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TALLAHASSEE, FL-Proprietors could face jail time of five years and heavy fines if convicted of willfully allowing illegal drug sales to be made on their property.
BLOOMFIELD HILLS, MI-Real estate magnate A. Alfred Taubman, founder of Taubman Centers Inc., is charged in international price-fixing conspiracy, allegedly while he was chairman of Sotheby's Holdings Inc. from 1983 to 2000.
SAN DIEGO-Despite a scaling back of expansion plans by retailers nationwide, a new report by Colliers International finds that San Diego will remain a target market for retailers, along with Atlanta, Las Vegas and Phoenix.
WASHINGTON, DC-The REIT plans to renovate and reposition the eight-story, 219-room facility as an upscale, boutique hotel. It didn't release specific details of the multi-million dollar deal.
SAN DIEGO-Like the office absorption figures released last month, a new report by Burnham Real Estate Services shows a dramatic downward spike in industrial and R&D leasing in San Diego County through the first quarter.
TROY, MI- John Foster, formerly vice president and general manager for Cole National Co. where he was responsible for the startup of Target Optical, will head up the retailer's construction, design and market strategy.
PHILLIPSBURG, NJ-The available tract is in prime retail country, surrounded by a number of big box retailers with yet another power center on the way. The property is also zoned for retail.
PHOENIX-Another Valley apartment complex has changed hands. In this sale, a Tucson firm has spent $4.4 million for the 142-unit Cobble Creek. A New York-based investment firm is the seller.
HOUSTON-An ad agency's downsizing has sparked a tenant shuffle in the 25-story BHP Tower. McCann-Erickson has subleased its space, inked a bridge lease and a more permanent pact all for the same building.