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NORTH HOLLYWOOD, CA-The L.A. City Council approves a plan by JSM Construction to erect the 15-story, 191-unit apartment tower at the corner of Lankershim Boulevard and Cumpston Street.
NEW YORK CITY-In a blow to World Trade Center leaseholder Silverstein Properties, an Appeals Court affirmed a decision that a jury would have to decide whether the terrorist attacks on the twin towers constituted one or two occurrences.
CHANDLER, AZ-The 242-room hotel and 85,000-sf fitness center will go up on a 7.4-acre tract, bought in recent days for $7.3 million. Scottsdale developer Jeff Cline intends to break ground in early 2004 on the Chandler Boulevard project.
IRVINE, CA-In addition to its recent disposition, the publicly held real estate investment and management company has also bought two office buildings and says three others are under contract.
CLINTON TOWNSHIP, MI-A Michigan bank is expanding with a 13,500-sf banking center here, which will serve both as a retail and commercial bank facility.
AHWATUKEE, AZ-A California woman buys into metro Phoenix's office market with the Security Title Business Plaza, a fully leased building in one of the metro's highest income areas. The $3.2-million acquisition satisfies a 1031 Exchange.
ORLANDO-Based on projected population growth through 2010, David W. Marks, president, Marketplace Advisors Inc., predicts new product totaling about six million sf annually will be needed in Florida to keep up with the needs of newly arriving residents.
RICHMOND, VA-And the winner is the Commonwealth of Virginia, as the state beats out other southeastern locales to serve as home to CarMax Inc.'s new 435,000-sf corporate headquarters.