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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.
LONDON-In another sign that the economic downturn is affecting the property market, new research from CB Hillier Parker shows that central London office availability rose by 16% in three months.
SACRAMENTO, CA-The national owner, operator and developer of grocery-anchored shopping centers, recently closed on the sale of the 136,000-sf Promenade shopping center located at the intersection of Rush River and Windbridge Drive.
SCOTTSDALE, AZ-A California investment team has closed on a $2.6-million purchase of a two-building office property in the city's northern tier. The Scottsdale-based sellers have realized $159.50 per sf in the sale.
EUGENE, OR-The six-month shutdown, affecting some 600 workers, comes one week after the company requests a property tax waiver for $156 million worth of improvements to the plant, and one month after it was denied a similar tax break.
JACKSONVILLE, FL-The cash-debt acquisition will give the Jacksonville, FL-based producer of concrete-building materials new markets in Alabama, Tennessee, Mississippi and the Gulf Coast. Jacksonville is 230 miles north of metro Orlando where Florida Rock operates a Central Florida division.
PORTLAND-Sonna Durdel, the company's current Northwest executive director, is taking a one-year sabbatical beginning this September. Meantime, she is creating a short list of local candidates to take over her job.
LONDON-UK hotels have outperformed the FTSE-100 stock index as well as all other commercial property sectors over the past 20 years, according to new research from Andersen.
MIAMI-The price per common share in the homebuilding giant closes down $1.17 Tuesday, then rises $1.58 Wednesday as the company files an amended shelf-registration statement to issue periodically up to $700 million in new stock.
SPOKANE, WA-Avista Corp. intends to ask regulators in Washington and Idaho to OK an energy surcharge to electricity customers in both states. The surcharge is intended to offset the costs of a severe shortage of hydropower generation and volatile energy market prices.