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DETROIT-SEMCOG says residential and commercial construction isn't moving away from this part of the state. It expects the region to be 50% developed in 30 years.
DALLAS-Home Marketing Services gives the nod to Summit at Preston Trails, signing an 11,204-sf lease for the three-building complex. The firm, relocating from within the North Dallas submarket, is planning an April 1 move.
NEW YORK CITY-The mixed-use development, a joint venture with the AFL-CIO Housing and Building Investment Trusts called Clinton Green, will include multifamily housing, retail, open space, performance venues and parking on 66,500 sf of city property.
WINTER PARK, FL-Developer Eric Kovar plans to break ground on Labor Day on the Lofts of Winter Park Village: a 176-unit, 500,000-sf apartment venture and have most of it completed by Memorial Day 2004.
CASTLE ROCK, CO-A high-end retail center, valued at $22 million, is now being built in this exclusive community. Early predictions forcast much success for it, however competitors wonder if there will be enough shoppers to go around.
ATLANTA-Despite protests, the city's Zoning Review Board has approved Sembler Co.'s planned 42-acre, 800,000-sf campus in one of Intown's oldest commercial, cultural and retail neighborhoods.
SAN ANTONIO-San Antonio goes to market with a AA rating from Fitch for the Texas Starbright Corp. The bond sale proceeds will be used to buy and convey 2,643 acres plus reimburse Toyota for a pick-up training facility for the new plant.
ORLANDO-The six-year-old development entity of The Norbert Corp. bought 3.25 acres for $410,500 at Orlando Central Park South where they expect to break ground in April on a $4 million, 50,000-sf office showroom/warehouse facility.
PHOENIX-Jim Fijan, Tom Adelson, Jerry Roberts, Dan Calihan and Brad Anderson walk away with top honors for 2002 deal making in metro Phoenix. Calihan's dedication to Arizona commercial real estate earns "deal maker of the year.