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SACRAMENTO, CA-Two of the struggling furniture chain's locations are located here and a dozen more are scattered throughout Northern California; the sales are part of its Chapter 11 Bankruptcy reorganization plan.
ANDOVER, MA-Developer Martin Spagat has hired Sonnenblick-Goldman to market the three-building complex, either for outright sale or as a partial interest.
ORLANDO-Flush with cash from record first-quarter earnings and holding a new aggregate $500-million credit line, the nation's largest casual dining company is growing its Red Lobster, Olive Garden, Bahama Breeze and Smokey Bones outlets over the next 12 months.
FORT LAUDERDALE, FL-This city's beachfront, which had not seen a new hotel open since 1984 when the 602-room Marriott Harbor Beach Resort was completed, is in line to gain five new properties. Sarasota developer John McDonald is involved in two of the ventures.
ATLANTA-Macauley Properties is developing Ridenour, a $280 million, 88-acre, mixed-use project with 24 acres of green space near Kennesaw Mountain in Cobb County, northwest of Downtown.
HOUSTON-Memorial City Mall, leased and managed by General Growth Properties, is undergoing a $300-million upgrade. Improvements to the 1.3-million sf mall include a new 300,000-sf Foley's, the largest in the 59-store chain.
SANTA CLARA, CA-ColoConnection, a branch of telecommunications firm Terremark Worldwide, is leasing a 45,000-sf co-location site here that will house telecommunications equipment for multiple clients.