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NEW YORK CITY-Cushman & Wakefield, based here, is working to fortify its Northeast Corridor presence with significant undertakings in one of its regional offices. A new executive has been appointed to lead the charge.
DALLAS-American Investment Mortgage is barred for five years as a FHA lender. HUD's review board alleges the Dallas firm has maintained an improper branch network plus allowed a satellite office to submit loans before it had been approved as an originator.
ORLANDO-The New York location could open in the first quarter at an estimated preliminary development cost of $5 million. The NBA won't receive a share of the operating revenue until the restaurant is profitable.
SAN FRANCISCO-Diane Olmstead, formerly EVP of institutional investments at RedBricks.com, is now iStar's EVP of investments. IStar is a publicly-traded company focused on financing for the commercial real estate industry.
EUSTIS, FL-U.S. Nutraceuticals plans to process raw materials, such as saw palmetto berries and kava-kava, and wholesale the product to national and international herbal supplement retailers and distributors. Eustis is 32 miles northwest of Downtown Orlando.
LOS ANGELES-Investment Development Services figures its spec building on county's northern rim will prosper as vacancies in San Fernando Valley keep dropping.
NORTH PALM BEACH, FL-Locally-based Bankrate Inc. doesn't deny signing a 10-year, 40,000-sf lease for a new headquarters at Abacoa Business Park in Jupiter, FL, but argues the space wasn't ready when it wanted to move in. That voided the contract, the tenant maintains. North Palm Beach is 90 miles north of Downtown Miami.
PHOENIX-A freeway that has already spurred development in north Phoenix is sure to bring even more since the announcement that its final leg will be completed 18 months ahead of schedule.
HUNTERSVILLE, NC-GE Polymerland Inc. and GE Sealants & Adhesives could aggregately employ 500 next year in the total 115,000 sf of newly-leased space at Huntersville Business Park and on NorthCross Drive. Huntersville is five miles north of Downtown Charlotte.