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TRENTON-Both proposals need enabling legislation for their complex financing, but the speaker of the State Assembly has declined to schedule a vote before the end of the current session.
ORLANDO-Mark Ellert, who opened the $36-million, 233-room Marriott Renaissance last week in South Florida, is looking at a 2003 debut for a $70-million, five-star, 150-room, 25-condominium complex in suburban Winter Park, FL, the area's first hotel development in 30 years.
DENVER-The National Conference of State Legislatures will use the sale of $13.9 million in tax-exempt bonds to build its headquarters at the former air force base. NCSL currently leases space Downtown.
PHOENIX-The Foltz Family Trust of Avondale has sold its Bethany Village Shops, reaping $1.2 million for the 47-year-old holding. The 14,700-sf center is located along N. Seventh Street. Scottsdale-based 2501 Hayden LLC is the new owner.
WESTON, FL-The locally based owner of the Ritz-Carlton San Juan Hotel, Casino & Spa in Puerto Rico files a Chapter 11 petition under the U.S. Bankruptcy Code. Weston is 26 miles north of Miami; Puerto Rico is 1,038 miles south.
SEATTLE-CarrAmerica Realty Corp., one of the largest owners, developers and managers of US office space announced today the portfolio-wide rollout of essention Inc.'s Web-based commercial property management solution into CarrAmerica-operated properties across North America.
ARLINGTON, TX-Metro Custom Plastics Inc. is moving just a couple of blocks away in the Great Southwest Industrial Park, but it signals a significant expansion for the manufacturer. The company has inked a five-year, four-month deal to double its space.
FLORENCE, AZ-Atlanta-based Vanguard Properties has closed on a 5,550-acre deal and is in escrow on another 3,200. The entire portfolio of BHP Copper is now being eyed for a master-planned community. Vanguard has spent $14 million to date.
BOULDER, CO-A University of Colorado at Boulder study predicts 48 million new people in the 11 Western states by 2050, with 26 million acres to be developed as a result of that population growth.
ALBERTVILLE, MN-Banana Republic Outlet and Old Navy Outlet are among the nine new stores opening through the middle of next week at Outlets at Albertville, which has expanded to 306,000 sf.