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CHICAGO-A Delaware judge dismisses a bankruptcy proceeding, paving the way for Paramus, NJ-based Vornado Realty Trust to auction 7.9 million shares of Prime Group Realty Trust -- a one-third stake in the REIT -- Jan. 9.
ORLANDO-A styling and coloring salon tickets Orlando as part of a statewide rollout. A five-year lease for the Shoppes at Hunter's Creek takes effect in March 2002. In the next decade, the company wants to have 10,000 salons worldwide.
ORANGE COUNTY, CA-According to a recent report by Grubb & Ellis Co., the region's industrial sector will continue to cool in the upcoming year. North and Central County, with their more traditional manufacturing and distribution facilities, are expected to fare best in the face of the continued slowdown.
SEATTLE-Bill Smith has been appointed president of locally-based Noble House Hotels and Resorts. Noble House specializes in creating and managing properties that contribute to the communities in which they are located.
SPOKANE, WA-Developers of the combination 125-room Holiday Inn and 40,000-sf Class A office building hope to capitalize on the demand in what they perceive as an underserved area of Spokane lying between the airport and downtown.
HAMPSTEAD, MD-Jos. A. Bank Clothiers spends $3.5 million to expand its distribution facility by 50,000 sf. The company opened 21 stores in 2001, and expects to open 20 or more next year. Its expanded facility will be able to accommodate the company's growth plans.
BELLEVUE, WA-Robert Moser will serve on the six-member executive committee and lead the 70-organization membership for 2002. It is only the second time since 1937 that a Port of Vancouver commissioner has been elected to the position.
FT. WORTH-PNL Cos. of Dallas and Tarrant County in near back-to-back deals sign papers for landmark properties in the CBD. RadioShack will lease back its headquarters and technology site until a corporate campus, to be built nearby, is ready to occupy in late 2004.
ATLANTA-The Atlanta office of Advantis Real Estate Services Co. named Jerome "Jerry" S. Baum senior director. A one-time owner of Buckhead's Tower Place property, he will be responsible for sales and financing of commercial investments.