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DETROIT-A Hawaii school fund owns 390,000 acres across Michigan's Upper Peninsula and wants to sell the property. Governor John Engler wants to buy land with private help to keep it for logging and recreation purposes.
HOUSTON-The 50-year-old fast-food chain takes one of three outparcels at the 116,252-sf center, which will deliver in November. Whataburger's plan is to unlock its doors at the same time as the Northwest Houston center's grand opening.
WHITE PLAINS, NY-Developer Louis Cappelli says he is studying the possibility of developing condominiums at his $300-million City Center at White Plains development, which is currently under construction here.
SAN DIEGO, CA-The unemployment rate in San Diego County drops from 4.4% in July to 4.1% in August, according to the latest report from the state employment department. The state's overall unemployment rate is 6.2%.
ARLINGTON, TX-Two fires fail to block the Covenant Group from delivering a prototype for affordable housing for the 55 and over crowd. The long-range plan is to have a dozen of the full-service communities in the South and Southeast.
ORLANDO-The 484-unit Saratoga Springs Resort Spa is being built within the dying, five-year-old, 16-acre Disney Institute near Downtown Disney and Pleasure Island. Units will sell for $12,000 to $150,000 per week.
MAHWAH, NJ-The money will help the buyer pay for its recent acquisition of four buildings totaling 400,635 sf at Mahwah Business Center. Cushman & Wakefield arranged the funding through Principal Capital.
BELLEVUE, WA-The Master Builders Association of King and Snohomish counties is seeking a more spacious office and has set its sights on the City University building. The group's board will vote today whether to purchase the CU facility for $5 million and ultimately unload its current headquarters for $1.6 million.
LOS ANGELES, CA-Former Staubach and Credit Suisse executive J.D. Cook, a 25-year industry veteran, joins the company as a senior vice president of the tenant-focused firm's L.A. office.
DENVER-The 140,000-sf build-to-suit by Westfield Development Co. Inc. allows Colorado's oldest and largest provider of workers' compensation to save $500,000 in the first year of ownership. It replaces 165,000 sf of leased space about three miles away.