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ATLANTA-The locally based REIT plans to sell the dogs in its 111-property, 11.9 million-sf portfolio this year so that it can have a better chance of returning to profitability, CEO Craig Macnab states in the Securities and Exchange Commission filing.
ORLANDO-Liquid Audio Inc. of Redwood City, CA is creating the site for the 105-unit, locally based celebrity-themed restaurant chain which claims to have 27 million customers and a music memorabilia collection valued at $32 million.
MIAMI-The Miami-based broker of luxury single-family homes and condominiums aims to capitalize on increasing sales in Broward County's wealthiest real estate market.
WASHINGTON, DC-The group has so far received more than 1,000 comments on its draft model agreement covering the terms under which telecom providers would have access to office buildings.
PFLUGERVILLE, TX-This Austin area community opens doors on its first multifamily complex, an $18.6-million undertaking by Winchester Properties, based in Garland, TX. The project's development has been made possible by a reworking of the zoning code.
DETROIT-The commercial organization wants to encourage property sales and education among Detroit Area Commercial Board of Realtors members. The first session is at 8 a.m. Friday in Farmington.
DALLAS-Budget Group in Far North Dallas is now the tenant instead of the owner of a 69,300-sf office and call center. The nationwide automotive rental dealer has sealed a $10-million sale-leaseback deal with Los Angeles-based BentleyForbes.
ST. PAUL, MN-The project on the north bank of the Mississippi River near Downtown will build as many as to 600 units, as well as an additional 100 units of affordable housing and 23,000 sf of commercial space.
NEW YORK CITY-Contrary to popular belief, Steve Roth may not get the brass ring after all. Negotiations between the Port Authority and Vornado have stalled, and PA officials have renewed their interest in the #2 bidder, Silverstein Properties.
TUALATIN, OR-To be named Aspen Place, the 28,561-sf, three-story office building is being developed at 18768 Boones Ferry Rd. and slated for completion in September of this year at a monthly full-service rate of $23.50 per sf.