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DALLAS-La Quinta cuts the ribbon on its first franchise while Wyndham has put three new general managers in place on the East Coast. It's all part of the ongoing changes that have come from the regionally headquartered hotel chains in recent months.
OCEANSIDE, CA-Site Selection magazine's top 10 deals for 2000 averaged 4,215 jobs created and $1.15 billion in capital investment--far above 1999's average of 3,334 jobs and capital investment of $305.5 million.
LOS ANGELES-Archstone Communities LP pays $4.2 million for a restaurant at 8360 West Manchester Ave. that it plans to raze and replace with apartments. The seller is a private partnership known as 27th/Pico Boulevard II LP.
ORLANDO-The locally based manufacturer of wireless broadband communications systems used in high-rise office towers is laying off 52 workers on its 260-person staff after losing $19 million or 55 cents per share on first-quarter revenue of $7.5 million.
NEW YORK CITY-TrizecHahn is raising the money through an offering of commercial mortgage pass-through certificates. The proceeds will be used to retire debt.
EAST BRUNSWICK, NJ-An e-business integration firm, moving from nearby Edison, NJ, will use the space as executive offices, work areas, a training center and support services. Boston Properties owns the building.
AUSTIN-The Emerson Group has put a second building onto the drawing boards for its Preserve at Bee Cave. Meanwhile, a would-be tenant has stirred talk about a third building. Signed deals will determine the next building to come out of the ground.
PHOENIX-The US Census Bureau's latest accounting had the Phoenix area leading the nation in job growth just two years ago. But that's probably not the case today, with 2001 statistics putting growth at 2.4% in comparison to the 4.7% in the bureau's latest tally.
NILES, IL-The REIT and financially troubled promotional products company HALO Industries are discussing restructuring the $6-million-a-year lease on a recently-built 267,344-sf office building at 5800 W. Touhy Ave.
HOUSTON-Weingarten Realty Investors has snagged a managing director from Pittsburgh as the new vice president of its industrial division. W. Greg Murphy had been leading the industrial division of Oxford Development Co.