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HOLLYWOOD, CA-The lodging giant re-opens Renaissance Hollywood Hotel, a 637-room hotel, after two years and $130 million in renovations. The 22-story hotel is owned by TrizecHahn Corp.
PHOENIX-Tucson-based retailer Tres Amigos de Mexico Furniture is converting a closed theater into its newest location in the region. The furniture chain wraps up talks for a five-year lease valued at more than $1 million for Bell Tower Village.
FT. WORTH-LINQ Telecom, headquartered in Ft. Worth for 11 years, heads to the city's west side for a corporate office relocation. The move to University Centre I trails a decision that closes outlying offices and rolls the staff under one roof.
THOUSAND OAKS, CA-Privately held IPX Inc. acquires a 103,719-sf complex here from Pacifica Thousand Oaks LLC. Buyers in the area say the local market will improve in 2002.
BOSTON-Local activists who have campaigned for the Red Sox to continue playing here at Fenway Park--one of the oldest ballparks in the country--are thrilled with the potential new owners of the team who have indicated that they want the team to stay put.
SEATTLE-The City Council has taken the steps necessary to protect select views of the Space Needle. Officials say they wanted to protect certain Space Needle scenes from future development.
JANESVILLE, WI-The work includes a 500,000-sf distribution facility and 500,000-sf outdoor storage area at the South Janesville Industrial Park. The city's $2.8 million in tax increment financing should be recouped in 10 years.
BOSTON-A judge here invalidates the state's Department of Telecommunications and Energy's access regulations. The National Association of Industrial and Office Properties along with the Greater Boston Real Estate Board and the Massachusetts Association of Realtors lobbied against the regs.
SAN ANTONIO-UCC Total Home, a new buyers club, will join the tenant roster at University Park Service Center. The signing closes the books on the broker's leasing tasks since the new property owner is going to lead the charge.
PHOENIX-It's been a very good year for the Phoenix office of Los Angeles-based CB Richard Ellis. The team has closed six of the leading 10 shopping center sales, totaling $110 million, this year in the region. Power centers and malls are the demand drivers.