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ST. JOSEPH, MO-Mead Corporation has a net lease for the next 15 years for the 330,000-sf building sold by Butler Real Estate Inc. It was a build-to-suit for Mead.
SEATTLE, WA-Hyatt Hotels Corporation today confirmed earlier reports of a joint venture with R.C. Hedreen on The Elliott, a $140 million super-luxury hotel scheduled for completion in June.
BETHESDA, MD-The Washington Metropolitan Area Transit Authority's pact with LCOR to develop a $450-million mixed-use development near a suburban Metro station is the largest ever approved by the Metro authority.
COLLEYVILLE, TX-Village Park Shopping Center's new owner is sure to benefit from the buy, with the 45,153-sf retail complex ideally located along a soon-to-expand boulevard in northeast Tarrant County. Colleyville Boulevard, key to the city's growth, is being widened from four to six lanes.
LA JOLLA, CA-One of the nation's leading economists says that financial analysts predicting a nationwide recession have got it wrong when it comes to the financial health of San Diego County and the rest of
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.