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DETROIT-A $9 million Mack Alter Square is planned to go up along Mack Avenue on the city's east side. Money will be raised with the help of non-profits and city assistance.
CHICAGO-Rev. James T. Meeks entered the political arena last year, winning a state senate seat. He also has donned a developer's hat, proposing a $42-million, 270,000-sf church and community center northwest of the 115th Street interchange at the Bishop Ford Expressway.
ROMEOVILLE, IL-Triple A Services has paid $3.6 million for the 61,120-sf building at 1225-27 Lakeside Dr., where it will occupy half of the building and rent out the rest.
LONDON-A new report from FPDSavills highlights the pressure facing the central London development market. In particular the disappearance of investment purchasers is forcing developers to focus on the owner-occupier market.
WHITE PLAINS, NY-Coming on the heels of a major lease with Ameriquest Mortgage earlier this year for over 100,000 sf, at 333 Westchester Ave. Cohen Brothers Realty reports it has secured a 22,000-sf deal with the Whitman Education Group at the building.
COSTA MESA, CA-The company expects to invest in commercial, industrial and retail real estate, including inner city shopping centers and retail stores, in California and other parts of the country.
HOUSTON-Regal Beverage, a start-up distribution company, and B&G Popcorn move into 3,000-sf office/warehouse spaces in separate buildings in the northwest submarket. Both sign long-term leases at buildings with a going rate of 55 cents per sf gross.
BOYNTON BEACH-Levitt Commercial begins construction on phase two of the 133,000-sf High Ridge Commerce Center, a 10-acre condominium warehouse project. The first units should be delivered by late in the fourth quarter.
ELGIN, IL-Wisdom Adhesives has bought a 31,050-sf building at 1575 Executive Way from CenterPoint Properties, which had been open to a lease deal, while Elarasys Properties LLC has acquired 180 Corporate Dr. in separate deals totaling more than $3 million.
AURORA, CO-Commercial buildings along East Colfax Avenue here will get a $2.2 million, public-private partnership this summer with more than a dozen properties planned or underway along the city's historic corridor-33 blocks from Yosemite Street to Peoria Street.