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LAS VEGAS-Casino titan Steve Wynn filed with the SEC today to take his company public in part to help finance Le Reve, his planned Las Vegas mega-resort. Wynn sold Mirage Resorts to MGM Grand for $6.4 billion in 2000.
BOSTON-The Boston Tenant Coalition, a group comprising representatives from most local advocates and tenant groups, kicks off a campaign to reinstate rent control in the city. The mayor remains noncommittal but developers are getting nervous.
PHILADELPHIA-A group of New York investors, identified as 11-17 West Market Street LLC, buys the 72,000-sf PNC Building at that address in Downtown Wilkes-Barre, PA from locally based-Deauville X LP. It is reportedly fully-leased.
MIAMI-The 99,000-sf Miramar Centre office building makes room for two new tenants: toy manufacturer Mattel and Allamerica Financial, which will occupy 10,000 sf and 15,000 sf, respectively.
LONDON-New research from Catella shows prime West End rents have fallen 12% in six months. And the agent reports that the City market is off 8% over the same period.
LONDON-The RICS has published a research paper advocating higher development densities around key transport nodes. The Transport Development Area concept is likely to find favour with planners and could change the nature of urban development in the UK.
OLYMPIA, WA-The Evergreen State College is hoping to construct the state's first "Gold" Leadership in Energy and Environmental Design-certified building. The goal is to utilize sustainable building principles in the facility's predesign studies.
PHILADELPHIA-Pittsburgh's baseball and football teams partner in a 25-acre mixed-use development between Heinz Field and PNC Park along the Allegheny riverfront. Columbus, OH based-Continental Real Estate will develop the $200-million, 1.2-million sf project.
SEATTLE-John Gleason joins Colliers Real Estate Management Services Group as managing director for the Pacific Northwest. Company executives say they expect continued growth in the business through his leadership.
SAN MARCOS, CA-The Campus Marketplace shopping center at the southwest corner of Discovery Street and Twin Oaks Valley Road is open for business and 90% leased.