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CORONADO, CA-The City Council stalls a decision on the Hotel del Coronado's expansion plan. The council will reconsider the 20-year plan in two weeks after receiving more community feedback of the hotel's plans for public beach access.
NEW YORK CITY-Wilmer, Cutler & Pickering grows out of its 520 Madison Ave. space and signs a long-term lease on Park Avenue. It's the second expansion in two years for the Washington, DC-based law firm, which could wind up occupying up to 122,000 sf at the new property.
TROY, MI-Bankruptcy and 285 store closings continue to hurt the locally-based retailer, making for difficult recovery of space, says Erica Leebove, senior market analyst for
SOUTHFIELD, MI-The four-building, 97,000-sf Bridge Industrial complex commands more than $4 million after being put on the market by Marcus & Millichap Real Estate Investment Co. A building twice that size also sells in Highland Park, MI.
MESA, AZ-Three months free rent, better location for employees and turn-key TIs bait a relocation from Camelback Road to the Mesa Financial Center. The tenant signed a 63-month contract to win the perks.
BOSTON-A $9.6-million bridge loan is arranged for Le Jardin Condominiums at 250 Boylston St. The project consists of eight luxury residential units and a retail unit and is located between the Four Seasons Hotel and The Heritage on The Garden overlooking the Boston Public Garden.
HOUSTON-Liberty Supply heads into 29,200 sf at 4599 S. Wayside Dr., a ProLogis Trust property, while Hedwin Corp. renews its 16,012-sf space in a First Industrial holding at 5781 Eastpark Dr.
LONDON-A partnership between Bank of Scotland & City & General has splashed out on a central Leeds office building at a yield of 7.42% to acquire the landmark 67,675 sf space.
ROCKVILLE, MD-Federal Realty Investment Trust decides to sell 1.9 million common shares of beneficial interest to Wachovia Securities. The real estate company plans to use the expected $49 million in net proceeds for current redevelopment projects and acquisitions in metropolitan markets.
ORLANDO-The wholly owned subsidiary of Vancouver, BC-based Intrawest Corp. is acquiring 800 Travel Systems Inc.'s call center, websites, URLs and Prestige Travel Systems, an 800-related company.