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NEW YORK CITY-The famous Hotel Delmonico built in 1929 at Park Avenue and 59th Street is now on the block. Sonneblick-Goldman Co.'s International Lodging and Leisure Group has been tapped to sell the hotel.
ORLANDO-Orange County Property Appraiser Bill Donegan rules half of the 15-acre, five-month-old, for-profit attraction near Walt Disney World is a tourist venue and not a religious site. Instead of a $25,000 annual tax bill, the taxes will be $320,000. The park is preparing to sue the county.
INDEPENDENCE, MO-Staubach Retail Services represents Brook Mays Music Co.in negotiations of a 5,043-sf lease at the shopping center located at Highway 291 and 39th Street in this suburb of Kansas City.
ORANGE COUNTY, CA-San Francisco-based First Banks America acquires Orange-based BYL Bancorp, which has seven offices here and in neighboring Riverside County. The merger could make even more money available for Southland projects.
LISLE, IL-With a 28% vacancy rate in the soft East-West Corridor, the Lisle Executive Center has been a challenge for Great Lakes REIT until Boulder, CO-based Intrado, Inc. takes 28,749 sf at 3030 Warrenville Rd.
ALISO VIEJO, CA-The 600-megawatt plant will be connected to the US electric grid, providing power for energy-starved California. Known as Termoelectrica de Mexicali, the $350 million plant will rise in Mexicali, Baja California.
LOS ANGELES-Developer G.H. Palmer Associates says it will file a lawsuit over the City Council's decision to reject the company's plan to build 300 units of sorely needed housing Downtown.
DETROIT-Dennis Archer will tout Detroit as the center of the area's future with Southeast Michigan Council of Governments delegates Thursday. The assembly will be updated on developing a regional mass transit plan.
NOVI,MI-Oakland County Executive L. Brooks Patterson says his Automation Alley competes well against Silicon Valley, and will may surpass California's jewel with the acquisition of billion-dollar Covisint.
PHOENIX-Jose Vilanueva, a Phoenix real estate investor, has acquired the 22-unit Kingsley Apartments near the city's uptown section. Vilanueva has paid $770,000 or $35,000 per unit for the property.