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LONDON-Quintain has appointed James Hamilton Stubber, currently a National Director at Jones Lang LaSalle, as Chief Operating Officer. His main responsibility will be to run Quintain's investment portfolio.
ORLANDO-Osceola County commissioners have ended a controversial development issue by approving 500 additional rooms for a total 1,539 rooms in the 10-year-old, northern Osceola County town Disney built 10 years ago, 20 miles south of Downtown Orlando.
BOULDER, CO-The 100,000-sf former headquarters of the corporate training firm CareerTrack, and later the Internet company netLibrary, is acquired by the University Corporation for Atmospheric Research.
DALLAS-The loan is a five-year, fixed-rate, interest-only product at a spread above the US Treasury. Borrowers like the terms and investors like the capital refuge with a guaranteed return while they wait out the recovery.
BALTIMORE, MD-Construction of the National Aquarium of Baltimore's $61.8-million expansion begins with an official groundbreaking ceremony at the 21-year-old Inner Harbor facility. The 12-story, 65,000-sf glass addition is expected to be open to the public in the spring of 2005.
LAS VEGAS, NV-A new report from Hendricks & Partners says the market has recuperated somewhat when compared to earlier this year, but vacancy levels and rent increases are still below last year's performance.
WEST CONSHOHOCKEN, PA-Keystone Property Trust is using some of the $31.6 million it raised in two recent stock offerings to buy back 1 million convertible preferred shares as well as redeem 300,000 convertible preferred of its operating partnership.
RICHMOND, VA-Construction of noodle manufacturer Maruchan Virginia Inc.'s new $31 million plant nears completion, and readies for activity later this month. The 100,000-sf production and warehouse addition will occupy a 30-acre parcel.
ARLINGTON HEIGHTS, IL-Dr. Salomon Dayan, Lawndale Capital Management, LLC president Andrew E. Shapiro and financial derivatives trader Kenneth M. Fell form a search committee seeking a replacement for Arlington Hospitality, Inc. president and chief executive officer Michael P. Holtz.
CANOGA PARK, CA-Recent renovations and the upside potential from existing below-market rents were keys to this deal for 135 units in at the Parthenia Plaza and Parthenia Court Apartments in the San Fernando Valley.