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SHERBORN, MA-A developer wants to build a 12,000-sf office and retail building in the center of town on a piece of prime real estate. But his permits for the project have expired and the town is threatening to seize the land.
SAN JOSE, CA-If passed, Measure F will add 4% to San Jose's hotel guest taxes to raise $370 million for the San Jose McEnery Convention Center, which city officials say is desperately need of expansion and renovation.
LONDON-The UK has become the number one destination for global real estate investment, rising from fifth place last year according to a new survey from DTZ Debenham Tie Leung.
TRENTON, NJ-The document, a follow-up to an earlier summit on the subject, focuses on everything from speeding up approvals in designated areas, to a homebuyers' incentive program.
ITASCA, IL-A group represented by Rolling Meadows-based DK Realty Partners acquires the 38,325-sf building on 3.35 acres at 325 Spring Lake Dr. for $5.04 million when it fails to find a multifamily property producing the office asset's 9% capitalization rate.
SEATTLE-Flush with cash after selling and leasing back its three-building, 158,000-sf headquarters in the city's South Lake Union neighborhood, the locally based pharmaceutical company buys the remaining property needed to house its future manufacturing site.
MIAMI-The 332-bed center, estimated to cost as much as $45 million, is likely to go up in the southern part of Quantum Park in Boynton Beach, FL--despite local protests. It is expected to comprise four buildings and 104,662 buildable sf. First-phase construction is set to start early next year.
DALLAS-UT-Southwestern Medical School and the Certus Group cap a year of talking for wet lab space to launch its Cytogenetics research. UT signs a five-year lease for Research Row Biolabs. The lab rolls out in January 2003.
TACOMA, WA-M.A. Mortenson Co. and the development team is set to begin building the Tacoma Convention and Trade Center, the largest city-led capital project both in size and cost, since the Tacoma Dome was constructed 20some years ago. Demolition and site preparation wrapped up earlier this month.
BERKELEY, CA-Already in prison for bringing young Indian females into the country for forced prostitution and cheap labor, a major Berkeley apartment owner stands to lose some $70 million in assets if he loses a class action lawsuit filed by nine of the women.