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LONDON-Having already trimmed some $417 million in assets, company leaders now turn to Europe with axe in hand. The goal is to "create a company focused on the US office market," insiders tell GlobeSt.com.
EMERYVILLE, CA-The decision paves the way for other redevelopment projects on contaminated sites in urban core areas by validating the use of eminent domain in property acquisition and by allowing the city Superfund-style cleanup authority, according to an attorney representing Emeryville.
ATLANTA-The 125-room, five-story, 70,000-sf Hildton Garden Inn Atlanta North Point sits on a 2.5-acre pad in fast-developing Alpharetta, GA, 15 miles north of Downtown.
SOUTHFIELD, MI-Unique Restaurant Corp. lasts less than a year, pulling out after a difference of opinion over how to run the restaurants owned by Loeks, which wanted a more casual atmosphere at the eateries.
PALO ALTO, CA-In early trading Wednesday, stock in Essex Property Trust was trading for $47.40 a share, off 4 cents from Wednesday's close. The price is about $12 above its 52-week low and about $10 below its 52-week high.
ORLANDO-James Veigle faces up to 170 years in prison if convicted on all 13 counts. He denies the allegations and tells GlobeSt.com, through representatives, he will fight the charges all the way to the Florida Supreme Court.
EUGENE, OR-One is already open in north Eugene and a second is being built in neighboring Springfield. A third is now being planned in west Eugene, near 11th Avenue and Commerce Street.
AUSTIN-Motorola contractors have started the tedious work of taking down an obsolete 100,000-sf wafer factory. By fall, the company plans to have converted the space into commercial use for the 2.5-million sf campus.
PARIS-Corporate merger mania in the City of Lights has eaten up space in an already tight market. Investors are planning to bring class B buildings up to A standards in order to relieve the pinch and keep corporate tenants in town.