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BIRMINGHAM, AL-The locally based retailer is converting its McRae's department store in Birmingham's Brookwood Village Mall into a Parisian department store this summer. The conversion cost was not disclosed.
NEW YORK CITY-The real estate investment banking firm has acquired three facilities in a $13-million sale-leaseback deal with Dallas-based lumber distributor Builders FirstSource Inc.
BELLEVUE, WA-"2002 will be remembered by landlords, tenants, owners and agents as the time we adjusted to the sudden and dramatic events in the economy and the world in 2001," says James Keating, Grubb & Ellis Senior Vice President.
CHICAGO-Using a different tack, the city department of planning and development issues requests for qualifications seeking a lead developer for 108 N. State St., which has languished for more than 10 years.
IRVINE, CA-The Irvine-based developer has formally accepted the terms of International Commercial Finance's loan commitment. The money will be used to finance the construction of Phase I of the developer's Las Vegas resort project.
LOS ANGELES-National commercial real estate services firm Studley has completed an office relocation deal for Salomon Smith Barney and represented Charter Communications in a build-to-suit purchase of an office center.
BLOOMFIELD HILLS, MI-Mark J. O'Brien, formerly in charge of day-to-day operations of the company as well as instrumental in the acquisition of Del Webb Corp., takes over as president and chief executive officer.
EDISON, NJ-Three of the transactions, all renewals, were signed by URS Corp. for three different locations in the Garden State. The fourth lease involves a group displaced by 9/11.
SAN DIEGO-With reserves rather low, county officials are looking to raise fees for 21 items and/or services, including grading permits and missed appointment fees. The goal is to help offset the cost of the current recession.
SEATTLE-The natural food cooperative says it intends to sell the property to Third Place books, which plans to open a bookstore, bakery and community gathering place.