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MIAMI-A subsidiary of Four Starz Holdings expects to sign a contract this week on a vacant warehouse built in 1999 for $11 million on a 12.6-acre site just a few miles north of Downtown as part of its plan to build a film production empire.
PORTLAND-Moyer, developer and owner of the new Fox Tower office building in the heart of downtown, is talking with several parties interested in operating the track, but his interest in the 126-acre property likely foretells its eventual redevelopment.
PORTLAND-As CEO Hank Ashforth and new president Scott Langley work on fattening up the company's West Coast portfolio, 30-year industry veteran Bill Barendrick is brought on as the senior vice president responsible for managing the assets and increasing the company's third party management business.
KANSAS CITY-Business Men's Assurance Co. of America, the owner of the BMA Tower, says improvements are necessary to attract new tenants. The 38-year-old building would be only 50% occupied by this time next year, BMA says.
ANTIOCH, CA-Brentwood farmer and developer Bob Nunn cleared the second hurdle en route to seeing the project approved when the city council voted four-to-one in favor of the draft development plan.
DETROIT-Better amenities are being used to lure business travelers to keep using Northwest Airlines, says a spokeswoman. It is part of the $1.2-billion terminal project that takes up more than one mile of space.
NEEDHAM, MA-Newtown Senior Living LLC reports that it has entered the Connecticut market with the $6.3 million acquisition of Brighton Gardens, a 117-unit assisted living facility in West Hartford, from Marriott Corp.
NEW YORK CITY-Yesterday afternoon, March 22, city officials were on hand to witness the last garbage deposit at the Fresh Kills Landfill. With its retirement comes remediation and the call for a Master Plan for its future.
SAN FRANCISCO-A spokesman for 50% owner Shorenstein Co. says there likely won't be any announcements until a purchase and sale agreement is signed. Equity Office Properties and oil tycoon Marvin Davis are reportedly submitted two of bids being considered.