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ATLANTIC CITY-Less than two months after buying this city's first casino property, Colony Capital has unveiled plans for a 500-room, 30-story tower, with another phase not far behind.
LONDON-The best residential property in central London is taking longer to sell according to a report from Mayfair agency Lane Fox. A startling number of viewings are required before many properties find a buyer.
ORLANDO-Tom Starnes is senior vice president, sales and marketing. He is a former executive at Frito Lay and U.S. Office Products, both Fortune 500 companies. Hughes also hires John Steele, a former distribution specialist at Atlanta-based Genuine Parts Co.
LONDON-A top investment strategist at Standard Life Investment says property could be set to regain popularity with pension fund managers, after a prolonged period of decline.
ACTON, MA-W.R. Grace, the Columbia, MD-based chemical company, explores redeveloping portions of its 259-acre former Superfund site here and in Concord. This move is stirring up local activists who contend the site is not clean.
DALLAS-The well-known Ka Cotter and Elysia Holt Ragusa have new roles at the Staubach Co., where they will be directing a realignment of services. The move, says chairman and CEO Roger Staubach, will enhance corporate clients' needs.
DETROIT-Multifamily housing developments strike a nerve with local residents, who want homes and historic sites to remain in the area bounded by Mack Avenue, Fisher Freeway Service Drive, Beaubien Avenue and Woodward Avenue.
AUSTIN-The sublease office space is continuing an eight-week upward trend. The good news, says a market watcher, is that the pace has slowed. In the last two weeks, sublease space has grown by 100,000 sf instead of the 300,000-sf average of prior accountings.
LOS ANGELES-The investor has purchased a 78-unit apartment complex in Alhambra from Jade Gardens LLC. Investors continue to favor multifamily, as the county's increasing population and lack of buildable land has caused occupancy levels to skyrocket.
ACTON, MA-W.R. Grace, the Columbia, MD-based chemical company, explores redeveloping portions of its 259-acre former Superfund site here and in Concord. This move is stirring up local activists who contend the site is not clean.