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ALBANY-In a move that expands public access to the Hudson River, Governor George Pataki reports the state has acquired 240 acres of land around Hudson Highlands State Park in Westchester and Putnam counties.
ORANGE COUNTY, CA-Levy Affiliated Holdings acquires the four-building portfolio. Encompassing a total of 115,544 sf, it consists of medical facilities located in Huntington Beach, Compton, Anaheim and Downey.
PORT ARTHUR, TX-Lone Star Marine Services sells the property, which includes 60,586 sf of support buildings, to Port Arthur's R&R Marine Maintenance. The facility has deep-water access to the Intracoastal waterway.
DENVER-Fuller and Co. pegs the vacancy rate at 7.7%, but it rises nearly one full percentage point when 1.8 million sf of sublease space is added to the equation.
ATLANTA-Signaling expansion of its commercial property management services, Nashville-based Crye-Leike hires affiliate broker Karen Will to handle commercial properties ranging from class-A office complexes to retail strip centers throughout the Nashville, Chattanooga area. She came from San Antonio, TX-based NAI/Rohde.
CHICAGO-Up to 40 million sf of new office space, 7 million sf of retail space and 40,000 multifamily units could be coming to the Downtown area by 2020, and the city proposes a plan to handle it featuring an emphasis on mass transit and green space.
PHILADELPHIA-Allegheny County will build a 200,000-sf, eight-story office building in Downtown Pittsburgh at the site of the former county jail annex. Demolition of the annex begins in May 2003 and occupancy of the offices is set for late 2005.
MIAMI-The equity senior debt loan of $78.78 million to Athena Karlton SOBE LLC was for the acquisition and conversion of the 36-story, 399-unit Waverly at South Beach apartment tower in a deal with Orlando-based ZOM South Beach Ltd.
NEW BRUNSWICK, NJ-The acquisition of Riverside Tower Apartments marks the company's second this year in Middlesex County. The asset joins a portfolio that now totals some 24,000 residential units.
WASHINGTON, DC-MeriStar Hotels & Resorts assigns the leases of 47 hotels, owned by Winston Hotels, to a Winston subsidiary for $17 million. MeriStar will continue to manage 39 of the hotels and will use the funds to reduce its senior secured credit facility.