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IRVING, TX-FelCor Lodging & Trust gains $96 million in net proceeds from a note offering in a re-focus to gain footing to take advantage of sure-to-come market opportunities. It's the first such transaction by a lodging REIT since Sept. 11.
ORLANDO-Chicago-based CCIM is allocating one third of its 2002 national advertising campaign to attract minority candidates to its designation program. Meanwhile, executive suites are largely void of minority faces.
HOUSTON-US Dataworks holds tight to a 3,148-sf corporate headquarters spot in Houston's northwest submarket. The building, 5301 Hollister, boasts a 99% occupancy in one of the city's most active submarkets.
DENVER-Metro Conventions & Visitor's Bureau president Eugene Dilbeck says the trend of few cancellations will continue next year. "We're Denver. We are regarded as a very exciting and desirable city to visit," he reasons.
WASHINGTON, DC-MeriStar Hospitality Corp. brings its portfolio of 112 full-service hotels under the control of its management arm, MeriStar Hotels & Resorts, with the acquisition of four hotel leases from Prime Hospitality. The changeover was a no-cost transaction.
PRINCETON, NJ-Advance Realty is in the final planning and approval stages for the new facility, and has tapped Cushman & Wakefield as exclusive leasing agent.
HACKENSACK, NJ-SWH Funding Corp. teamed up with Spectrum Origination to get the package for the three properties, two in Pennsylvania and one in New Jersey.
LOS ALAMITOS, CA-The 23,100-sf complex in this upscale community is 100% occupied and anchored by a Radio Shack. Another private investor recently snatched up a Fountain Valley retail complex.
BRENTWOOD, CA-Brentwood City Council has selected EIP Associates to conduct an environmental review of the proposed Safeway shopping center project, a subject of controversy since its conception.