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CONCORD, NC-Piedmont Land Development Inc. and Delhaize America plan a $5 million, 32-acre mixed-use project in Cabarrus County near Concord, NC, about 20 miles northeast of Charlotte. A 38,000-sf Food Lion supermarket will anchor the venture.
LOS ANGELES-An Inglewood church today said it has agreed to pay $22.5 million for the Great Western Forum, the hallowed home of a half-dozen championship basketball teams lead by LA Laker greats Jerry West, Kareem Abdul-Jabbar and Earvin (Magic) Johnson.
DALLAS-A well-known veteran of Texas mortgage circles has been named regional vice president for the southern region of GN Mortgage, based in in Memphis. Blair Ball is the co-founder of the Texas Association of Mortgage Brokers.
PHOENIX-The Valley's hotel market could see a slight increase in demand and a 3% increase in room rates, provided that a recession doesn't crimp tourism and business travel.
FLORHAM PARK, NJ-The petro giant's former international base, home to the company after its merger with Mobil, is being marketed for single- or multi-use tenancies.
HOUSTON-Raw land to industrial buildings headline this week's sales activity in Houston. Some undeveloped land is ticketed for retail developments, while a 3.6-acre tract will eventually house a full-service hotel.
NEW YORK CITY-Some industry analysts expect an economic slowdown would soften guestroom demand at a time when some markets are seeing substantial additions to their hotel inventory. Other sections of the country are experiencing less activity.
NEW YORK CITY-This city makes it tough for anyone to enter the hotel game, but that's precisely why some say it will continue to be healthy. Room occupancy continues to outperform the rest of the nation.