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OGUNQUIT, ME-The family of Barbara Merrill sells the Norseman Resort, Seacastles Resort, and the Ogunquit River Plantation for $18 million to Lafayette Hotels of Bangor, ME. The three properties were on the market for a year and a half and total 225 rooms.
LONG BEACH, CA-The $75 million CityPlace project's retail component is underway with a spring 2003 completion date. The 221-unit residential-over-retail development includes 450,000 sf of retail and restaurant space.
LONDON-Global distribution property specialist ProLogis has entered the Scandinavian market. Its European Properties Fund has agreed a sale and leaseback with the European distribution group DFDS Transport on a 215,000-sf warehouse at Norrkoping, Sweden.
MARIN, CA-Passport Resorts was awarded the contract to develop a conference center at the historical Fort Baker in Marin. The developer plans to build a 156-room center with an additional 20,000-sf of development.
MIAMI-The 65-year-old, 40-room property on Ocean Drive in south Miami Beach is growing to 91 rooms to be designed by Jacque Garcia, the Paris interior specialist who designed the Danube restaurant in New York City and Le Passage lounge in Chicago. The shuttered hotel will open in fall 2003.
LONDON-With most of the world gearing up for a month long feast of football, the UK has another distraction in the form of the 50th anniversary of Queen Elizabeth II's coronation. A new report from King Sturge looks back at the way the property sector has changed since 1952.
TOLLESON, AZ-Centex construction crews complete another manufacturing facility for Western Container, a Coca-Cola affiliate. The Arizona project, though smaller, is similar in design to one in Mississippi.
SAN DIEGO-Commercial markets have made it through the first part of the year pretty well considering the economic turmoil of late last year, according to a report released by Burnham Real Estate Services.
RANCHO CUCAMONGA, CA-EPD Wearnes will be moving into the industrial building, located at 10730 Bell Court here, by July 2002. It plans some office build out, adding another floor of office space to bring the total office square footage to nearly 3,600.
NORTH BERGEN, NJ-The fast-growing retail chain, which recently opened its 100th store, will stay in its current hometown with the deal to occupy the combination office/warehouse facility.