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DENVER-Cleveland-based White Lodging Services Corp. is throwing its hat into the ring, proposing to build a Marriott hotel faster than Denver developer Bruce Berger can construct his planned $220-million Hyatt Regency.
DALLAS-Now that the financing's closed, abatement work begins next week on a 76-year-old office building being made into 183 lofts and 21,104 sf of retail space. It's taken one year of wrangling to finance the CBD project.
EAGAN, MN-Gift of Mary founder Mary Jo Copeland signs an agreement to buy 26 acres on Lone Oak road and state Hwy. 55. Six other suburbs have told her to look elsewhere.
LONDON-The London Development Agency and the London Borough of Greenwich have selected CR Chelverton Properties and Berkeley Homes as the joint developers of a 300,000-sf leisure development for Woolwich town centre, in south-east London, fronting the historic Royal Arsenal.
BOSTON-Cambridge, MA-based Lyme Properties, in collaboration with the Harvard Institute of Medicine, proposes the development of a 400,000-sf biomedical research building here. The property would be located in the Longwood Medical Area.
BLOOMFIELD HILLS, MI-Two deals for apartment complexes in Melvindale and Harper Woods total $8.75 million, while a Detroit deal involving 315 units is done at an undisclosed price. Income Property Organization brokers the deals.
CHICAGO-Voters in the affluent suburbs of Barrington and Wilmette decide by wide margins to borrow a combined $36.5 million to buy large parcels for park district use. However, a $10-million open-space buying spree is nixed in far north suburban Fremont Township.
BAYONNE, NJ-The US Army's closed Military Ocean Terminal, or MOT, will henceforth be known as The Peninsula at Bayonne Harbor. Six districts within the 473-acre tract have also been delineated.
ROSELAND, NJ-The site won't have the usual oversized arches or a drive-through window, however. The hamburger purveyor will use the space as a regional sales office.