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LONDON-Calton Gate, a 100-million-pound ($141 million) mixed-use development including 200,000 sf of offices on New Street, Edinburgh, has received detailed planning permission from City of Edinburgh Council.
PHOENIX-A private investor purchases the 12-unit Canyon Gardens with plans to upgrade interiors and raise rents to market level. The 41-year-old property is normally fully leased due to its below-market prices.
PORTLAND-The commercial insurance company sells its 10,650-sf one-off building to a local family trust for $1.1 million and, as part of the deal, signs a five-year lease for the approximately 7,000 sf it has occupied since it purchased the building 18 months ago.
BOSTON-The co-founders of a Fanueil Hall retail store say their expansion space at the center will result in Northern New England's largest independent toy emporium.
DENVER-Mayor Wellington Webb blames difficulty obtaining hotel financing in the wake of the Sept. 11 terrorist attacks for the plug being pulled on a 1,100-room Hyatt Regency hotel plan.
ORLANDO-Smith Travel Research reports occupancy at some of the larger hotels hit 84.3% on Saturday, March 23, a day before Palm Sunday. That was up from an average 40% among the 113,000 area hotel and motel rooms immediately following 9-11.
DOVER, DE-Less than two years after construction began, the $60-million Dover Downs Hotel and Conference Center makes its official debut with a ribbon cutting ceremony.
IRVINE, CA-The buyer, Jose Gonzalez of Irvine, pays $1.3 million for the property. Located in Riverside, the apartment complex was 95% occupied at the time of sale.