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PORTLAND-"We have a deal in the works for just about every retail space in blocks Two and Four," says Mark Edlen of Gerding Edlen Development, the firm behind the 1.7-million-sf, five-block redevelopment project on the southwest edge of Downtown Portland.
DETROIT-Business accelerators bring in new firms to areas with financial assistance for new technology. The Michigan Economic Development Corp. awards $2.5 million to six SmartZones.
PHOENIX-Specified Electrical Contractors makes the transition from leaseholder to deed holder with the acquisition of the 7,464-sf industrial building. It is one of a three-building development owned by the Chamberlain Family Trust.
CAMBRIDGE, MA-The biotech market continues to thrive--most notably due to Novartis's 400,000-sf deal--while the office market still struggles despite some signs of life, according to second quarter market statistics compiled by Meredith & Grew.
HOUSTON-Holliday Fenoglio Fowler gets the contract to hawk the mostly empty, mostly shell Enron Center South. A decision will be made Sept. 30 by the creditors' committee at a New York City closed auction for a short list of would-be buyers.
PHILADELPHIA-Two area real estate veterans join the Wayne, PA-based affiliate of ONCOR International. Kurt Montagano is named vice president at the company's Mount Laurel, NJ office, and Edward Piscopo becomes corporate marketing director, based in the firm's Wayne, PA headquarters.
LONDON-Property returns are improving at a time when other investment media are causing investors concern, new research from JLL and Insignia has found.
MIAMI-Locally based Alliance Construction LLC is constructing the 10-garden style, 204-unit community at 11900 NE 16th Ave., North Miami, FL. The hard construction cost is $10.3 million or $50,490 per unit.
WASHINGTON TWP., NJ-The pending sale of a 31-acre tract to the two developers by a local businessman depends on whether the township goes along with the proposed rezoning.