MIAMI BEACH, FL-Condominium owners relinquished title to individual units in the six-story, 50,000-sf property in exchange for an equity stake, clearing the way for a Dec. 19 auction.
ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.
TACOMA, WA-City officials are inching closer to negotiating a purchase and sale agreement for a new hotel on the Greater Tacoma Convention Center site.
MONTICELLO, NY-An agreement reached Friday between Sullivan County, the St. Regis Mohawk Tribe and gaming giant Park Place Entertainment X finally has all parties focused on bringing gaming to the once famed "Borscht Belt.
TACOMA, WA- Two local residents have been found guilty of 11 counts of conspiracy, mail fraud and bank fraud in a real estate scheme that cost victims $2 million.
BOSTON-Four Seasons Hotel general manager Robin Brown leaves his job to establish CWB Boylston whose principals will be Brown, mall developer Stephen Weiner and Julian Cohen. The trio will focus on developing a luxury hotel and condominium complex here at the Prudential Center.
DALLAS-A $350-million credit facility is the push that's been needed for Meditrust Cos. to declare success for a turnaround plan. The freshly closed deal and moniker change to La Quinta Properties complete the health-care exit plan and lodging industry refocus.
PALO ALTO-The senior-living affiliate of Hyatt Corp. plans to develop a continuing-care retirement community on 22.4 acres adjacent to the university campus.
LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.
SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.