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FORT LAUDERDALE, FL-The Broward County Circuit Court complaint alleges Premier Estate Properties Inc., marketed a 2.6-acre tract as four acres in a $10.5 million oceanfront estate sale. Premier tells GlobeSt.com the allegations are meritless.
GREATER NEW YORK-Kmart Corp. today released a hit list of 284 stores that will close as part of its initial Chapter 11 financial objectives review. Nine New York Big Kmart stores are affected.
ATLANTIC CITY, NJ-Groundbreaking will take place within weeks for the 310,000-sf, $60 million project, called The Walk. It took almost three years of negotiations to bring it all together.
ANAHEIM, CA-The owner of American Barricade scoops up the 8,400-sf industrial building, which is located in the Orangewood Stadium Business Park. The deal is valued at $714,000.
DENVER-Barry Dorfman, president of the Staubach Co.'s Rocky Mountain region, completes 120 office transactions worth $144.35 million. Grubb & Ellis' multifamily team of Jeff Hawks and Doug Andrews do $256.5 million in business.
LONDON-The level of vacant industrial space across Great Britain rose 7.8% in the final four months of 2001 to stand at 176 million sf at the year end. And vacancies are 20.9% higher than at the start of 2001.
BOSTON-The Boston Redevelopment Authority approves the development of an Ambulatory Building at Massachusetts General Hospital's main campus here. The project proposal has gone through a number of design changes and involves 640,000 sf of space in two buildings.
LOS ANGELES-The City Council's subsequent unanimous approval of the Trust Fund proposal clears the way for city, business and non-profit leaders to implement a delivery plan of 3,000 to 4,000 targeted homes to be delivered to Los Angeles annually
WASHINGTON, DC-The National Building Museum and Turner Construction Company join in the creation and presentation of the Henry C. Turner Prize for Innovation in Construction Technology, which will be awarded to World Trade Center structural engineer Leslie E. Robertson.
SUGAR LAND, TX-Crestline Capital buys the majority interest in a 300-room Marriott, an integral part to a $200-million town square project. The hotel will deliver in fall 2003 in a public-private partnership of Crestline, Atlanta's Stormont and a city authority.