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ROMULUS, MI-Northwest Airlines ordered small commuter planes during the construction of massive terminal at Detroit Metro Wayne County Airport, so now it must tear down the finished product and rebuilt it.
VANCOUVER, WA-Having submitted proposals prior to the city's deadline, Garfield Traub Development of Dallas and Landmark Organization of Austin are now in the running with Renaissance Resources Group of Chandler, Ariz. and the Port of Vancouver to develop a Downtown hotel and conference center.
NEW YORK CITY-The financial services firm negotiates a short-term lease with expansion options in the Equity Office Properties Trust Tower at 65 E. 55th St. Colliers ABR brokered for the tenant.
MIAMI-A former Scotty's Home Improvement Center on Military Trail is being renovated at a $4 million construction cost ($97.56 per sf) that will make the location the largest dealership of its kind in South Florida, according to a prepared statement from the company.
PHILADELPHIA-Retail spaces at five top shopping centers in Pennsylvania and Ohio, averaging 1,800 sf each, are going up for bid on November 8. They are among 32 former Golf America stores nationwide.
SEATTLE-Overall vacancy rates in a three county area rose from 14.81% to 15.72% over the past three months, according to CB Richard Ellis. The vacancy rate in Downtown Seattle rose from 13.97% to 14.57%, while Eastside vacancy increased from 16.06% to 16.69%.
HOUSTON-A Houston LP gets the loan at 6% interest for Harvest Hills, an apartment complex in the city's southwest submarket. The 22-year-old complex is a 98%-occupied property assessed at $10.5 million.
PHILADELPHIA-The Shamokin Dam, PA, facility has reopened as a Quality Inn & Suites Conference Center following a $1.6 million renovation that added exhibit and conference space.
BOSTON-The Crosstown project nails down its financing, clearing the way for construction to start on the 175-room hotel and 650-car garage. The $65-million project is located at the corner of Melnea Cass Boulevard and Massachusetts Avenue.
ORION TOWNSHIP, MI-The two-decades old Orion Assembly Plant, which is suffering from the slow economy, gets redevelopment boost to build new Grand Am vehicles.