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PONTIAC, MI-One of richest counties in the US records higher gains again, which Oakland County Executive L. Brooks Patterson says is encouraging in the face of the national economic downturn.
AUSTIN-The nationwide chain cuts the ribbon on its sixth hotel as it targets the tech concentration found in the far northwest submarket. In recent weeks, the Spartanburg, NC-based hotelier also had a ribbon-cutting in the southwest submarket.
MIAMI-Metropolitan Life Insurance Co. of New York sold the three-story, 69,708-sf, 87%-leased Brandywine Center I office/restaurant complex in West Palm Beach, FL for $7.04 million or $100.57 per sf in March, as GlobeSt.com previously reported.
PRINCE WILLIAM COUNTY, VA-Pharmaceutical manufacturer Eli Lilly and Co. will build its newest insulin manufacturing plant in the County's Innovation @ Prince William office Park. Upon its estimated completion in 2007, the plant will house more than 700 employees.
SALT LAKE CITY-A family trust from Washington is planning to sit down at the closing table for the 120,463-sf GE Capital Building in Taylorsville, UT. That same buyer just spent $4.5 million for a freestanding Walgreens in another Salt Lake City suburb.
WAYNE, NJ-The pharmaceutical consulting firm's transaction brings the 260,000-sf 45 Barbour Pond Dr. here to 100% occupancy. GVA Williams and Insignia/ESG did the deal.
CHICAGO-The second-largest mall owner and operator in the US sees funds from operations jump 8.7% in the first quarter, with the strength of specialty retail chains getting a share of the credit.
MONTVALE, NJ-The facility, owned by a subsidiary of Teachers Insurance, is being converted from a single-tenant building into a class A multi-tenant office complex. This is the final stage in a three-stage redevelopment of the property.
DALLAS-Wyndham has edged past an NYSE issue, but does have back-up plans in the event of a backslide. And yes, seven more hotels are under contract. It's not a fire sale, stresses the CEO. Expansion will come via management pacts and franchises.
WYLIE, TX-Two groups of investors head to closing tables in June for a combined 33 acres ticketed for retail development. The land neighbors a 43-acre acquisition by Centex, which is starting infrastructure to expand its Cimarron community.