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DENVER-Vail Resorts suggests a deal between the city of Denver and Vancouver-based Intrawest in a deal involving development of the base of Winter Park violates non-compete clauses in contracts between the two companies.
MIAMI-Owner CSC Brazilian LP plans to convert the 76-year-old, 103-room hotel in Palm Beach into luxury condominiums after investing $10 million into ongoing renovations. The late Gary Cooper, Cary Grant and Richard Nixon have been among the property's guests.
DETROIT-Agree Realty Corp. buys a parcel in Big Rapids, MI to build a $3.9-million retail center while the 173,000-sf Shiloh building sells to the parent company of Plastech Engineered Products.
PHOENIX-Karl Polen has stepped into the executive role for the Pivotal Group. Polen, a member of the Governor's Water Management Commission, exits the CFO's job for Robson Communities with the shift.
CHICAGO-Firms that once determined their space needs using a ratio of 900 sf per attorney or more are cutting back, with 70% allocating less than 800 sf per attorney, according to a report by Julien J. Studley, Inc.
FOOTHILL RANCH, CA-The Newport Beach investment firm buys the 208,620-sf, recently completed Foothill Plaza office center from an affiliate of Searles DevCorp., also of Newport Beach, with plans to finance its lease-up for a future sale.
WEST CHESTER, PA-The expansion at Matlack Industrial Park will house the audiovisual firm's growing AV equipment rental business, which includes a project at Princeton University.
CHICAGO-Faced with a revenue shortfall, Mayor Richard M. Daley seeks to put the brakes on property tax assessment reductions sought by owners of larger properties, saying the appeals could cost local taxing bodies $265 million.
MIAMI-The company will continue to occupy the 36,000-sf in Pompano Beach, FL, for a year, at which time the new Fort Lauderdale owners will find another tenant.
MESQUITE, TX-Pleasant Grove Baptist Temple has spent more than $1.5 million for the 36,585-sf building on 6.47 acres at 4346 N. Galloway in Mesquite. Three more of the Food Lion stock is sitting with title companies.