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TROY, MI-An old Hilton Hotel site at Maple Road and Stephenson Highway here will be the site of five-story, 275,000-sf office building developed by Kojaian Co. The plan commission says it meets city requirements.
SAN DIEGO-A jury here awards $1.5 million to the heirs of city forefather Alonzo Erastus Horton, ruling that government officials should have offered more than $100 million when they took the property away by exercising its powers of eminent domain.
CHICAGO-Tenants of 188 W. Randolph St. say the closing was "overkill," but city officials say their mandated precautions may save a life while they try to find a solution to falling terra cotta from the 46-story building.
DALLAS-About $500,000 in upgrades are under way at the 243-unit Dallas Royal Oaks, which has just changed hands. The 25-building property in southeast Dallas also gets a new management company in the deal.
ORANGE COUNTY, CA-Local Grubb & Ellis office brokers two deals with out-of-state firms totaling $12 million. The deals involve sale of the Art Institute Building in Los Angeles and lease of an industrial space in Fullerton by a linen manufacturer.
HOUSTON-The Great Indoors is headed to Houston, where parent company Sears has just acquired a 12-acre tract. The property is located off Interstate 10 and east of Beltway 8 in an established retail corridor.
THOMPSONVILLE, MI-A new clubhouse, which will be topped by 12 condominiums, is part of a 10-year plan, along with other resort expansions such as another golf course and more ski slopes.
STAMFORD, CT-Three brokers working out of Cushman & Wakefield of Connecticut offices here--Stephen Baker, Jay Hruska and Paul Kauffman--have been named among the firm's top 100 brokers for the year 2000.
IRVINE, CA-An industry analyst says there is more parity today between REIT shares being traded on Wall Street and value of the underlying real estate.