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IRVING, TX-GE Capital Real Estate's managing director has moved over to FelCor Lodging Trust. Richard J. O'Brien is the hotel REIT's CFO and executive vice president, who will be instrumental in the planned $2.7-billion takeover of MeriStar Hospitality.
HOUSTON-It's back to the drawing boards on some amendments and clarifications for the Chapter 11 reorganization plan of Houston-based Stage Stores. A bankruptcy judge has set more hearings for June 29 and Aug. 8.
HOUSTON-Royal White Cement has signed for a 160,000-sf warehouse near the Port of Houston. The pending merger of Galveston and Houston ports seems to be having an advance impact, say brokers.
CRYSTAL LAKE, IL-Jordon and Walter Kaiser, owners and operators of Lakeshore Athletic Clubs in Chicago, offers to buy the historic Dole Mansion and Lakeside Center in this far northwest suburb of Chicago.
AUSTIN-Gov. Rick Perry has inked a real estate-backed uniform election law. The bill's proponents claim there's a better chance of elected officials who support development policies and represent the will of the majority.
AUSTIN-With the availability of class-A office space, will tenants who had been forced into offices at industrial and retail properties actually move up the ladder? That's the question around town. Some real estate leaders say "no" and others say "yes.
ATLANTA-In the largest transaction of its kind in Nature Conservancy annals, the Department of Natural Resources paid the environmental group $20 million or $1,408 per acre (three cents per sf) for a 14,200-acre tract in the Chickasawhatchee Swamp.
ORLANDO-The Orlando Regional Chamber of Commerce recognized JCB Construction Inc., T&G Constructors Inc. and WBQ Design & Engineering Inc. for their growth, innovation and community involvement.
GLENDALE, AZ-A Chicago-based investor has paid $4.6 million for a 106,000-sf warehouse. The new owner plans to add a cold storage freezer to the warehouse, located in the heart of fast-growing Glendale. European Imports already has signed for 35,000 sf.
ST. PAUL, MN-Growth in some communities is hampered by a lack of local sewer, wastewater treatment utilities or public policy. That adds up to a tight supply of land, at least in the short term.