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MINNETONKA, MN-The mail order medical products company will move to New Albany, OH. Express-Med paid $7 million to Minnetonka-based Chronimed to buy the operating assets of Home Service Medical in September.
WASHINGTON, DC-Republican US Senator Orrin Hatch of Utah was credited with making it easier for small investors to include real estate stocks in their portfolios through several key pieces of legislation.
SLEEPY HOLLOW, NY-General Motors Corp. announced that it has selected Roseland Property Co. of Short Hills, NJ as its joint venture partner to redevelop its former minivan assembly plant site here.
WEST WINDSOR, NJ-The panel will take on economic competitiveness and all of its implications, including real estate development, and will issue a report by the end of the year.
CAREFREE, AZ-Peery Arrillaga, a private real estate investment firm, has sold the 85,000-sf Carefree Court, drawing $10.85 million from Hawaii's Alexander & Baldwin. The buyers market has piqued interest in Valley real estate once again.
LOS ANGELES-Robert Pernell says he will recommend that plans for the 53-megawatt plant be rejected by the full Energy Commission, noting neighborhood opposition and air-quality concerns.
ATLANTA-Ruth Hunt, a 20-year hospitality industry professional and the former sales/marketing director at the Holiday Inn and Holiday Inn Express in Athens, GA, has been lured away by Ridgewood Hotels Inc. to do the same work at the 119-room Foundry Park Inn & Spa scheduled to open in September in the same city, 60 miles northwest of Downtown Atlanta.
WELLESLEY, MA-The Charles River Hospital is auctioned to Lehman Brothers, which will most likely develop this nine-acre parcel in one of this area's most upscale neighborhoods. The sale highlights the growing shortage of beds for the mentally ill in this state.
ORLANDO-Critics claim the $535 per sf Orange County is paying for 972,000 sf of new exhibit space is the most expensive in the country. But convention center officials say they need a world-class structure to be competitive.
ENGLEWOOD, NJ-Gebroe-Hammer executive negotiated the deal for the transfer of the Linden Lawn Apartments by the heirs of the producer of "The Price is Right." The buyer and sale price were not disclosed.