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VAN BUREN TOWNSHIP, MI-The automotive research and design firm has built a $12 million office and engineering facility on its existing property, and signed a 20-year lease with DeMattia with expectations of continued growth over the next three to five years as automakers embrace strategic product development outsourcing.
CARROLLTON, TX-M/PF Research's market data for 58 metros and Torto Wheaton's forecasting expertise will be bundled into two new Web-based products aimed at multifamily investors and lenders. The first of the quarterlies rolls out at the end of May.
NEW YORK CITY-The retail industry here has gotten a bit of a boom recently with Coliseum Books and Forever 21 signing leases in Manhattan for a combined total of 36,000 sf. Forever 21 also inked a separate lease for a 20,000-sf store in Brooklyn.
PORTSMOUTH, NH-Lodging Econometrics latest data for '02 show the US hotel development pipeline declining for the fourth consecutive year, a scenario the firm's analyst's expect to continue for most, if not all of 2003.
RICHARDSON, TX-Blue Cross/Blue Shield of Texas steps in as the lead tenant for Greenway II, now bearing Nortel's name. The class A lease came with a long-term commitment in a deal described as fair to customer and shareholders alike.
MILAN-ProLogis European Properties Fund buys four distributions, each located in a different industrial park situated between three and 43 miles from the city. All four are fully leased to TNT Logistics.
DENVER-Corporex Colorado has expressed interest in developing a new hotel across from the new Downtown convention center, but the plans are still in their earliest stages.
CHESAPEAKE, VA-The Dillard's store at the Greenbrier Mall gets set for a massive makeover as officials of the Little Rock, AR-based retail chain prepare to reinvent the outlet into a 160,000-sf store. Construction is on target to begin next month and will conclude next spring.
DENVER-As part of the Ball Park neighborhood's revitalization, JPI began construction on Jefferson at CityGate which promises to seamlessly fit in with the industrial-style architecture by incorporating elements consistent with nearby historic buildings.
DETROIT-Commercial development to address a growing metro population should occur in current urban locations rather than green space areas, says council.