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ORLANDO-After raising its ownership stake in the first quarter to 14.3%, the Asian investor's latest purchase of 275,000 shares for $3 million raises its interest to 18% in the locally-based themed restaurant chain.
ATLANTA-Larry Gellerstedt III, CEO of Beers Construction Co. for 20 years, takes over as president and chief operating offer Jan. 1. He teams up with longtime colleague Egbert L.J. Perry, Integral's founder/CEO.
PHOENIX-Target Stores will begin construction this month on a 1.5-million-sf distribution facility in the West Valley, adding yet another major facility of this kind to the growing area.
MILLBREA, CA-Prime Pacific Global Management Corp. has received approval from the city planning commission for Millbrae Garden Plaza. The Burlingame-based company will break ground on the $45-million, 171,183-sf project in early March.
WASHINGTON, DC-Cambridge Holdings is joint venture partner with the Bernstein Cos. in $31-million Public Ledger Building acquisition. The partnership purchased the 456,000-sf building in the heart of Philadelphia's Old City from MassMutual Life Insurance Co.
TACOMA, WA-Pickering Inc. takes 44,500 sf in the East 11th Street property, bringing the 180,000-sf building to 100% leased. Simpson Timber, a Tacoma company, leases the balance of the building.
CRANFORD, NJ-One of the pioneering women of New Jersey commercial real estate development has been running several family businesses for almost two decades. Now she will help her fellow officers guide NAIOP.