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PHOENIX-David M. Stone, with 17 years' experience in mining, has been added to the new mining and metals specialty group launched in CB Richard Ellis' Phoenix office. Stone was president of Minefill Services Inc.
LONDON-Leisure property specialists have called for reform of Britain's licensing laws, with a streamlined approval system to allow developers and operators more certainty. But the survey from the Leisure Property Forum found little support for total deregulation.
DENVER-Five townhomes under construction by KB Home Colorado in Erie, CO are for sale on the web site at minimum bids ranging from $174,955 to $188,516.
BEVERLY HILS, CA-GE Capital Commercial Finance renews a 15,000-sf lease in The Beverly Atrium, an Arden Realty building. GE has been in the building about nine years and had about a year remaining on its old lease.
LONDON-After six years of delay and political wrangling, work will begin next week on the world's most expensive stadium at Wembley in north London. The new 90,000-seat Wembley Stadium will cost pounds 757 million ($1.2 billion).
PLANO, TX-FM Global, Ford Motor Co. and North Texas newcomer GreenPoint Mortgage lease for the long term at the 250,000-sf office building. The trio boosts occupancy to 65% and two get their names at the roofline.
McKINNEY, TX-The 210,895-sf McKinney Marketplace gets a new deal and an expansion from an existing tenant as owner JDN Realty ramps up plans to start on a second phase. For Weitzman, it's the first deal for a relatively new assignment.
WEST CREEK, VA-Motorola Inc. announces it will not build the $3-billion semiconductor facility that has been in the works--off and on--since 1995. Now the 362-acre property acquired for the planned 1.5-million-sf facility at West Creek Business Park goes on the market.
WESTWOOD, CA-The office building on Santa Monica Boulevard is 32% vacant. The four-story, steel-frame structure was built in 1985. A remodel is planned.
ESCONDIDO, CA-Known as the Escondido Valley Center, the property stands at 1348-1366 West Valley Parkway. Encompassing 46,110 sf, it is anchored by Sports Authority, Staples and Tweeter.