Development

RAHWAY, NJ-Diversified Communities has brought in DeBartolo Development to help build Rahway Town Center, anchored by 150,000-sf of retail.

BOONE, NC-Boone Point will contain 17,000 sf of retail space, 4,700 sf of office space and 10 condominiums.

FORT LAUDERDALE, FL-Tarragon Corp. sells a one-acre Downtown site planned for condos to Simmons Vedder & Co. for a development with office, hotel and retail space.

FLOWER MOUND, TX-Granite begins work on 90,200-sf and 61,800-sf buildings in the park after several tenant prospects clamor for new yet smaller distribution spaces.

DALLAS-Transwestern Dallas and Delta Associates kick off the forecast season, predicting the region's fundamentals stay in the black as the nation's economy slows.

NEW YORK CITY-After a 90-day RFP period, five bidders submit proposals to be evaluated by MTA staff and Hudson Yards Development Corp.

NEWARK-Summit Associates will break ground in 2008 for the new development on a 42-acre site recently acquired from Coca-Cola.

NAPERVILLE, IL-The 270,000-sf Springbrook Prairie Pavilion, being developed by Bond Cos. and MDC Properties, is more than 60% preleased.