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CHICAGO-Great Lakes REIT, which specializes in Midwest commercial properties, has added significantly to its holdings by buying eight medical office buildings in metro Chicago at one swoop.
SHORT HILLS, NJ-With the title of senior vice president-leasing, the exec will move over from the company's Long Island division to take charge of a 3.8 million-sf portfolio.
SAN DIEGO, CA-In the largest office sale here this year, DRA Advisors and Landmark Asset Management pick up the two class A office facilities. Totaling 438,715 sf, the complex is nearly 90% leased.
DALLAS-Stephen B. Platt, president of Wilcox Development Services, has decided to take some time off from the real estate industry. He said quiet goodbyes yesterday. Rich Uzelac goes from Trammell Crow to Studley to help steer a national initiative.
IRVINE, CA-The developer pays $2 million for the 21,154-sf building and plans to split it into two as a means of capitalizing on demand from smaller owner-user buildings.
ATLANTA-The former vice president of franchising for Holiday Inn Worldwide, a predecessor of Six Continents here, and a 20-year veteran of the hotel industry, joins Steve Porter, new president of the London-based hotelier's Americas division, in a restructured management team.
MIAMI-With 10 years's experience in commercial real estate finance under his belt, previously working for Coral Gables, FL's Thomas D. Wood & Co., he becomes director of the real estate investment and merchant banking company.
AUSTIN-Hunt Building Corp. of El Paso, TX is the developer on the project, financed with $15 million of non-recourse bonds and 4% low-income housing tax credits. The complex is fully reserved for affordable housing.
BOSTON-The second phase of the revitalization of City Hall Plaza gets under way with the creation of a Government Center Task Force that is charged with coming up with a plan to improve the design and function of the plaza and the Government Center area.
TACOMA, WA-The city's Hillside neighborhood will see the start of two residential developments, totaling $9.7 million. The Eliza B. McCabe Townhomes and Hillside Gardens will house residents earning between $12,000 and $34,000 a year.