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GARLAND, TX-United Equities hawks its last pad site in the redeveloped 125,000-sf Ridgewood Village. Ground breaks this week on a 12,000-sf CVS Pharmacy. At Broadmoor Village, MJDesigns targets 25,000 sf for its next location.
ANAHEIM, CA-The publicly traded technology company, based here since 1984, sells its 257,840-sf, two-building headquarters to 1515 South Manchester LLC for $22.6 million and then leases back 179,000-sf.
LONDON-Developer Minerva has made a planning application for the City's first million-sf building on the St Botolph's site on the eastern fringe of the City. The Grimshaw-designed Minerva Building will feature two towers, one of 650 ft.
ATLANTIC CITY, NJ-The money will be used by Park Place Entertainment to redevelop the struggling Ocean One retail center on the boardwalk into an upscale shopping and entertainment complex.
WESLEY CHAPEL, FL-The Pasco County Commission has just given the go ahead for the proposed Cypress Creek development, a multi-faceted project that would bring a hotel, office space, retail space and residential units to the largely undeveloped area.
ORLANDO-Strong advance bookings prompt Loews Hotels officials to throw open the doors of its Royal Pacific Resort at Universal Orlando ahead of schedule, abandoning plans to hold a soft opening of the property over several weeks.
CHICAGO-San Francisco-based Grosvenor USA Limited adds another Magnificent Mile asset, paying $755 per sf for four levels of retail space in the renovated Allerton Crowne Plaza at 701 N. Michigan Ave., where Brooks Brothers and Enzo Angiolini have shops.
PHOENIX-The office market's steep vacancy climb of recent quarters appears to be over. The overall rate rose just 0.85%, according to preliminary information from Insignia/ESG's Phoenix office. Construction too is in check.
NEW YORK CITY-The appliance retailer has signed a 20-year lease for ground-floor space at 2 Fordham Square, which is owned by a JV of Howard Parnes and the Jemal and Houlihan families.