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BOSTON-Four Seasons Hotel general manager Robin Brown leaves his job to establish CWB Boylston whose principals will be Brown, mall developer Stephen Weiner and Julian Cohen. The trio will focus on developing a luxury hotel and condominium complex here at the Prudential Center.
BURNSVILLE, MN-The mall is sold by First American Asset Management and is leased up with such tenants as Linen 'n Things and Kinko's. New ownership is a partnership led by Peter Herfurth of Medina, MN.
EDMONDS,WA-The fast seafood chain lost its CEO last week, but the CFO has taken the helm and plans modest growth following tough cutbacks aimed at turning a profit.
DALLAS-NorthMarq Capital's Dallas office has arranged a $25-million loan for the owner of the 480-unit Legends at Ridgeview Ranch in Plano. In El Paso, Dallas' Oakwood Capital has bought a 320-unit complex.
BOISE, ID-Albertson's Inc. is laying off workers, closing stores and consolidating operations in an effort to cut costs and make the food and drug retailer a more efficient company.
SAN DIEGO-City Council gives the nod to the Naval Training Center project despite a skeptical Mayor Murphy, setting the stage for reconsideration by the state Coastal Commission.
DETROIT-The East Side will see 20 new condominium buildings, containing 95 multifamily units, in the next two years. They are designed to look like the classic London row houses of the 1800's.
MIAMI-The residential real estate developer pays roughly $172,500 an acre or $3.96 per sf for 128 building lots in the southwest Broward County community of Miramar.
PHOENIX-It's going to be a slow year, says a Grubb & Ellis VP in analyzing second-quarter results for the office sector. Vacancy is riding at 15.2%. Factor in sublease space and it's closer to 18%. But, he predicts, it's not permanent.