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BOCA RATON-H. Wayne Huizenga, Boca Resorts' chairman and owner of the Miami Dolphins football club is joining the buyout group as a minority partner, along with retired gridiron star Bernie Kosar.
NEW YORK CITY-The Dow is up by 2% for the year, the S&P 500 is off by more than 5% and the Nasdaq has dropped by over 14%. The Morgan Stanley Real Estate Index, however, is up 4.3% for the year, down just 2.13 points from its all-time high last week.
DENVER-A five-story, 117,305-sf building in the Midtown submarket is bought by attorney Alan Dill, who has been a tenant in the 17,000-sf building for more than 10 years for about 22% below replacement cost.
DETROIT-Trammell denies releasing a $72.4-million price figure and buyer information about the Fisher and Kahn buildings in Downtown. The sales price is lower, though, according to a company official.
DALLAS-Sixty days is all it took to structure a $160-million refinancing for a joint venture partnership. It's all part of positioning the sale of a 1.8 million-sf, two-state portfolio in the upcoming 18 to 24 months, GlobeSt.com is told.
DENVER-The $32-million project on 19 acres at 2901 S. Sheridan Blvd. will include 260 one- and two-bedroom units, along with another building with 53 senior independent living units and 11,500 sf of retail.
HOUSTON-The results of an Arthur Andersen survey, taken at a recent Houston seminar, show only 7% of the companies are wheeling and dealing online. Andersen has hired CA-based diCarta to develop its first Web-based contract management solution.
LOS ANGELES-The 36,000-sf flex-tech space will be home this fall to Laundry By Shelli Segal, a designer of women's wear. The space will house Laundry's corporate headquarters.
SOUTHBOROUGH, MA-NSI Software makes its first foray into the Boston area by opening an office here. The company has relationships with a number of local companies and hopes to recruit local technical talent.
LOS ANGELES-Liberal Democrats win the Mayor's race and most of the City Council seats in the municipal elections here, ending eight years of relatively conservative rule at City Hall that included a realtively liberal stance on growth issues.