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RICHMOND, VA-City officials begin work on the $3-million The First Tee of Richmond Golf Course. The course will ultimately offer nine holes, with the first three-hole portion opening up for use in September.
WAUKEGAN, IL-Although he may never get a chance to develop a casino there, Mesirow Stein Real Estate, Inc. senior managing director Richard A. Stein compares this city's lakefront area to Chicago's Navy Pier about 20 years ago.
NEWTON, MA-Five Star Quality Care, Inc., a locally based senior living facility operator, acquires five senior living communities for $45.5 million from an affiliate of ILM-II Senior Living Inc.
SEATTLE, WA-Preliminary first-quarter market data from the Seattle office of Colliers International shows that across the board, real estate in Puget Sound continues to struggle. It also shows there are a few bright spots, too.
CHICAGO-Community Investment Corp., which runs a consortium of 50 lenders who provide a pool of loan money for acquisition and rehab of multifamily rental properties, hits the milestone with an $823,000 loan package on a West Side building.
DETROIT-New York-based F.W. Dodge reports commercial building in the state is down 22% from the previous year. The value of contracts in February was down just 1% t0 $296.3 million.
LONDON-Country & Metropolitan has bought a 3-acre site opposite Hampton Court Palace and adjoining Hampton Court Bridge. It plans to build a hotel, some retail units and office space and apartments there.
HOUSTON-Goodman Manufacturing is the 2002 star so far in Houston by signing the largest lease to date in the region. The HVAC manufacturer will roll two sites into one at ProLogis Park Jersey Village, adding 100,000 sf overall to its total.
ORLANDO-The Roseland, NJ developer paid $177.44 per sf for the two-year-old, 430,000-sf, 120-tenant mall in Orlando's main tourist corridor off Interstate 4 between Walt Disney World and Sea World.
ROSELAND, NJ-The separate acquisitions, located in Florida and Indiana, raise the REIT's stable of assets to 58 outlet and community shopping centers in 28 states and Japan.