NEW YORK CITY-Now that the mold issue has crept into the industry's collective consciousness, banishing the slimy stuff has become an important consideration. A recent seminar on "Mold Mania" examined strategies for dealing with this growing problem.
URBANDALE, IA-The country-club style multifamily community was sold by apartment REIT Aimco to local investment firm BH Equities. The complex includes a nine-hole golf course, tennis courts and a fitness center.
NEW YORK CITY-Westchester Fire Insurance Co. takes another five-year lease at the Durst Organization's 45-story 1133 Avenue of the Americas office tower, quadrupling its former quarters there.
MEXICO CITY- the Sheraton Centro Historico Hotel & Convention Center is White Plains, NY-based Starwood's 20th development in Mexico. Company officials tout it as the capital city's largest meetings and events hotel facility.
NEW YORK CITY-Last month it was a $43-million investment in six Paris assisted-living facilities. Now, W.P. Carey has taken on a 15-property health club portfolio in the US. Seller Wellbridge will continue to occupy the assets under a single 20-year net lease.
NEW YORK CITY-The hotel industry vet moves from Starwood to Tishman, where he'll take over THC's entire 10,000-room hotel portfolio. The appointment was announced yesterday by company chairman and CEO John A. Vickers.
MADRID-In its fourth major deal this year, ProLogis European Properties Fund will buy a 123,677-sf industrial facility here and lease it back to Geodis Teisa, which uses the space to house its Madrid-area parcel sorting and distribution operation.
CARBONDALE-The facility is sold by a family trust to investment group Quadrangle Apartments LLC. Located across from Southern Illinois University, the asset is 100% occupied. Sperry Van Ness brokered the deal.
NEW YORK CITY-After working out of its emergency backup facility in Queens since its 4 World Trade Center operation was destroyed in the Sept. 11 attack, the Board of Trade will share space with the Mercantile Exchange come September.
LAS VEGAS-Site owner Simon Property Group and Park Place Entertainment Corp., Caesars' parent firm, pave the way for a 175,000-sf addition to the 500,000-sf retail center. Completion is expected in fall 2004.