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WHITE PLAINS-Starwood, reporting record third quarter results including a 32% increase in earnings per share and a 16% increase in revenues, also announces that it plans to sell its storied European Ciga Group of hotels.
CARLSBAD-The North County apartment market continues to heat up with the sale of the 72-unit complex. Built in 1972 and renovated last year, it is located less than two blocks from Carlsbad State Beach.
ORANGE COUNTY, CA-Foremost Business Park has purchased the Catellus Corporate Center in Anaheim from Catellus Commercial Group to hold as an investment.<p>
ORANGE COUNTY, CA-ICA Fluor Daniel was awarded a contract to provide detailed engineering and electro-mechanical installation on a cement plant in Coahuila, Mexico.
BELLEVUE, WA-Locally-based Mulvanny G2 Architects will design the 320,000-sf, five-story Tianjing Business Center in Tianjing, China. The firm also is a finalist for the Shanghai International Passenger Terminal, a 2.36 million sf project.
AUSTIN-Colliers Oxford Commercial seals deals with four tenants for a total 89,000 sf of industrial space. One Tech Plaza at 2113 Wells Branch Parkway gets two new tenants in the leasing activity.
LOS ANGELES-Privately held Colony agrees to pay $140 million for Resorts International Hotel & Casino on New Jersey's fabled Boardwalk. It also gets an option to buy an adjacent parcel of land for $40 million.
KANSAS CITY, MO- Upscale clothier Jack Henry is moving to new Valencia Place. The new location is 14,000-sf, while possible tenants for the old location are Polo and Crate & Barrel.
DENVER-A $16.8-million, short-term loan for the Amstar Group weds the Denver-based investor and developer to KeyBank, one of the nation's largest banks. The pact, says Amstar's finance director, opens doors to financial options for growth.