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MIAMI-Eight separate complaints claim the Miami-based commercial construction equipment rental company breached fiduciary responsibilities owed to shareholders. Neff Corp. denies the allegations and argues the charges are meritless.
BRAINTREE, MA-Peabody Construction begins construction on The Peabody Building here, a three-story Class A office building. The construction company plans to occupy half the building and lease the rest.
ATLANTA-The locally based hospitality firm opened eight hotels in six states in the fourth quarter, adding 1,000 rooms to the GuestHouse flag. The Suburban Lodge Extra brand opened a sixth property in Chicago in the last quarter, increasing its count to 119 operating hotels with 16,000 rooms.
ATLANTA-Realty Development Corp. is turning the 73,289-sf former National Linen Service plant into 60 intown condos priced from $155,000 at the Village at Freedom Parkway community.
RED BANK, NJ-The properties are located in Long Island's Nassau and Suffolk Counties, and the total package brought almost $164.7 million in funding from a variety of lenders.
RICHLAND, WA-Owners of the two-building, 189,455-sf Tri-City Professional Center are betting an anticipated boon from a $10 billion to $15 billion Hanford project will help them unload the property they have owned for well over a decade.
DENVER-City council has quashed a controversy over a $100-million redevelopment of a Sears Roebuck & Co. property. Council has signed off on a zoning change on its height restriction following four hours of listening to the pros and cons.
ATLANTA-MCN Enterprises paid PruCrow Industrial Properties of Texas $8 million for the three-building Atlanta International Industrial Park southeast of the city.
PHOENIX-In response to a worldwide economic downshift, Intel announced that is will delay construction of a 320,000-sf office building, but will move forward on completion of its $2-billion chip fabrication plant currently under construction.
BOSTON-Boston comes in third in the Association for Foreign Investors in Real Estate's annual survey of best US cities for their investment dollars. Investors like the city's controlled growth and financial base.