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DETROIT-Plans for three hotel projects should be moved to the historic Fort-Shelby, Book Cadillac and the Statler, says Jay Juergensen, to create enough hotel rooms to lure the 2004 Democratic National Convention.
DALLAS-Southwest Bindery signs the deal with EastGroup Properties as a result of "aggressive" negotiations that end in a 10-year contract. The inbound tenant exits 40,000 sf for the expansion move and state-of-the-art equipment.
ST.CHARLES, MD-St. Charles planned community developer American Community Properties Trust and Charles County have come to an agreement that will help facilitate the early completion of the 9,100-acre, mixed-use community.
NEW YORK CITY-Yesterday's routine conference call on quarterly results became anything but routine as Insignia Financial shareholders questioned chairman and CEO Andrew Farkas on reimbursements, political contributions and personal investments.
CAMBRIDGE, MA-In an $8-million deal, Constellation Productions Inc. acquires a one-acre site in the heart of Kendall Square on which it will build Constellation Center, an 85,000-sf performing arts and film center at an estimated cost of up to $70 million.
ORANGE COUNTY, CA-Due to the significant decrease in construction activity here, the region sees positive net absorption for the first time since the fourth quarter of 2000.
WASHINGTON, DC-Visualizing regulation violations that could take place if banks are allowed to enter the real estate business, an NAR representative testifies before Congress against the proposal.
SANTA ANA, CA-Encompassing 185,401 sf, the multi-tenant industrial park is 90% occupied. Tenants in the park include Fiber U.S.A., Kimco Staffing, Creative Solutions GP, Progressive Floor Covering and Techline Studio.
PHILADELPHIA-An $8-million plan to rehabilitate the six buildings used by General George Washington and the Continental Army in the 1777-78 winter moves into a second phase with an initial $570,000 in private and public financing.
DENVER-Concessions of up to three months rent are being given away by property owners, but if they want to sell, they could see a long line of bidders willing to accept returns as low as 7%.