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MIAMI-The senior vice president, investment/multifamily housing, posted $230.2 million in 2001 sales, bringing his 16-year production at CBRE to $1.9 billion on 23,000 apartment units.
SACRAMENTO, CA-The settlement mitigates the impact of lawsuits brought by "bounty hunters"--private attorneys who sue hotel operators for millions of dollars in fines on behalf of the general public alleging violations of Prop 65, the Safe Drinking Water and Toxic Enforcement Act of 1986
LONDON-Canadian developer TrizecHahn has cut its losses in the Global Switch Internet hotel venture and sold its stake to its partner Chelsfield of the UK for £35 million ($50 million).
LOS ANGELES-A new joint venture focusing on planning and funding parks, plazas and other public spaces in development products located in low to moderate income neighborhoods has been formed by Genesis LA Economic Growth Corp. and the Trust for Public Land.
PLANO, TX-Harrington Place in Plano secures a three-year bridge loan for Dallas' Harwood International. The borrowing entity. TGALMA, gets the capital from First American Bank in a Holliday Fenoglio Fowler-structured deal.
NEW YORK CITY-Crown Properties says its decision to replace Jones Lang LaSalle with Cushman & Wakefield as leasing agent for 61 Broadway demonstrates a new determination among Downtown building owners to stay one step ahead of the game.
SOUTHFIELD, MI-Although the list of closures is not public, Lear Corp. will shut down operations at 21 locations worldwide, with one in O'Fallon, MO the first to go. The closings will occur through most of 2003.
BOSTON-The Boston Redevelopment Authority allows FleetBoston Pavilion to extend the lease on its four-acre waterfront site. The agency tells GlobeSt.com that if a more suitable tenant comes along it will give FleetBoston a year's notice before terminating its lease.
TEMPE, AZ-A 10-year Wyndham exec, Jim Hollister, heads to the 200-room Wyndham Bel Age in Tempe. Known for repositioning, Hollister has steered properties in California, Texas and North Carolina.
BRISTOL-Laing Property has been granted planning permission for a 52,000-sf Trade City scheme at Cribbs Causeway to the north of Bristol. The scheme, aimed at businesses dealing direct with the public, is the third in the Trade City network across the UK, following schemes in Discot and Exeter.