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FORT LAUDERDALE, FL-The six-year-old lodging chain, founded by entrepreneurs H. Wayne Huizenga and George D. Johnson Jr., is moving to Spartanburg, SC over the next six months where Johnson and his brother own a real estate development company. Fort Lauderdale is 26 miles north of Miami.
COSTA MESA, CA-A locally based developer has acquired a 1.6-acre parcel in Costa Mesa, in a deal valued at $1.3 million. The company plans to build a 26,000-sf office and retail project on the site.
BIRMINGHAM, AL-The old-line, privately-owned firms have a combined servicing portfolio of $2.9 billion and are shooting for $1 billion in total production this year.<p>
AUSTIN-A Los Angeles-based family investment group has secured its first Austin property and more are being eyed. The $19.1-million buy had one hitch, the loss of Regal Cinema midway through the talks. A replacement tenant is being actively pursued.
LISLE, IL-The 242-room property at 3000 Warrenville Rd. in this East-West Corridor suburb undergoes a $3.5 million conversion as it becomes Dallas-based Wyndham International's 11th property in the Chicago market.
ORANGE COUNTY, CA-In another example of investors' appetite for the county's limited supply of available industrial space, an Anaheim-based investment company has snatched up a 22,600-sf industrial for $2.1 million.
NORTH MIAMI BEACH-The locally based real estate investment trust has signed a definitive stock exchange agreement to acquire the US shopping center operations from a subsidiary of Canadian-based Centrefund Realty in a stock deal valued at $121 million.
BOSTON-Akibia Consulting opens a new consulting headquarters here on Post Office Square. The consulting firm's move from Broad Street here is part of Akibia Inc.'s corporate strategy for expansion both nationally and internationally.