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SOMERTON, AZ-Summit Builders of Phoenix is lining up its crew for an 87,963-sf project in Somerton, where the Cocopah Indian Tribe has carved out a tract for a new casino. The project delivers in fall 2003.
CHICAGO-BGP Lincoln Village, L.L.C., which is redeveloping Chicago's first shopping center, will get a $4.95-million loan at 8% interest to pay for part of its $25-million redevelopment project at the North Side retail center.
GERMANTOWN, MD-270 Corporate Center, the four-building office park of class A space, sells for $54 million to BP 270 LLC. Comprising 450,000 sf, the structures were built in phases over about a 10-year period from the mid-1980s to the mid-1990s.
LOS ANGELES-Los Angeles County is in a strong position to ride out the current economic troubles with little negative effect, according to a panel of experts gathered for a local breakfast seminar series.
LONDON-The Dutch-registered UK investor Haslemere says it has become aware of a bidder willing to offer €67 per share although the company has already recommended acceptance of Brack Capital's offer at €63.75 per share. It says the new approach is invalid.
LONDON-The Labour party is to move its headquarters to Old Queen Street in Westminster, closer to Parliament and to Downing Street than its current base in the Millbank Tower.
SOUTH PLAINFIELD, NJ-The company's lease on the property has nine years to run, and Binswanger/Klatskin has been given the assignment to find someone to fill it.
OXNARD, CA-Slated to rise at South Lombard Street and Eastern Avenue in Oxnard, the project will consist of three buildings encompassing a total of 55,911 sf. Designed for single users, the facilities are expected to be ready for occupancy by October.
WASHINGTON, DC-The Mortgage Bankers Association of America offers its commendation to Rep. Marge Roukema (R-NJ) for introducing the Housing Affordability for America Act of 2002.