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BOCA RATON, FL-Locally-based Engle Homes Inc., which has homebuilding operations in seven states, is being acquired by Technical Olympic USA, the United States arm of an international construction company headquartered in Athens, Greece. The deal, including purchase of all Engle shares and assumption of debt, is valued at $465 million.
WELLINGTON, FL-Taubman Centers plans to open its 1.3 million sf Mall at Wellington Green, Palm Beach County, Oct. 5, 2001. It will be the second Taubman shopping center to debut in South Florida next year. The Michigan-based REIT will open the 1.4 million-sf Dolphin Mall in West Dade March 1 as a joint venture with Swerdlow Real Estate.
TACOMA, WA-Without using the traditional public-bidding process, city council members this gave a locally-based commercial art firm first dibs on buying the city's soon-to-be former vehicle fleet space at 2308 S. Holgate St.
OLD GREENWICH, CT-Insignia/ESG reports that it has brokered the sale of the former Allied Domecq Spirits & Wine USA headquarters here to Ivy Equities, a New Jersey based commercial real estate owner/developer.
VANCOUVER, WA-The House of Representatives approved legislation this week - and the Senate is expected to follow suit - authorizing the U.S. Army to transfer half of the 151-year-old barracks at no cost to the city.