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GLENDALE, AZ-Samons Bros. takes over Universal Forest's 40,000-sf industrial complex and lumberyard in an expedited transaction for more space to meet the demand from a bustling housing market.
LONDON-Sussex-based development company Cuckfield Group has secured detailed planning permission for the 200,000-sf City Park development adjacent to Hove Park.
LOS ANGELES-Gale & Wentworth has formed its fourth investment fund with Morgan Stanley valued at approximately $200 million. The two companies formed their first real estate partnership in 1996 and have invested roughly $2 billion to date.
DALLAS-The Associated Builders and Contractors puts McCarthy Building Cos. into a high-level ranking accorded to just 470 of its 21,000 members. At Staubach, an eight-year employee gets an expanded vice presidency.
SAN FRANCISCO-At an investors' seminar in San Francisco, consultants analyzed the hotel industry, revealing that any ongoing additions to the lodging supply will likely be completed by the end of 2003, and any further hotel building would be "highly speculative.
GARDNER, MA-A developer proposes a 103-unit residential project here on Keyes Road on a 150-parcel. If approved, the residential project would be one of the city's largest.
SEATTLE-The $4.1 million purchase price includes the 51-unit Downtown apartment building and an adjacent surface parking lot that is zoned for high-rise development.
POUGHKEEPSIE-New York Governor George Pataki pulled the switch on Monday to light the vintage 1931 marquee symbolizing the completion of the current $1.4 million renovation program at the historic Bardavon Opera House here, which first opened in 1869.
BOSTON-Modern Continental Enterprises removes Trammell Crow Co. from its position as exclusive leasing agent for Independence Wharf, the 335,000-sf office building located on Atlantic Avenue in the financial district, and gives the contract to Cushman & Wakefield.
DENVER-The future looks bright for the REIT created by the merger with Charles E. Smith Residential, which expanded Archstone's presence in Downtown areas in cities such as Chicago, Boston and Washington, D.C.