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DETROIT-The township, located directly in the path of new development northwest of Metropolitan Detroit, is taking steps to make early plans for a growth boom that's projected in the next 10 years. The city has no extensive water and sewer system, halting any larger development plans.
BEAVER CREEK, CO-Harry Frampton, managing partner of East West Partners is the new chairman of the Urban Land Institute. His priorities include continuing the momentum begun by ULI for smart growth development, with a particular emphasis on suburban smart growth.
CARSON, CA-The purchase of the Coral Tree Business Center is part of the company's previously announced plan to buy $50 million of industrial property over the next year. The new portfolio member is a 94%-leased, three-building asset.
WASHINGTON, DC-A poll conducted on behalf of the National Low Income Housing Coalition concludes that 57% of likely Democrat and Republican voters see the availability of affordable housing in the US as an issue that should take precedence over tax cuts.
RANCHO CUCAMONGA, CA-The insurance firm signs a five-year lease, with a $5-million price tag, for the Atrium at Empire Lakes, marking what brokers say is one of the largest leases in two years in the Inland Empire.
NORTH ANDOVER, MA-The Lawrence Airport Commission approves a deal that would bring an industrial park to the Lawrence Municipal Airport. The project still needs approval from the city of Lawrence and the Federal Aviation Administration.
CANOGA PARK, CA-Dropping rates to beat the market, 6800 Owensmouth goes from 59% to 96% leased as five tenants put final signatures to long-term leases at below-market rates for a lease-up in less than a year.
STATEN ISLAND, NY-A one-year moratorium has been placed on any development of wetlands in the mid-island section of Staten Island. The law was enacted to provide New York City with time to develop a wetlands protection plan.
CHICAGO-Jerry Rosenwasser, owner of 11-15 N. Wabash Ave., fails to get assurances that the new Jewelers Row landmark district will allow for an expansion of his three-story building.
LONDON-Electricity Supply Nominees has purchased the freehold distribution investment of a 101,110-sf shed outside Birmingham. It paid 7.98-million-pounds ($13.2 million)