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ATLANTA-A November ground-breaking is set for Galleria 600, a 432,000-sf, 18-story, $80-million spec tower being developed by Childress Klein Properties in the tight Cumberland-Galleria office area of Cobb County.
SAN FRANCISCO-Joseph Cala, who hopes to build nautical-themed hotels to attract "eco-tourists," is relocating his business from Oklahoma City; but whoah, those office prices are crazy.
ORLANDO-In a bizarre midnight scenario, law enforcement officers in three countries commandeered the vessels after Donaldson, Lufkin & Jenrette filed court papers alleging the 17-year-old Port Canaveral-based operator had defaulted on mortgages held by the New York investment banking firm.
NEW YORK CITY-Bear Stearns analyst warns of potential lodging industry drop-off amid a drop in the mid-size investment banking firm's own reduction in income, reflecting shift in the economy.
DENVER-The Denver office of Marcus & Millichap has sold a seven-property self storage portfolio for Illinois-based U-Stor-It Self Storage Inc. The portfolio sale to three different buyers contains 544,000-sf of gross space.