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MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.
BOSTON-The proposed Convention and Exhibition Center here is in serious danger of not meeting its scheduled opening, but damages to the hotel adjacent to it resulting from such a delay are capped at $3 million.
BELLEVUE, WA-The Seattle-based developer and real estate manager is in the approval process for a 29-story office and retail tower in the central business district, but the market will make the final decision on what and when to build.
WASHINGTON, DC-BOMA cites a national energy policy, telecommunications access and tax relief for leaseholders as the organization's top three legislative issues. The issues were selected during the final days of its annual convention ending yesterday, Jan. 30.
ALISO VIEJO, CA-The global engineering and construction company is changing to a calendar fiscal year after spinning off Massey Energy as a separate company. The change caused the firm to report anticipated $4-million loss for the last two months of the year.
WOODBRIDGE, NJ-The Gilbert organization, buying the facility it had been leasing, needed the space permanently to handle its increasing volume of business. Blau & Berg was the agency handling the transaction.
PORTLAND, OR-After 20 impressive years as a broker, Scott Langley is leaving Cushman & Wakefield to take over the president's role from Hank Ashforth, who is bumping himself up to Chief Executive Officer of the locally based company. Today is Langley's first day on the job; he's in Southern California, looking at office properties.
NEW YORK CITY-Insignia/ESG has brokered the sale of the Best Western MacArthur Hotel for $21.75 million. This is the latest of a number of major hotel deals to be announced in the last couple of weeks.
CANTON, MA-Local developer Terry Conroy develops three buildings here and in neighboring Stoughton demonstrating the commercial potential of this area, south of the city. Conroy is developing these buildings on speculation.