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Retail
Michigan Restaurant Chain Changes Hands
The Ferndale-based bd's Mongolian Grill has been sold to New York private equity firm Kinderhook Industries.
Colorado-Based Burger Chain Has Appetite For Growth
Smashburger, which was launched with just one store on Denver's Colorado Boulevard less than a year ago, plans to expand to 20 locations by year's end and eventually have 500 locations nationwide.
Lack of Discretion
In this tough economic climate, worried consumers have swapped “wants” for “needs.” As Ross Glickman, chairman & CEO of Urban Retail Properties L.L.C., puts it, “I think people are holding back on their discretionary spending. They’re waiting to see how the market goes.” That will potentially spell some hard times for specialty retailers that thrived during the long economic expansion—those in areas like jewelry, home electronics, clothing and restaurants.
 
Office
CT Takes Fleetwood HQ
Newport Beach, Calif.-based CT Realty Corp. has acquired Citrus Park, a 12-building office and industrial park in Riverside, Calif., from Fleetwood Enterprises Inc.
Commodity Firm Relocates Headquarters to Houston
TradeCapture Inc., is moving from Stamford, Conn., to Houston, where it already has an office.
Commodity Firm Relocates Headquarters to Houston
TradeCapture Inc., is moving from Stamford, Conn., to Houston, where it already has an office.
 
Multi-Family
AHC Celebrates Opening of 108 New Affordable Rental Apartments in Arlington, Virginia
AHC Inc., the largest nonprofit developer and owner of affordable housing in Northern Virginia, celebrated the opening of The Frederick, a nine-story building with 108 new apartments for low- and moderate-income residents, it has announced.
Home In on Green Ratings
Home builders have lamented in recent years that the U.S. Green Building Council’s Leadership in Energy and Environmental Design standards for office and institutional properties apply to single- and multi-family properties awkwardly.
Closing the Door on Condos
In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports.
 
Industrial
Sares Regis Takes California Industrial Facility, Plans Expansion
Sares Regis Group of Northern California has purchased Pinole Point Business Park in Richmond, Calif.
Procter & Gamble Leases 1.2MSF Suburban St. Louis Industrial Building
In an effort to fulfill its need for a large block of industrial space in the St. Louis area, Procter & Gamble has signed a lease that will expand an existing 580,000-square-foot distribution center into a 1.2 million -square-foot facility.
Survey Predicts Substantial Growth in Datacenters Over Next 12 Months 
In a new survey just released by Digital Realty Trust Inc., 86 percent of respondents, more than 300 senior IT decision-makers at Fortune 2000 companies, said their organizations will “definitely or probably” expand their datacenters in the coming 12 months. 
 
Hospitality
Dubai Hoteliers Surge as Part of Global Hospitality Explosion
Growth of global markets is providing an array of opportunities for hotel companies to expand worldwide. And certain pockets are exhibiting particular potential.
Service Counts
Choice Hotels International Inc. prides itself on its relationship-building efforts. According to francishees, the extra effort is paying off.
Boxer, Real Estate Hotshot Sells Stake in Promotions Business
Oscar De La Hoya, owner of real estate development company Golden Boy Partners, has entered into an agreement to sell shares in his Los Angeles-based boxing promotions firm Golden Boy Promotions to sports and entertainment venue developer and presenter AEG.
 
Seniors Housing
AHC Celebrates Opening of 108 New Affordable Rental Apartments in Arlington, Virginia
AHC Inc., the largest nonprofit developer and owner of affordable housing in Northern Virginia, celebrated the opening of The Frederick, a nine-story building with 108 new apartments for low- and moderate-income residents, it has announced.
Senior Housing Properties Announces Q1 Results
Senior Housing Properties Trust has announced its financial results for the quarter ended March 31, 2008.
Book Slams Retirement Communities
"Leisureville", written by Andrew D. Blechman, uses the Orlando-area retirement community The Villages as an example.
 
Mixed-Use
Development on Manhattan's West Side Falls Through
Tishman Speyer Properties was selected just six weeks ago to build the complex of office towers, apartment buildings, and parks over the railyards, the project is no longer.
Waterfront Toronto Waterfront Toronto Selects Development Partners for West Don Lands
Waterfront Toronto, a entity set up by the Canadian federal government and the governments of Ontario and Toronto, has selected development partners for the first phase of West Don Lands, a mixed-use project that is in turn part of a much larger, decades-long redevelopment of 2,000 industrial or formerly industrial acres along Lake Ontario near Downtown Toronto.
Atlantic Yards MTA, Tishman Speyer Hit Roadblock on Hudson Yards Talks
The massive redevelopment of rail yards on Manhattan’s Far West Side is in limbo after talks between Tishman Speyer Properties and a local transit agency broke down late yesterday afternoon.
 

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