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PORTLAND-Shilo Inn founder Mark Hemstreet puts on the market five more of his 27 hotels currently being protected from creditors through Chapter 11 bankruptcy filings. Half of the bankrupt hotels are now on the market.
DENVER-Parking meter hours will remain at the current 8 a.m. to 10 p.m. However, rates will increase from $1 per hour to $1.50 per hour, while parking pay stations will be added.
TEMPE, AZ-In Tempe, the sold item is a 26,000-sf building on the east side of town that went for $1.4 million. In Glendale, it's a 15,722-sf holding along West Augusta Avenue. Its selling price was $850,000.
LONDON-CB Richard Ellis has entered the real estate market in Finland, its 47th country, by making a strategic alliance with local firm Tallberg Toimitilajohto
WOBURN, MA-JAI Camera Solutions relocates its US offices to 800 West Cummings Park. The company, which manufactures and supplies cameras for automated imaging and general imaging/surveillance markets, wants to be closer to other major companies in the industry.
SCHAUMBURG, IL-Providence, RI-based land use planner and author Randall Arendt tells GlobeSt.com the Midwest, and Chicago area in particular, are relatively progressive markets compared to other areas of the US when it comes to commercial development.
FORT WORTH-The 11-year economic impact hits $19.1 billion, up a whopping $3.7 billion just in 2001. AllianceTexas didn't totally sidestep the recession, but it's still posting a net gain, says Mike Berry, Hillwood Properties' president.
MOORPARK, CA-Ventura County developer Grand Moorpark LLC plans to begin work on the 48,000-sf two-story medical and office building by September of this year, with a completion date scheduled for the end of the second quarter 2003.
LONDON-Retailers elsewhere in Docklands look on with envy as a business rates review at Canary Wharf shops knocks more than 40-pc off its local tax bill