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NEW YORK CITY-The real estate industry's summer of discontent sees yet another high-ranking broker hit the bricks. Former C&W executive director Michael Burgio is now an executive managing director over at archrival I/ESG.
JERSEY CITY-Barrett Builders heads construction for MCST Preferred Transportation within Greenville Yards, an industrial park currently rising on a 50-acre former brownfield site.
CHICAGO-Of the 14,266 multifamily units started in the year ending June 2002, 56% were for condominiums and townhomes, by far the largest percentage among US markets, reports Property & Portfolio Research real estate economist Nancy Chesley.
ROSEMONT, IL-Michael J. O'Hanlon, whose career includes local posts with Cushman & Wakefield, syndication pioneer Balcor Co. and Citibank, returns to Chicago after three years in Dallas to head the real estate services firm's north central region.
VICTORVILLE, CA-The aircraft engine manufacturer will build a 161,700-sf complex that will include a Boeing 747 aircraft hangar. The site is Southern California Logisitics Airport, the former George Air Force Base.
ATLANTA-The London-based hotelier leases one of three class-A office buildings in Great Oaks Center, owned by locally based Holder Properties. The five-year lease takes the building to 100% occupancy. According to published reports, the rental rate is $16.50 per sf.
PORTLAND-Tuck Wilson, a specialist in managing public projects including the westside light-rail line, will take over the redevelopment of Columbia Villa, a World War II-era public housing project in North Portland. He replaces Ed McNamara, who left in June to start his own development business.
ORANGE, CA-Drawer Box Specialties, a provider of custom-made drawers, inks a $1.6-million lease to occupy industrial space in Orange. The new tenant will move into Unit A of 1482 Batavia St. in October.
PHILADELPHIA-Valley Forge, PA-based Morrissey Partners is named rental agent for a 124,000-sf property at the 15-acre Valley Forge Corporate Center on its home turf and a new 32,000-sf building adjacent the Eagleview Corporate Center in Lionville, PA.
ORLANDO-Osceola Circuit Judge Jeffords D. Miller has ruled the 50-member Orlando/Kissimmee Hotel Motel Association can't interfere with contract negotiations the county is having with Orlando-based Xentury City Development Co. to erect a $100 million, 500,000-sf convention center on Osceola Parkway and International Drive South, minutes from Walt Disney World.