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LONDON-1980s property stars Sir John Mactaggart and David King have joined forces again to buy a 64,238 sf City of London investment. The duo have bought NPI's long leasehold interest in 11 Old Jewry, London, EC2.
ORLANDO-Orlando Magic loses bid for new $250-million NBA court and settles for renovating the 12-year-old, 17,250-seat, 395,000-sf TD Waterhouse Centre for an estimated $75 million, as area hotelier Harris Rosen suggested in an exclusive interview with GlobeSt.com June 4.
COSTA MESA, CA-The investment company has purchased a 30,000-sf retail complex there, its second retail acquisition in Costa Mesa in recent months. The company plans to reposition the property into a high-end destination center.
TACOMA, WA-In a report commissioned by the city, Real Vision Research has found that there should be more than enough takers for the 196 condominiums and 1,246 apartment units slated for construction Downtown in the next five years.
DALLAS-A Cushman & Wakefield account director has moved up the ladder to director of the national services group for the Midwest and Texas. Dawn L. McReynolds will be overseeing a staff of 25 in her new position.
RICHMOND, CA-The county will use the 60,000-sf space to consolidate the five offices of its Employment and Human Services Department that are currently in various locations in the western portion of the county.
LAGUNA BEACH, CA-The 70-room hotel has been snapped up by Classic Hotels & Resorts, which plans to renovate the property. The Phoenix, AZ-based buyer plans to extensively renovate the hotel in order to reposition the property.
WEST LONG BRANCH, NJ-The Web-based real estate agency has teamed with Virginia-based HarmonHomes.com to provide up to 1,000 property listings a week. HarmonHomes.com is a provider of online real estate classifieds.
LOS ANGELES-Cushman & Wakefield completes purchase of locally based Cushman Realty, doubling the New York-based firm's presence in Southern California. GlobeSt.com broke news of the planned merger in April.
PHOENIX-NZ Corp. is pushing ahead on a merger plan with California-based Lipid Sciences. The long-time Arizona and New Mexico land investor has been selling its assets for about a year as the strategy unfolds to become part of the medical tech field.