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PHOENIX-EJM seals back-to-back deals for its 19th and Pinnacle Peak Commerceplex, with the newest signing providing industrial space for a construction supply company. The six-month-old building is now 45% occupied.
LOS ANGELES-The Southern California office of Cushman & Wakefield has been engaged by Portland, OR-based real estate merchant banking firm ScanlanKemperBard Companies to manage four local properties totaling nearly 500,000 sf.
LOS ANGELES-The local office of Interior Architects, one of the largest interior design firms in the world, signs a 10-year lease at the same site but on a different floor. The transaction is valued in excess of $3 million.
LONDON-AMEC, Peel Holdings and Urban Splash have been shortlisted to partner Walsall Metropolitan Borough Council in the 8.4-acre Phase 2 of the Walsall Waterfront regeneration scheme in the West Midlands.
PHOENIX-Tomorrow, American Express Mailing Services gets the keys to 11,951 sf in the Valley North Business Park in Phoenix's northwest submarket. Mariash Corp. and Schroeder Group II LLC of Scottsdale are the park owners.
ORLANDO-James M. Seneff, founder/chairman of parent CNL Financial Group Inc., moves $12.4 million into CNL American Properties Fund to cover the 2001 deficit blamed on Chapter 11 filers Phoenix Restaurant Group Inc., Roadhouse Grill Inc. and Houlihan's Restaurant Group.
SPOKANE, WA-Stephen Barbieri of WestCoast Hospitality Corp. says the acquisition of the Red Lion chain made 2001 a landmark year for the company. Looking forward, he anticipates 10% to 20% growth in 2002.
DENVER-Park Hill Town Center will include a grocery-store anchored retail center as well as 460 multifamily units a short drive from Downtown. The developers pay $6.15 million for the 35-acre site.
GRANBURY, TX-An intent to buy and hold falls by the wayside for J.M. Decker Ranch of Fort Worth after Lowe's surfaces as a prospective buyer. A hotelier and convenience store operator also are interested in the prime land.
CHICAGO-Ross E. Glickman's promotion from president of leasing to chief executive officer takes place upon closing of the $5.3-billion sale of Rodamco North America NV to The Rouse Co., Simon Property Group and Westfield America Trust.