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SAN DIEGO-The Pala Band of Mission Indians today opened its $115-million casino complex on its north county reservation. The full-scale gaming complex is expected to generate $30 million to $40 million for the tribe annually.
ATLANTIC CITY-The investment group gets the go-ahead from New Jersey's Casino Control Commission to close the deal announced last fall. Sun International will get $148 million for the property.
HOUSTON-Automated Information Management has moved its corporate headquarters to Cornerstone Towers. The 20-year-old firm specializes in fiber-optic lines, including last-mile service. PM Realty and Grubb & Ellis negotiate the deal.
WESTFORD, MA-Locally-based Captivate Network Inc. merges with Toronto-based Elevator News Network. The two companies provide media content and advertising in elevators via monitors and together have contracts to install monitors in 1,100 buildings across the country.
AUSTIN-ClearCube is in the expansion mode, signing for an extra 18,000 sf at Colina West along the Capital of Texas Highway. This year's plan also calls for another 11,000 sf or 12,000 sf in a move to more than triple its existing office space.
SAN FRANCISCO-The real estate services firm has eight offices in northern California and hopes to open offices in the East Bay's 680 Corridor and in Sacramento in the upcoming year.
GRANBY, CO-Caribou Partners has unveiled its latest project, a $200-million, mixed-use development in a mountain town west of Denver. The plan calls for a 13-acre, grocery-anchored retail center and top-notch 18-hole golf course.
WALNUT CREEK, CA-Doerken Properties, which already owns shopping centers in Novato and Dublin, is acquiring Citrus Center, a 101,000-sf shopping center in Walnut Creek that is 100% occupied with tenants that include Bank of America, Washington Mutual and Nob Hill Foods.
JERSEY CITY-A faulty approval process is blamed for officially doing in a controversial twin 43-story towers project, but it was community opposition on several other issues that led to the legal showdown.
DANBURY, CT-GE Capital Corp.'s Commercial Equipment Financing business has signed an agreement to acquire Scottsdale-AZ based Franchise Finance Corp. of America in a deal valued at $2.1 billion.