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BOSTON-The Druker Co. breaks ground on Atelier 505, a mixed-use development in the heart of the city's South End neighborhood. The project will include 103 residential units, a 370-car garage and the development of the city's first new theaters in almost 75 years.
SOUTHFIELD, MI-Overall vacancy for Detroit area rose almost another percentage point to 16.3% in the second quarter, but it went down--remaining in single digits--in West Bloomfield and Bloomfield Hills.
ORLANDO-In a surge to diversify its $5 billion portfolio, the subsidiary of locally based CNL Financial Group Inc. paid the Washington, DC-based hotelier an average $117,063 per unit for properties totaling 504 units in Ohio, Massachusetts, Maryland and California.
SACRAMENTO-A local businessman has invested millions of dollars into acquiring and renovating a family entertainment center and hopes that he can open a dealership for adult toys, as well.
LONDON-Miller Developments and the Royal Bank of Scotland have signed a development agreement with landowner English Partnerships for the 558-acre Omega site in Warrington, one of the largest strategic development sites in Europe.
ATLANTA-An Indianapolis-based wholesale auto auction company has filed a development and regional impact review request with Fulton County, seeking approval to build a 185,500-sf, three-building facility on 286 acres at the intersection of Spence Road and Oakley Industrial Blvd.
BUENA PARK, CA-The subsidiary of Charter Municipal Mortgage Acceptance Co. funds the loan for a 56-unit complex in Buena Park. The financing has debt service coverage of 1.30x and a loan to value of 68%.
NEW YORK CITY-Landmark Education Corp. brings its Landmark Forum seminars to the mixed-use tower at 34th Street and Eighth Avenue. The largely residential building is anchored by a Loew's Cineplex Theater.
DALLAS-As promised, a Dallas judge heard the arguments and made the decision to issue a writ in the LaSalle-Le Meridien feud. The legal paper requires an eviction hearing on or before July 15 plus a decision "in a reasonable time frame.
SOUTHFIELD, MI-A sale, lease or partnership will be considered for the city-owned arts center on Southfield Road. Development proposals, along with a $75,000 bid deposit, are due by July 22.