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ORLANDO-Developer/investor Robert I. Kling closed his $15.85 million deal ($60.96 per sf) on the eight-building, 260,000-sf Downtown entertainment landmark May 4. But any planned new look for the property will draw intense scrutiny from the city's Historic Preservation Board.
DALLAS-Two high-end retailers have finalized leases, totaling 27,346 sf, at shopping centers in Dallas and Richardson. It's the first location in the Dallas-Ft. Worth region for USA Baby, a leading infant and children's furniture and accessories retailer.
WASHINGTON, DC-Charleston, SC-based Whitewood LLC bought the 144-room hotel, announced a major renovation and name change, and signed a long-term agreement with MeriStar Resorts & Hotels to manage it.
ROUND ROCK, TX-DuPont Photomasks is in the midst of a restructuring that is shuttering its near four-year-old facility in Scotland. With the planned changes, expenses will be cut by $2.5 million by first quarter 2002.
ATLANTA-The state Department of Community Affairs and the Georgia Regional Transportation Authority will require development of regional impact studies on retail projects over 300,000 sf and office deals over 400,000 sf.
LONDON-Economic growth in the UK slowed dramatically in the first quarter of 2001, but Knight Frank says UK commercial property remains well placed to ride out a potential downturn.
NEWTON, MA-Northland Development Corp. changes its name to NDC Development Associates. The locally-based company says that the new name more accurately reflects the company's focus on development and its culture.
ST. PAUL, MN-BroadBandUSA signs deals with Kingston Green to provide high-speed Internet access at luxury apartment buildings at the Provence and Kingston Green Luxury Apartments in Burnsville, MN.
WASHINGTON, DC-The 12-story, 219,000-sf office building is fully leased, according to Fremont Properties officials, who didn't release financial details of the transaction. The building will undergo a minor cosmetic rehab.
EMERYVILLE, CA-Despite the softening market, Wareham Development says it has completed seven lease deals totaling more than 67,500 sf at the two local developments.