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TEMECULA, CA-The first phase to a $25-million destination resort, being developed by the Pechanga Band of Luiseno Indians, is on schedule for a fall 2002 delivery. The initial stage, kept quiet until now, will see some 700 workers on site at peak construction.
TAMPA, FL-Lawrence Randolph is leaving his Randolph Equities Inc. firm to be senior director of investment services at the St. Joe Co.-owned brokerage. Tampa is 80 miles west of Downtown Orlando.
LAGUNA BEACH, CA-Senior Care Industries is ready to move another gated seniors community off the drawing boards. The developer has just paid $3 million for a tract on the outskirts of Palm Springs, where plans are afoot for a $30-million project.
PALO ALTO, CA-The fund will generally be Essex Property Trust's exclusive vehicle for new investments until the Fund's committed capital has been invested or committed or, if earlier, Dec. 31, 2003.
LONDON-Chelsfield has stepped up its acquisition programme on London's rapidly improving South Bank, buying in three investment/development properties from St Modwen Properties.
BEAVERTON, OR-After announcing a tentative agreement in June, the the city of Beaverton and Glendale, Ca-based Dorn Platz yesterday signed a development agreement reactivating the once-failed, $100-million Round at Beaverton Central project.
LONDON-A new survey from Knight Frank shows that US purchasers have become reluctant to commit to residential purchases in London. From 12% of the market last year, North Americans now only account for 5% of the market.
ALBANY-As part of his administration's push to acquire land in the Neversink River area in Sullivan County, New York Governor George Pataki proposes to spend $2.05 million to purchase almost 1,700 acres to be used for open space there.
CHICAGO-Parkway Properties, Inc. doesn't flinch when 111 E. Wacker Dr., an Illinois Center building very similar to its newly-acquired 233 N. Michigan Ave., may sell for $30 million less than what they paid.
LONDON-Helical Bar has sold a 420,000 sf portfolio of industrial buildings across central Scotland from Glenrothes in the East to Ayr in the West to Ashtenne. The properties were bought from Scottish Enterprise in 1999.