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SACRAMENTO-According to the Nehemiah Community Reinvestment Fund, its proposal for a 65-acre residential, office and retail project could mean new economic opportunities, commerce and tenants for an underused warehouse district.
MIAMI-The Irving, TX-based check-cashing chain sold the stores, located in Dade, Broward and Palm Beach counties, to competitor CCS Financial Services Inc., doing business as The Check Cashing Store, based in Fort Lauderdale.
NEW YORK CITY-New Hyde Park, NY shopping center trust Kimco acquires Prometheus Southeast Retail Trust-owned mall REIT Konover in a $35.5-million deal. The new firm, called Kimsouth, will continue to operate out of Raleigh, NC.
PHILADELPHIA-Signaling the growing importance of the Northeast to its future, the Wyomissing, PA-based owner of two racetracks, and 11 off-track-wagering operations in this state alone, names 22-year industry veteran John V. Finamore executive vice president of Northeast regional operations.
TRENTON, NJ-Administered by DEP veteran Judith Shaw, the new office aims to put some teeth into the state's growth management plan by making it easier to redevelop contaminated sites.
CHICAGO-Aldermen decide to take a closer look at a proposed affordable housing ordinance, which advocates say does little beyond what department of housing policy already demands of developers receiving city financial help.
BOSTON-The city council rejects city Mayor Thomas M. Menino's petition to resurrect rent control in the city. While the real estate community is elated, city officials insist that the issue is still very much alive.
NEW YORK CITY-According to speakers at a recent event sponsored by Kaye Insurance Associates, President Bush will pass the Terrorism Risk Insurance Act of 2002 tomorrow morning. Once his pen hits the paper, all terrorism insurance exclusions will be null and void, and insurance companies must begin immediately offering the coverage to clients.
NEW YORK CITY-Two years after moving its base of operations from West Hollywood, CA to dual headquarters in Midtown and on Long Island, condominium developer Bluebell Assets has a Park Slope project under way and will begin construction on a Chelsea loft property in January.
PHOENIX-The Assistance League of Phoenix will convert the 8,370-sf building at 9224 N. 5th St. into a distribution and retail center. The property, on the market for about a year, will complement the main store along North 7th Street.