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LANSING, MI-Oakland County lawmakers insist on having a chance to make a pitch for a 250,000-sf NextEnergy complex, now slated for Wayne State University. The Pontiac Silverdome is among the sites that should be considered, they suggest.
PHOENIX-Investors in search of higher returns are pressuring Phoenix's "for sale" list for long-term leased properties. If the leases fall short of the profile, the asset easily can linger on the market for six months or more.
ORLANDO-LPG Urban and Regional Planners Inc. of Mount Dora, FL initially proposed an unprecedented density blending concept allowing large land owners to mix and match two or three different zonings on their property into one mixed-use tract.
DENVER-Mark Meiser has guided the residential and retail development efforts of TrizecHahn, Koll Development and Bill Denton. Now, he's planning to redevelop a multifamily building that once was St. Dominick's Church into condominiums.
AUSTIN-The 800-room convention center hotel's marketing staff is finding strong demand by corporate interests to select Austin as a meeting destination.
CYPRESS, CA-Given its location, the buyer's broker says the $126,761-per-unit purchase price was $10,000 to $15,000 below what the complex might have sold for because it was not aggressively marketed.
BELLEVUE, WA-The Teachers Annuity and Insurance Association provided the funds, which paid off a $64-million construction loan from Wells Fargo. The building is just under 90% leased in a CBD with a 25% vacancy rate.
PHILADELPHIA-Despite a slight rise in available space, the overall Pittsburgh office market remains stable, according to Mark Jablonski, research director for Insignia Oxford. Availability in the Greater CBD is 23.6%, compared with 19.9% in the suburbs.
ATLANTA-OneGeorgia Authority grants that channel funds from the state's tobacco settlement into economic development lured a furniture company into 278,000 sf of vacant distribution space in Thomas County and a tech firm to occupy 26,000 sf in Sumter County.
ATLANTA-On the heels of selling two buildings and 23 acres near the airport to Roush Racing for $13 million, the Charlotte-based developer begins pre-marketing Concord Airport Business Park on 10 nearby acres. Plans call for three buildings, totaling 130,000 sf.