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NEWNAN, GA-City officials want to make certain the area's 17,000 permanent residents will have a balanced mix of multifamily, townhomes and single-family residences. Projects previously submitted are not affected by the moratorium, city staffers tell GlobeSt.com.
WAKEFIELD, MA-Shaw's supermarkets gets the special permit it needs to build a 56,000-sf store in the historic Robie Industrial Park. A citizen's group opposed to the project has threatened to appeal the decision to the state.
EL CENTRO, CA-CBL & Associates Properties Inc. plans to break ground later this year on the 768,000-sf Imperial Valley Mall in a joint venture with a Dallas firm.
BOSTON-Harvard University expands its real estate holdings again, this time by acquiring two parcels in the North Brighton neighborhood. The university says it has no plans for the properties in the near future.
HOUSTON-Toyota's new love for Texas temporarily shifts from San Antonio to Houston, where the vehicle manufacturer secures naming rights to the CBD's newest economic stimulus, an 18,500-seat multi-purpose arena due to open in early September.
CHATTANOOGA, TN-Located in Fayetteville, NC, and the Virginia cities of Lynchburg, Colonial Heights and Roanoke, the malls comprise 3.25 million sf that is currently 90.9% occupied. CBL expects the properties to generate an initial yield of 8.56% based upon current income.
SAN DIEGO-The Hanbit Church of Korea acquires the asset from McKenna Color Labs Inc., which originally purchased the property for $1.9 million in 1999. The new owner plans to convert the industrial facility into a house of worship.
ORLANDO-HUD Secretary Mel Martinez, a former Orange County chairman, plans to name a receiver at the 467-apartment complex managed by the Sanford Housing Authority, 25 miles north of Downtown Orlando, by Aug. 1.
DALLAS-Longtime friends Andrew Beckman, Steve Shrum and Morris Orr are back together again professionally after a 16-month hiatus. This morning, the trio opened the door to a 3,000-sf office in Dallas to light Glacier Commercial Realty.
LONDON-The Central London office market is still under pressure with vacancies rising in most of the key sub-markets. As a result rents are falling, incentives increasing and leases shortening, according to a new survey from Jones Lang LaSalle.