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RICHARDSON, TX-The Renaissance Richardson, under construction since November 1999, has reached a milestone in its construction schedule, which is on track for a May 2001 opening. The hotel, John Q. Hammon's first Renaissance in Texas, has decided to start its 2001 dance card
WASHINGTON, DC-A real estate investment doubled in value in 18 months. The Bernstein Companies and Finmarc Management Inc. sold a 230,000-sf warehouse to Sears Great Outdoors for $21 mil. They paid $10.5 mil for the property.
WOODBRIDGE, NJ-The commercial broker ends the year with a flurry. New tenants range from the media sector, to info tech and other high-tech operations in several counties.
SAN DIEGO-Robert E. Hill and Stephen L. Rowland, both of them top institutional sales pros, join Cushman & Wakefield's fast-growing University Towne Centre office.
HICKORY, NC-Corning Cable Systems, a subsidiary of New York-based Corning Inc., is investing a total $100 million over the next five years in the two facilities. Area-wide, Corning plans to spend $450 million to make its fiber optics operations the largest in the world. Hickory is 50 miles northwest of Downtown Charlotte.
NEW YORK CITY-Brokers from the company based here arranged the acquisition of the Union Meeting IV building on behalf of Berwind Property Group. This is yet another deal, strengthening C&W's presence in the mid-Atlantic region.
NEW YORK CITY-Rumors circulating in the wake of Bradlees' closure announcement prove to be false. Faith Hope Consolo confirms another retailer will occupy the prize East 14th Street site.
ORLANDO-As predicted by industry professionals at the tail end of last year, multifamily investment activity here is slowing but nine-month activity shows higher dollar amounts posted in this year's deals to date, according to a new CB Richard Ellis Inc. study that will be published in January.