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LONDON-Quoted agent Fletcher King saw both turnover and profits fall in the year to 30 April 2001, underlining fears of a downturn in the commercial property sector.
LONDON-The new headquarters of the Greater London Authority was topped out by Minister for London Nick Raynsford last week. He hailed the structure, designed by Lord Foster as: 'An exceptional building for an exceptional city.'
PHOENIX-Scottsdale Property Management and Greenwich, CT-based Starwood Capital Group have severed a partnership, putting an 87,900-sf uptown office building into its one-time leasing agent's hands. Scottsdale has paid $9.3 million for the holding.
AUBURN HILLS, MI-In a new twist, the company is moving out of business-friendly Auburn Hills after receiving a $1.7-million tax abatement for 10 years from Southfield. Kirco Development of Troy will build an $11-million facility.
EVANSTON, IL-Washington, DC-based MeriStar Hotels & Resorts is managing Winston Hotels, Inc.'s new 178-room Hilton Garden Inn in the mixed-use Northwestern University/Evanston Research Center in this North Shore suburb.
FOND du LAC, WS-Minneapolis-based US Bancorp Piper Jaffray led the bond underwriting for the project that includes a five-story patient care building for 195-bed St. Agnes Hospital, operated by Agnesian HealthCare Inc.
ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.
WEYMOUTH, MA-AvalonBay Communities Inc. begins construction on its two luxury apartment communities in this area--Avalon Orchards in Marlborough, MA, and Avalon Ledges, located here.
AUBURN, WA-The $26 million shopping center will form the commercial heart of the 1,000-acre Lakeland residential development near Lake Tapps. Top Food & Drug signed on in March for about half the project.