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MINNEAPOLIS-Ted Leines will help hotel owners turn around their distressed properties and sell them for Colliers Towle Real Estate. The firm also will act as a receiver in foreclosure situations.
BONITA SPRINGS, FL-The locally based developer of luxury single-family and multifamily homes also logs a 39% rise in average contract price on new first-quarter orders. Bonita Springs is 105 miles north of Miami.
FORT LAUDERDALE, FL-Cushman & Wakefield of Florida Inc. hires Michael S. Landy to increase the company's focus in office-leasing markets such as Boca Raton and West Palm Beach, with plans to open a new office. Fort Lauderdale is 26 miles north of Miami.
BLOOMINGTON, MN- Teachers Insurance and Annuity Association of America's 240,000-sf building, one of the larger suburban office developments in the market, has such tenants as Shandwick International, Towers Perrin and Nortel.
LOMBARD, IL-The community shopping center in this west suburb of Chicago, about a quarter-mile from an I-355 interchange, is sold to Arbor Northgate by Prime Retail, Inc. The REIT owns Prime Outlets at Huntley.
BOSTON-Artists in the Fort Point Channel district here ban together to protest the redevelopment of this area. The group objects to the lack of parks planned and rising rents.
BURLINGTON, MA-BEA Systems leases an entire 100,000 sf building here on 4 Van de Graaf Drive. The move is encouraging for a suburban market that has begun to feel the effects of the high tech bust.
SEATTLE-The Hunt Group is a Seattle-based workplace consultancy. HOK Consulting is a division of Hellmuth, Obata & Kassabaum, one of the largest diversified architectural firms in the world.
GLENDALE, AZ-Some 3,200 early ballots have yet to be counted, but defeat seems likely for the warehouse retailer's proposed 220,000-sf supercenter. The landowner forced the vote after the city passed zoning laws to severely the stores size and hours of operation.
ANAHEIM, CA-Due to high natural gas prices, Anaheim Mills Corp., a locally based textile dyer, has ceased operations, resulting in 120 lost jobs. Other textile firms also have cut back operations.