MINNEAPOLIS-The two partners had invested $55 million to reposition to the Radisson Aruba Resort & Casino. The investment in the resort is part of Radisson's growth strategy in the Americas.
HARRISBURG, PA-Under Sam McCullough, Pennsylvania was ranked in the top 10 among states in economic development. He also helped launch the state's Keystone Opportunity Zone program.
PHILADELPHIA-The office/warehouse buildings in Lehigh Valley are 96,235-sf and 64,800-sf facilities, with both filled with tenants such as Federal Express Corp., Adelphia Communications and Packaging Corporation of America.
WEST CONSHOHOCKEN, PA-Keystone Property Trust is using some of the $31.6 million it raised in two recent stock offerings to buy back 1 million convertible preferred shares as well as redeem 300,000 convertible preferred of its operating partnership.
CINCINNATI-The Bayport, MN-based window maker agrees to pay $2.68 per sf, according to Colliers Bennett & Kahnweiler, or $2.17 million over the five-year term for space at 3001 Kemper Rd.
PHILADELPHIA-Gov. Mark Schweiker asks General Assembly not to "rush it" as it tackles property tax reform in a special session. "Philadelphia is one of the most heavily taxed cities in the country," says Sperry Van Ness regional manager John McDermott.