarters to a 50,000-sf space in the 220,000-sf warehouse-style structure.
ATLANTA-The locally based REIT bought the properties for about $108.66 per sf from the San Diego, CA-based developer. The fully leased, class A properties are in Des Moines, IA; Plano, TX, and Colorado Springs, CO.
PHILADELPHIA-The Cincinnati-based bank is set to close on a site in suburban Madisonville, OH, for its 598,500-sf customer service and office facility. Ohio's Tax Credit Authority offered a 60% tax credit over 10 years to keep the facility at home.
DALLAS-Wachovia Securities' search for class A space in North Dallas ends in a 10,972-sf lease for One Galleria Tower. The top-name tenant takes its keys before November in a relocation from One Lincoln Centre.
WOODBRIDGE, NJ-NJSEA head George Zoffinger shared his frustrations about developing the Continental Airlines Arena project at the RealShare New Jersey Conference yesterday. Meanwhile, a group of heavy hitters admitted that the state's office sector continues to soften, with vacancy rates approaching 20%.
LONDON-DCT Gdansk is preparing to build a container port in Gdansk, Poland, subject to permission from the Polish treasury ministry and ministry of infrastructure.
SAN JUAN CAPISTRANO, CA-An industrial property here and another in Corona trade hands in the latest round of owner-user deals. The buyers are Pacific Supply Co. and DC Sports.