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CHICAGO-The US arm of Dutch developer pays a 39% premium in an all-cash deal for the shopping center REIT. The combination will create the third largest regional mall company in the nation.
MIAMI-As Terremark Holdings, the locally-based builder had been privately-owned and profitable for 20 years prior to its merger with publicly-traded AmTec Inc. For the first quarter following the merger, the company has reported a loss of $5.5 million on revenue of $1.8 million.
FOSTER CITY, CA.-The Internet infrastructure software maker buys the building in which it is the main tenant from Legacy Partners Commercial Inc. to lower its building costs and show that it's here to stay.
SAN DIEGO-The Downtown San Diego Partnership replaces outgoing president Laurie Black with another member of its executive committee, banker Fred Baranowski.
DENVER-More than $150 million is being spent to develop two multifamily complexes with a combined total of over 1,000 units. Jumping on Central Platte Valley's development bandwagon are Denver-based Archstone Communities and Houston-based Greystar Capital.
DETROIT-Medical Property investors has purchased properties from Henry Ford Health Systems, reflecting the city's vigorous commercial real estate resale market.
SAN FRANCISCO-The online shopping arm of Kmart is getting three dimensional with a brick-and-mortar store--of sorts--below is its headquarters on Fisherman's Wharf.