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MIAMI-A federal judge in Washington, D.C. denies Miami-Dade County's plea for injunctive relief on an administrative ruling that forbids redevelopment of the abandoned Homestead Air Force Base into a commercial airport. Homestead is 25 miles south of Downtown.
NEWPORT BEACH, CA-Investment banker plans to use new fund to invest in JV equity and mezzanine investments. Separately, it announces loans on several West Coast properties.
NEW YORK CITY-The company plans to buy up about 10% of its public float in the belief that its share price doesn't reflect the value of its underlying assets and growth potential.
DALLAS-Archon Financial is backing a $28.2-million refinancing loan for a Pennsylvania limited partnership. Tenant Ames Industrial's long-term lease for the more than one million-sf distribution site in Carlisle, PA has secured the deal.
ORLANDO-The 73-year-old, publicly traded wholesale distributor will offer a $485 million inventory comprising 240,000 construction products from 5,500 manufacturers to clients of the Charlotte-based software provider. The value and length of the contract wasn't disclosed.
SAN FRANCISCO-A comparison of February hotel occupancy rates with the same month last year shows a slowdown in existing Bay Area hotels, but top-tier hotel development here remains brisk.
ORANGE COUNTY-All three sectors of the regional economy--high-tech, tourism and construction--are expected to slow down in the second and third quarters while construction will continue to give the county an economic boost, according to a recently released economic forecast.
HOUSTON-An Auburn Hills, MI-based professional staffing firm is launching offices in Houston and Sugar Land. The Richmond Avenue location comes with the recent takeover of Houston-based Trendsetter Staffing.
CHICAGO-What does it take to land an aircraft maker's headquarters in your market? Besides location and incentives, many behind-the-scenes phone calls, homework and the ability to clear hurdles at a moment's notice, says one insider.
SOUTH BRUNSWICK, NJ- The Edison, NJ office of newly merged Binswanger/Klatskin, is marketing the new facility, located in Central New Jersey's fast-growing NJ Turnpike Exit 8A submarket.