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ORLANDO-The 254-unit, 730-bed, townhome-styled, fully-furnished Jefferson Lofts in east Orange County will rent for $495 to $975 per bed and will be the first of its kind under the county's new student housing zoning ordinance. The project will have 16 three-story buildings.
PHOENIX-With the highest number of vacant big boxes in the West, the Valley is fertile ground for discount retailers looking to tap middle-class dollars. Discounters are finding some sweet deals in the metro's upscale neighborhoods.
REVERE, MA- Newton-based New England Development wants to build a 250,000-sf retail complex on part of the 80-acre Suffolk Downs, a thoroughbred racetrack. The owners of the racetrack have been looking to develop the site for years.
LONDON-Department store operator Selfridges has paid Pounds 15.3 million for a development site on Glasgow's Trongate, where it plans to develop its fifth UK store.
A little more than a year ago, officials at all levels--federal, state and municipal--were carving up the spoils of a robust economy in the form of budget…
AUSTIN-The arts group possibly won its bid for the 28,000-sf building because it intends to remodel rather than raze. Occupancy is a few years out since the plan is to rehab. For now, it will be more storage space.
SANTA ANA, CA-Furnishing One Outlet signs a five-year, $2.3 million lease for 108,000 sf at Sears Distribution Center, a 316,751-sf building owned and otherwise occupied by the department store chain.
WASHINGTON, DC-The Mortgage Bankers Association of America comes out again for terrorism insurance legislation as Fitch downgrades nine AAA classes from three single CMBS transactions due to insufficient or non-existent terrorism insurance coverage. The certificates involve nearly $834 million.
DENVER-The multifamily complex built for short-term housing for visiting officers at Lowry Air Force Base has since been converted into 78 units of congregate care and 89 units of assisted living units.
FARMINGTON HILLS-A Philadelphia firm has purchased the 424-unit, multi-family Gateways community from Archon and plans to spend $700,000 to renovate the complex.