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OAKBROOK TERRACE, IL-The Federal Deposit Insurance Corp. reopens the bank run partly by the Pritzker family of Chicago as New Superior today following Friday's closing Superior Bank, FSB by the Office of Thrift Supervision.
SANTIAM PASS, OR-A new $5-million lodge is under construction and slated for completion. A year after that, two new chair lifts and a tubing area will be up and running as the ski area tried to bounce back from a lousy ski season.
AUSTIN-Home Depot brings the first big box to Bee Cave, a community about 12 miles west of Austin and that corridor's gateway to the Texas Hill Country. This week's opening, including a store along Interstate 35, take the retailer to six in the region.
DENVER-Chris Ball, a Fuller and Co. broker, tells GlobeSt.com he expects the vacancy rate to approach 40% within 30 days, and maybe 50% before the office market in the corridor between Denver and Boulder starts to recover.
LONDON-The Prudential Assurance Company has bought a substantial stake in Equiton, the specialist industrial fund set up by Brixton and Equitable Life. The fund is now in the market for more multi-let industrial estates.
PORTLAND, OR-Molly H. Bordonaro, a sales associate at the local commercial brokerage Norris Beggs & Simpson, is one of four appointed to the board by George W. Bush. Bordonaro was a regional chairperson for his presidential election campaign.
DENVER-Miller Weingarten Realty's project on 11 acres that used to be a US Air Force base includes 118,000 sf of retail space, a new "main street" and 14,000 sf of second-story office space.
STAMFORD-In a deal intended to strengthen GE Capital's middle market business in a host of disciplines including commercial real estate finance, the company reports it intends to acquire Heller Financial Inc. for $5.3 billion.
WALL TWP., NJ-Depot America, which rebuilds computer printers, will use space at Bollerman Development's Allaire Corporate Center for a combination of headquarters and high-tech assembly operations.
RANCHO SANTA MARGARITA, CA-The Marshall's anchored portion of the Santa Margarita Marketplace has been sold to Armour CV Santa Margarita, as real estate experts expect activity to begin to pick up in the county's retail market.