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CHICAGO-Three buildings under construction or in the early planning stages have significant pre-leasing and anchor tenants, but it comes at the expense of older properties in a Downtown market that has suffered from job losses, professionals at RealShare Chicago noted.
WOODLAND HILLS, CA-The Denver-based apartment specialist buys an 11-acre site for a 522-unit development on a site that now houses a TV studio complex. Construction will start in about a year.
WASHINGTON, DC-Hospitality industry real estate guru C.A. Anderson comes aboard Interstate Hotels & Resorts' acquisitions and development team as the company looks to expand its management presence in time to take advantage of an anticipated pick-up in the hospitality market.
SAN DIEGO-Gil Johnson and Jennifer LeSar were sworn in Wednesday by San Diego City Clerk Charles Abdelnour to new three-year terms on the Centre City Redevelopment Corp. Board. Mayor Dick Murphy recently reappointed the returning board members.
ALBANY-A significant hurdle has been scaled by New York State and the St. Regis Mohawk Tribe in settling issues that could have thwarted the tribe from developing a $500 million casino resort in Sullivan County.
WHEATON, MD-Plans for The Montgomery at Wheaton Metro multifamily complex move full steam ahead with the recent groundbreaking on the 243-unit luxury property. Developers are spending $33 million to construct the apartment project, which is due to be completed next spring.
BOSTON-Two trucking companies put two one-acre parcels in the city's South Boston neighborhood up for sale. The properties are located near the new Convention Center and close to the redeveloped Seaport district and South Boston's residential neighborhood.
ATLANTA-After 12 months of searching for an all-star retail roster to occupy its planned 1.4 million-sf site at the open-air mall in Forsyth Center, the developer tells local government officials that the project may be delayed beyond the scheduled 2006 opening date.
AURORA, CO-Fitzsimons received the 2003 Technology Development Award for the new $4 billion medical center and bioscience park, which once completed will employ more people in Colorado than the ski industry.