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DETROIT-A $12.5-million welcome and cultural center, along with 45,000 sf of office and retail space, will be built at the base of Ambassador Bridge. The non-profit 501(c)(3) Mexicantown Community Development Corp. is building the project.
PHILADELPHIA-Approximately $27 million in state and municipal dollars over the next 20 years encourage Sidney, NE-based Cabela's Retail Inc. to locate its first East Coast store in Berks County, PA. The retailer adds $20 million to the pot.
LONDON-Workspace, the specialist provider of small business space, has spend another pounds 20 million ($31 million) adding to its portfolio, including the purchase of a key site on London's South Bank.
EATONTOWN, NJ-The 1.5 million-sf super-regional shopping complex, originally built in 1960, has been acquired from Equity Properties by a partnership that includes the Vornado, Kushner and Ashkenazy organizations.
PORTSMOUTH, NH-Lodging Econometrics, a locally based hotel industry research firm, indicates that the development pipeline for hotels nationwide is slowing down, providing the industry with an opportunity to recover from the economic recession and the 9/11 terror attacks.
BOULDER, CO-The 26,320-sf, single-story, light industrial building at 4750 Nautilus Court South is mortgaged for $1 million. An affiliate of Woodspear Properties owns the building and leases it to Hauser, Inc.
CHICAGO-A one-story crane factory at 412 N. Carpenter St., in a River West neighborhood that has seen extensive redevelopment, is on the auction block Oct. 29 by order of the US Bankruptcy Court.
ARLINGTON, VA-The new $5 million commercial development above the Courthouse Metrorail Station makes its debut as tenants Strayer University, Suntrust Bank and CVS open their doors in the new 54,000-sf space.