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EAST MEADOW, NY-Russia-based Lukoil Oil Co. and its subsidiary Getty Petroleum Marketing Inc. have purchased a 36,555-sf joint headquarters building in the Long Island community of East Meadow.
LONDON-The Charities Property Fund, launched in September 2000, has gone from strength to strength with 105 charities now contributing to the pooled fund.
STERLING HEIGHTS, MI-New condominium and commercial projects going up in this populous, and prosperous, suburb. Cueter Properties Inc. accounts for three condominium and commercial plans, worth $75 million, on the drawing board.
HOUSTON-Rollins Leasing relinquishes a 12,800-sf industrial facility to Courtesy Dealership Property in a consolidation move. Negotiations started at $1.5 million. Two other Houston properties are on Rollins' disposition list.
SAN DIEGO-Despite the local hospitality market is faring better than many others nationally; local hotels must take major steps to adjust in order to weather the recession, according to two separate reports.
ATLANTIC CITY-The Baltimore-based developer has inked a deal with the Casino Reinvestment Development Authority to develop a mixed-use complex heavy on outlet retailing.
TAVARES, FL-The six-story, $129 million, 450,000-sf Florida Hospital Waterman, going up in a city of 9,000 permanent residents 30 miles northwest of Downtown Orlando, is doubling land prices and forcing entrepreneurs to look hard for new developable land.
WHITE PLAINS-New York Presbyterian Hospital believes that New York State and Westchester County, in particular, need to develop a strategy to promote biotechnology development as one means of advancing economic recovery in the New York metro area.
ATLANTA-Archon Residential of Irving, TX, owned by New York-based Goldman Sachs Group Inc., is unloading 34 class A, B and C properties totaling 11,241 units in 15 states with an average asking price of $17.6 million or $53,376 per unit. Houston's 660-unit Aberdeen Apts. is the largest asset.
SAN FRANCISCO-Paul Hastings Janofsky & Walker LLP is settling into the top six floors of 55 Second Street, one of San Francisco's newest high-rise projects. The firm leased 70,000 sf in November and reserved two more for expansion.