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ORLANDO-The influential Orlando Municpal Planning Board today examines a 338-unit venture being proposed on a 3.6-acre site by GDC Properties of Hawthorne, NY next to the 19-story, 380,000-sf One Orlando Centre, 800 N. Orange Ave.
DENVER-Mike Zoellner was involved with the building of the Heritage Creek multifamily rental community in Glendale, CO when he was with Lincoln/Legacy. His RedPeak Properties pays $38.1 million eight years later.
PHILADELPHIA-Large amounts of empty speculative office space combine with an increase in subleases and continuing new construction to push the suburban Cincinnati office vacancy rate toward 16% in 2002, according to research by Encino, CA-based Marcus & Millichap's Cincinnati office.
LONDON-Grainger Trust--the UK's biggest residential investor--has sold a Pounds 70 million ($110 million) portfolio to the Residential Property Unit Trust, managed by Schroders. At the same time Grainger has taken a stake in the fund and will become a strategic advisor.
HOUSTON-When talking to would-be buyers failed, Archon decided to re-tenant and reposition two office buildings on the edge of the Westchase submarket. Lincoln Property's Houston team walks away with the leasing assignment.
NEW YORK CITY-The badge-checkers are stationed at the portals of our nation's lobbies, but most respondents to GlobeSt.com's latest Quick Survey tell us that it's not nearly enough.
MOUNT LAUREL, NJ-Some deals are getting done, according to one observer, but most people are waiting for the economy--and the real estate market--to really turn around.
SEATTLE, WA-The new Seattle Seahawks Stadium, a $430 million facility, was broken in by the Seattle Sounders soccer team yesterday and will be open to the public by the end of the month.
BLOOMFIELD HILLS, MI-Taubman Centers is transferring investments in Web sites MerchantWired and Fashionmall.com to cash after interest in the pages collapses. The company expects to receive more than $3.1 million, but will take charges in second quarter.
NEW YORK CITY-Averne-by-the-Sea is being developed through a public/private partnership between the city and a JV of two Long Island builders. Among its components will be 2,300 housing units and 200,000 sf of retail space.