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ORANGE COUNTY, CA-The Walt Disney Co. posts a profit of $53 million for the fiscal quarter ending September 30, 2001 -- a 68% drop from the same period last year.
GAITHERSBURG, MD-The Quince Orchard Cluster apartment community sells for $51 million in a transaction brokered by Transwestern Commercial Services. Fairfield Residential, serving as managing general partner in a partnership arrangement, becomes the new owner of the 684-unit complex.
GREENSBORO, NC-The Federal Aviation Administration still has to sign off formally on the project at Piedmont Triad International Airport where industrial vacancies are 18.27% and office vacancies, 10.47%.
NEW YORK CITY-Exchange chief Richard Grasso is taking a wait-and-see on the long-anticipated 900-ft.-tall headquarters tower until the city can relocate its displaced tenants and come up with some alternatives. If a tower goes up, he says, it will be shorter.
NEW YORK CITY-Despite a dreary quarterly report, the commercial real estate firm expects the revenue-producing effects of its ongoing internal restructuring to coincide with an economic upturn in mid-2002.
LONDON-The Government is on track for a radical reform of the planning system, but emergency legislation in connection with the war on terrorism could prevent the changes taking effect for several years, according to planning minister Lord Falconer.
DALLAS-The Kirkpatrick & Lockhart law firm heads Uptown in April 2002 with a 10-year lease for 22,098 sf at the landmark Harwood International Center IV. Build-out starts at the first of the year on the 18th floor.
LONDON-Despite turbulence in the financial markets, performance property is continuing to show positive returns, according to the Association of Property Unit Trusts and HSBC.
ROSELAND, NJ-A major insurer expands and extends its presence to 36,000 sf, while a law firm takes 12,000 sf in Cushman & Wakefield-arranged transactions.
DETROIT-Almost $100 million in Empowerment Zone money is not being used to help rebuild the city. However, the new leader of the Empowerment Zone Development Corp promises more effort in the 18 blighted square miles.