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DENVER-A $12-million renovation to the Radisson Stapleton Plaza nears completion. The hotel is now seeing occupancy rates equal to 1995 when the international airport closed its doors.
REDWOOD CITY, CA-In an effort to maintain a retail base, two cities are temporarily restricting "Internet-based businesses" from building, leasing or renovating certain space, and two others are considering it.
STOCKTON, CA-Bank of Stockton, Farmers & Merchants, Bank of Agriculture and Commerce, and Pacific State all yielded returns above 1% for the year ended June 30.
ROCKFORD, IL-Distribution facility developer is building a 122,500-sf speculative warehouse near its hometown. Proximity to Chrysler plant and UPS hub in Rockford cited.
NEW YORK CITY-Moody revised its rating following Bradley's merger into the Heritage Realty Investment Trust amid concerns that the firm has yet to demonstrate it can add value to a large, diverse portfolio.
ORLANDO-Eight-month-old Public Safety Group projects sales of 2,000 at $1,495 each, or about $3 million over the next 18 months. The five founders have a combined 100 years experience in law enforcement. But their plans for marketing the new product may be crimped as they battle a lawsuit filed against them by their former employer, HTE Inc., on non-compete allegations.
CHICAGO-An 11-year agreement will result in the first on-line databank of appraiser-verified commercial property information. The site is scheduled to go live in the first quarter of next year.
CHARLOTTE-MortgageRamp and Allied Capital Express see mutual benefits in the joint partnership. MortgageRamp gains entry to Allied's small business community clients. Allied wins a ticket to sell a mix of products to MortgageRamp's commercial real estate client base.