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NEW YORK CITY- Most of an eight-block stretch of Madison Avenue has been reopened to traffic following a crane accident yesterday that dropped tons of steel on the pavement and forced the city to close the street.
ORLANDO-Former Days Inn Hotel owners/operators Monty O. Hundley, 58, of Orlando and Stanley S. Tollman, 71, of Palm Beach, FL are among five defendants named in a New York federal grand jury indictment alleging the investors duped the former Chemical Bank (now part of J.P. Morgan Chase Bank) and National Westminster Bank, all of New York.
NEW YORK CITY-The US recession is over, says a chief economist for Standard & Poor's at a panel Tuesday evening. While the group was hesitant to declare a jobless recovery inevitable, they did indicate that the glut of undervalued sublease space in New York could be enough to drive the market upwards.
London-A private investor has bought Morley Fund Management's 33,000-sf investment at 7-10 Waterloo Place in St James's for pounds 19 million ($27 million)
ASHBURN, VA-Saul Centers takes on 24 acres at the Broadlands planned community and makes plans to build a shopping center as large as 200,000-sf on the property.
HOUSTON-Wilson Fire Equipment & Service takes 19,467 sf in Houston's northwest submarket while Runnells Lofts heads into 10,000 sf in the CBD near the stadium. The pacts are ongoing validation of the industrial space demand.
PLANO, TX-It's taken quite some time, but Crossmark Holdings is finally off and running on its $25-million, 150,000-sf headquarters project in the prestigious Legacy Business Park. The site is a 14.4-acre tract in an area fetching $8 per sf for land.
GREENWOOD VILLAGE, CO-Mountain View in Henderson, NV; Tara Woods in Fort Myers, FL; Maple Run in Clio, MI and CSI at Holly Hills in Holly, MI receive honors from the Manufactured Housing Institute.
SAN FRANCISCO-Downtown office broker Scott Harper is now managing director of Colliers' Downtown San Francisco office. Harper came to the firm in January of 2001 from Whitney Cressman Limited, where he was a director.