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OAK BROOK, IL-Leasing agents have dealt with 20% of the portfolio rolling over this year, and the suburban office REIT continues to pursue sales of individual assets as well as the entire company.
MAPLE GROVE, MN-The 120,000-sf research and development facility would cost $12 million to build, more than two or three times that to outfit, according to a city official.
WHITE PLAINS, NY-Westchester commercial real estate developer and investor Robert Weisz, president and CEO of the RPW Group said real estate values and asking rents in the county will go up steadily in the next few years.
MEDFORD, MA-Merchant Realty Associates acquires a 35,000-sf six-property portfolio in a sale/leaseback deal from Citizen's Bank for about $9.2 million, while Hajjar Realty & Management buys a two-building portfolio for $2.8 million.
CHANDLER, AZ-The third time was the charm as Wal-Mart and the city planning commission come to terms over a "supercenter" project for a 60-acre parcel at Arizona Avenue and Pecos Road. The final decision now passes to city council.
DALLAS-Jack Fraker, CBRE's executive vice president of investment properties, takes the top peer-review honor from the North Texas Commercial Association of Realtors. This year, as before, the brokerage community packed the house for the event.
MINNEAPOLIS-Affordable Housing Cities' awards include Apple Valley, Vadnais Heights, New Brighton, Columbia Heights, Eagan, Minneapolis, New Hope and Ramsey.
DETROIT-More planning--and more funding--is in hand for the effort to redevelop Detroit's Riverfront. Mayor Kwame Kilpatrick says an architectural team has now been selected "to start the visioning process for the west riverfront.