Regional Digests

October 3, 2003 Indianapolis Star Marsh USA and Mercer Human Resource Consulting, both Marsh & McLennan companies, are moving across the street from First Indiana Plaza to Bank One Center in Indianapolis. The businesses will occupy the 43rd floor of...

October 3, 2003 Chicago TribuneTrizec Properties Inc., a Chicago-based REIT, has a contract to sell Desert Passage, a troubled retail center in Las Vegas, for about $235 million, a price that would exceed expectations, according to a report issued Thursday...

October 3, 2003 A joint venture of Charlesbank Capital Partners LLC and Winston Hotels (NYSE:WXH) has acquired the 190-room Best Western Park Place Suites in downtown Houston for $10 million. Concord Hospitality Enterprises Co. will operate the hotel and hold...

October 2, 2003 The Edison and Boston offices of Holliday Fenoglio Fowler LP teamed up to secure two permanent financings totaling $10.45 million. Tom Didio of the Edison office and Shawn Herlihy of the Boston office arranged a $5.25 million...

October 2, 2003 Keystone Property Trust (NYSE:KTR) and joint venture partner CalEast Industrial Investors LLC have acquired a 160,843-square-foot distribution center in Clifton, N.J. for about $9.8 million. The distribution center – on about nine acres at 230 Brighton Road...

October 2, 2003 Seattle Times (First Item)Simon Properties, the owner of Northgate Mall in Seattle, has agreed to sell a 5.9-acre lot south of the mall to developer Lorig Associates and investment group Stellar International for possible mixed-use development. The...

October 2, 2003 Seattle TimesPaul Allen yesterday bought three acres in Seattle at the intersection of Mercer Street and Westlake Avenue North for $21.25 million from Mike Foley. Vulcan, Allen's company, paid about $187/sf for the land, among the highest...

October 2, 2003 Chicago TribuneWhole Foods Market Inc. has agreed to anchor Center on Halsted, a proposed mixed-use development on the North Side of Chicago that also would include a non-profit community center. The three-story project, to be located at...

October 2, 2003 Paragon Real Estate Equity and Investment Trust (AMEX:PRG) has completed the sale of its general partnership interests in four industrial properties in Minnesota for $8.275 million. Paragon, formerly Stonehaven Realty Trust, will use proceeds for general corporate...

October 2, 2003 Austin-American StatesmanWal-Mart is dumping plans to build a supercenter over the Edwards Aquifer in Austin, Texas. The company said late Wednesday that environmental concerns were driving it from the northeast corner of Slaughter Lane and MoPac Boulevard....