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ORLANDO-Acknowledging that company chairman Michael Eisner's five-year-old Disney Institute Resort concept is a turkey, the theme park plans to tear down a fourth of the 800-room property in the spring and build 192 timeshare units for its in-demand Disney Vacation Club division.
NEW YORK CITY-The all-news channel makes news of its own with its first broadcast from a fully digital, four-studio facility in the converted cookie factory known as Chelsea Market.
EL CERRITO, CA-The City Council of El Cerrito has agreed that a $30,000 short-term lease is the best start for planning the restoration of the historic El Cerrito Theater. By March, the city may have cost estimates and a five-year plan.
MIAMI-The funds are part of the federal government's affordable housing program, designed to spur the construction and refurbishing of homes for low-income people.
MADISON, WI-Trinity Park and The Woodlands Apartments are on the market for $12.4 million in this college town and state capital with a 4% vacancy rate.
LONDON-Castlemore Securities has leased Salamanca, the 67,000-sf office redevelopment in the centre of Slough, Berkshire, to mobile telecoms operator BT Cellnet.
ATLANTA-The $2.4 million in grant money will fund the construction or refurbishing of homes and apartments for low-income people in nine North Carolina communities.
EL SEGUNDO, CA-The portfolio is owned by various general partnerships controlled by two investors. It consists of nine apartment buildings containing 308 units.
ORANGE COUNTY, CA-Rents in the Orange County multifamily sector have leveled off as occupancy levels continue to drop, according to a recent report by RealFacts.
DENVER-Mann Theater's 10-year lease on the 22,000-sf, six-screen facility in the Tamarac Square Shopping Center is taken over by Los Angeles-based Madstone Theaters, which expands from Manhattan and Cleveland.