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LOS ANGELES-The SEC says the two Diamond Bar men bilked hundreds of investors, then used some of the money to buy racehorses and start offshore accounts. Many of the victims were senior citizens, government claims.
LEWISVILLE, TX-The Woodmont Co. has 27,908 sf left to lease of a 97,215-sf hole left by Montgomery Ward's at Lewisville's Lakepointe Crossing Shopping Center. Academy Sports takes the bulk of the space and Tire Dealers Warehouse gets the automotive center.
CHICAGO-The locally based REIT positions its AMLI at Carmel Center project to take advantage of the Carmel City Center redevelopment--some 180,000 sf of retail and office space.
BOSTON-The Salvation Army seeks proposals from firms interested in redeveloping its state headquarters in the Back Bay area here. In doing so, the evangelical Protestant denomination joins other religious institutions looking to take advantage of the local real estate market.
RESTON, VA-Plaza America, the massive, four-tower office-and-retail complex here, will deliver its final two buildings early next year, one of which already is fully leased.
AUSTIN-Jones Lang LaSalle's Austin team has grabbed leasing and management duties for two WestWorld-owned office buildings. The aggregate 185,533-sf contracts come with fully occupied buildings previously managed by Kennedy-Wilson's Austin office.
MINNEAPOLIS-Thomas Sexton, a CRESA Partners vice president and principal, has taken over the lead role as president and COO. He has been a member of the firm for 12 years, starting a year after its founding as the Tobin Real Estate Co.
LAKEWOOD, WA-The Northwest division of Irvine, CA-based MBK Real Estate Ltd. plans to partially demolish the 1.2-million-sf, enclosed mall and change it into a 900,000-sf outdoor retail and entertainment Mecca for about $70 million, including acquisition costs.
ATLANTA-Grubb & Ellis Co., Ryland Group Inc. and LandSouth Development plan office, retail, multifamily and single-family product in the suburb (Pop. 20,000), five miles west of Downtown.