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ORLANDO-The Chicago investment family, matching rival Hilton Hotel Corp. project for project, is starting the venture with a 1,500-room hotel that will be built to house another 1,000 rooms in five to 10 years. The Orlando hotel then would surpass Hyatt's largest property in Chicago by 500 rooms. Orlando currently boasts of having 111,000 rooms, the highest in the nation.
KANSAS CITY-The city council's finance and audit committee approves the sale of up to $20 million in revenue bonds to redevelop the former hospital, which was taken by HUD in a $14-million foreclosure and sold to the city for $1.
CHATHAM, NJ-The real estate firm, based here, has arranged a lease at an Edison property, coming on the heels of two other leasing transactions that total more than 100,000 sf for leading computer systems company.
SCHAUMBURG, IL-The company, which hosts conferences via audio, video and the Worldwide Web for Fortune 500 companies, will move into the building in Three Lakes Business Park in late spring.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide reported that it assumed management of the former DoubleTree Hotel at Liberty Center in Pittsburgh and has renamed it The Westin Convention Center, Pittsburgh.
ANAHEIM, CA-TDK Semiconductor, a division of TDK USA Corp., will move its operation into the new facility by April. The building at 3190 Miraloma Ave. was sold for $12.4 million by Fujitsu Business Communication Systems.
SANTA FE SPRINGS, CA-Spectrum Lighting moves its corporate headquarters from Orange County to a newly purchased 31,008-sf building at 13415 Marquardt Ave. here in a deal valued at $2.2 million.
WASHINGTON, DC-The Urbans Land Institute, a nonprofit education and research institute focusing on providing responsible land use leadership, named Peter H. Monroe as its executive director and Richard M. Hance as its senior vice president.