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ORLANDO-Cheri Smith joins the five-month-old Orlando office from Xceligent Corp. where she was vice president/research. During her 14-year stint at CBRE, Smith was real estate data consultant and regional director of information for the East coast.
SEATTLE-Located in Bellevue, Renton, Edmonds, Port Orchard, Sunnyside and Veradale, the six Big Mart locations are among 284 nationwide that will begin closing later this year as part of its initial Chapter 11 financial objectives review, assuming the court gives its approval next week.
CHICAGO-The market makes up about 5% of the list of store closings by the bankrupt retailer. Stores in suburban Milwaukee and the Rockford, IL area also are slated for closing.
LONDON-Six months on from 11 September, more than two-thirds companies with a central London headquarters say security fears may prompt them to move elsewhere. And half of all companies say they would now be unhappy about relocating into tall buildings, according to a survey by GVA Grimley.
MEMPHIS, TN-Elvis Presley Enterprises Inc., owned by Lisa Marie Presley, plans a court battle to block Norcross, GA-based EPR Enterprises LLC from using the Presley name on a planned $517 million condo-hotel-golf course enterprise in Walls, MS, 15 minutes from Graceland in Memphis, the singer's birthplace.
TEMPE, AZ-The 88-unit Southbank is folded into the portfolio of Los Angeles-based Brookhill Corp., culminating an acquisition that never hit the market. The seller is the Eagle Children's Trust of Palo Alto, CA.
PORTLAND-Portland now ranks 47th out of 61 markets worldwide in terms of cost, according to the Grubb & Ellis report, which did not include data on net effective rents, said to be off by as much as 15% here as owners dole out concessions to keep existing tenants and lure new ones.
LONG BEACH, CA-The seven-story, institutional quality mid-rise office building brought a selling price of $125 per square foot. Built in 1982, the structural steel and glass building is 91% occupied.
AUSTIN-Four government entities kick in funding for a three-story structure to house an emergency communications and management center. The cooperative pact marks the first for-sure tenant for the former Robert Mueller Municipal Airport project.
CHICAGO-The South Loop Apartments at 1521 S. Wabash Ave. wins a Maxwell Award of Excellence from Fannie Mae for its design, and a city department of housing official promises continued financial support for the "first rung" on the housing ladder.