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LONDON-The value of your hotel depends on its brand strength. That's the conclusion of new research by Jones Lang LaSalle's international hotels division into the past year's spate of portfolio sales.
CORAL GABLES, FL-The commercial real estate lender reports total loan production for the three-month period reached $423 million, up 90% over the same period in 2000.
CHICAGO-Vornado Realty Trust, whose presence here includes the Merchandise Mart, will have a say on Prime Group Realty Trust's 30-property city and suburban office and industrial portfolio, which includes Dearborn Center.
WOONSOCKET, RI-CVS Corp., which is headquartered here, will close 200 stores due to slowing sales. A spokesperson for the company, one of the country's largest drugstore chains, says that it is not yet clear where those closings will be.
ATLANTA-New faces at CB Richard Ellis Inc.'s Southeast Mid-Atlanta investment sector are Van Barron, formerly with the firm's Southeast office investment advisors team, and Chris Bosworth, previously with the firm's Washington, DC office.
LOS ANGELES-A new report by Transwestern's Delta Associates research affiliate says a big boost in defense and technology spending will generate more demand for office space.
LONDON-Office rents in Europe were falling even before the events of 11 September dealt a further blow to business confidence, according to new research from CB Hillier Parker.
CHICAGO-Equity Office Properties expects the recession to be longer than anticipated, believes it is prepared to weather the storm. The US' largest office owner sees strength in Central Business Districts, softness in the suburbs.
LOS ANGELES-Yusen Air & Sea Service Ltd. moves into $4-million distribution and office complex on 190th and South Harborgate. Area's proximity to ports, highways and LAX is drawing more companies involved in the transportation and shipping industry.
ORLANDO-Despite impassioned pleas from environmentalists, Gov. Jeb Bush and his six-member Cabinet voted 5-2 Tuesday to give Orlando landowners Willoughby T. Cox and Karick and Stephen Price another five years to develop the 1,433-acre planned unit development in an environmentally sensitive site in rural Lake County.