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WINSTON-SALEM, NC-The manager/developer's contracts will generate about $374,000 in first-year fees, according to a published report. The assisted-living properties are in North Carolina and Virginia.
PRINCETON, NJ-Mainardi Management Co. affiliate takes over the 157,463-sf Shops at Windsor Green. Pathmark, Marshall's, Staples and several fast-foot outlets anchored the strip center. DKM Properties originally built the center.
DENVER-The Janus Foundation has the distinction of being the largest donor in the Denver Zoo's history. A $7-million donation is earmarked to cover half of the cost for a construction project that calls for a new entrance, gift shop, cafe and restaurants.
LOS ANGELES-Locally based Hilton and other big names downgraded by UBS Warburg. Concerns include slowdown in revenue growth and travel cutbacks initiated by some large corporations.
NEW YORK CITY-Two brokers share their personal experiences and observations with regard to the relation between women and minorities and the real estate industry. Both look at whether the mostly white male environment is by chance or by design.
FORT LAUDERDALE, FL-The price of common shares in locally based Extended Stay America and Royal Palm Beach-based Innkeepers USA drops sharply on news that New York investment bank UBS Warburg senses weakness in the US lodging industry.
TUCSON-The city council is on the verge of approving a $750-million project that will reshape all of downtown Tucson with the introduction of museums, amphitheaters, a visitors center, an open air meeting space, hotels, offices, condominiums, restaurants and shops.
OLATHE, KS-Deb Shops is opening in the state's largest outlet mall while Old Navy becomes an outlet store. Deb Shops is taking 6,900 sf of space in the mall owned by Glimcher Properties Limited Partnership.
SPRINGFIELD, MO-The Southwest Missouri association is unanimous choice about 10 years after an initial effort to join the federation failed. The association will cover more than 10 counties.
ORLANDO-GlobeSt.com has learned from area hospitality brokers the Chicago investment family tentatively plans to break ground by yearend on what could become the largest Hyatt Hotel in its chain, a 1,500-room inn directly adjacent to the four million-sf Orange County Convention Center.