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WORCESTER, MA-A draft of a new comprehensive zoning ordinance has been submitted to the city council. The new zoning is designed to streamline the building and permitting process in the hopes that it will encourage local development.
BEE CAVE, TX-The project's been downsized from 3.6 million sf and excludes multifamily components. The compromise between developers and Village of Bee Cave elected officials puts the issue up for a vote June 25.
WILLIAMSBURG, VA-Less than two years after its opening in Stonehouse Commerce Park, the $49 million John Deere Vehicle Group plant will close its doors by the end of October. The 300,000-sf warehouse will be marketed through John Deere & Co.'s real estate division.
TINLEY PARK, IL-Unconscious racism and a tax system that has long needed to be fixed are among impediments to retail and other commercial development in the suburbs that make up the Chicago Southland Alliance.
HOUSTON-Patrick L. Pollan is on board as a senior vice president and Jackie Ritchie as a leasing associate. Pollan has 15 years in the business and Ritchie, 22. The seasoned Pollan brings a client roster with him
STAMFORD, CT-GE Capital Healthcare Financial Services is GE Capital's new $9-billion unit that will provide real estate financing and other similar products for the healthcare industry.
WASHINGTON, DC-The real estate, insurance and a bevy of other professionals praise the US Senate for passing the Terrorism Risk Insurance Act of 2002. Now the legislation goes to conference with the US House where differences between the two bills will be smoothed over.
DENVER-With less than $300 million in large commercial real estate sales in the first half of the year, 2002 is running about 80% off the pace during the market's peak year of 1998, when deals already had cracked the $1-billion mark.
LONDON-Chartwell Land, the property arm of the retailer Kingfisher has continued to rebalance its portfolio with the sale of the Carnegie Retail Park, Dunfermline, Scotland to a joint venture between Bank of Scotland and two private investors.
NEWARK, NJ-The three separate transactions mortgaged an office complex in Louisiana, refinanced an apartment complex in Houston and acquired mixed use buildings in Seattle.