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DETROIT-Plants outside the United States will close permanently; others here and in Canada will reduce the number of shifts. They include Toledo, OH; Belvidere, IL and Windsor, Ontario. The closings are in Mexico and South America.
SAN BRUNO, CA-Two development companies have purchased the San Bruno navy base with plans for a $200 million mixed-use project that will include 300,000 sf of office space, 210 apartment units and 190 senior housing units.
ATLANTA-As local economies have felt the pinch of a slowdown and competition in economy hotels has increased, the locally based hotel company says it will be selling 10 operating hotels with about 400 rooms for an undisclosed price to pay down debt and fund new acquisitions.
TAMPA, FL-James D. Means, former asset management director at Portland, ME-based UNUM Life Insurance Co. of America, and investor Robin M. Hester paid UNUM $6.36 million for the 20-year-old, 244-unit, 99%-leased Swan Lake Apartments in the bustling Carrollwood neighborhood of Tampa, 80 miles west of Downtown Orlando.
SAN BRUNO, CA-Two development companies have purchased the San Bruno navy base with plans for a $200 million mixed-use project that will include 300,000 sf of office space, 210 apartment units and 190 senior housing units.
SOUTHFIELD, MI- Advanced Network eXchange eBusiness Corp., owned by a San Diego firm, will open its headquarters in the 2000 Tower office complex, where rates average $20.50 per sf.
AUSTIN-Conn's Appliances has its eyes on the Austin market, opening just the first of several retail sites. The first location is 26,650 sf at Southbrook Town Center. Conn's is ranked as one of the nation's leading regional appliance retailers.
GARDEN GROVE, CA-The city, which has been very proactive with incentives to attract builders of hotel product, is hoping the builder will get permission to build two Marriott products.
HOUSTON-Area restaurateur Becks Prime is at the drawing boards for eateries in the Woodlands and Sugar Land. Known for its casual outdoor dining, the chain has acquired a little more than three acres total for lakeside restaurants.