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LOS ANGELES-Walt Disney Co. begins sending out about 1,000 pink slips, mostly to workers at its Southern California and Florida theme parks. Another 3,000 have accepted voluntary separation packages.
DENVER-Vail Mountain took the title from Breckenridge in Summit County, CO, another property owned by Vail Resorts. Official numbers released in its next quarterly report are expected to show Vail in the No. 1 slot.
SOUTH BRUNSWICK, NJ-Zimmel Associates has the assignment of moving the asset, for sale or lease, with one-third of it fitted-out for offices and the rest for light industrial/warehousing.
WASHINGTON, DC-A study conducted by the SIOR Educational Foundation questions whether Web sites will change the way brokerages conduct business in the near future, but says the Web is becoming an important information conduit.
BELLINGHAM, WA-The 15,120 square-foot facility was completed last fall and opened for business in December. The sale, part of a 1031 tax deferred exchanged by an out-of-state investor, was for $5.4 million.
NEWPORT BEACH-The locally based REIT will pay the sum on June 20 to shareholders of record by June 18. In March, Pacific said it would be acquired for $143 million by Prudential Real Estate Investors.
NEW YORK CITY-In a panel discussion as part of the United Nations' Habitat Conference, Republic of Singapore Ambassador Mahbubani led panelists in a series of studies of the private sector's possible role in creating adequate housing.
FARMINGTON HILLS, MI-A half-interest in the 981-unit Independence Green Apartments costs Denver-based multifamily REIT Aimco $45 million. However, the deal also includes a 401-unit Iowa City, IA complex.
SAN ANTONIO-J.P. Morgan Chase & Co.'s under-construction call center in the city's northwest sector has topped out and will be ready to occupy in October. The three-story, 152,000-sf structure sits on a 35-acre campus.
GREEN OAKS, IL-The packaging, subassembly and distribution company relocates from nearby Mundelein in north suburban Lake County to a 190,000-sf distribution facility at 13820 Business Center Dr.