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JERSEY CITY-Liberty Towers, which is being developed by Essex Waterfront Co. and Northwestern Mutual, will be the only residential high-rise on the old Colgate site on the Hudson River waterfront.
DETROIT-The New York-based firm, which owns and leases millions of square feet in the metropolitan area, is adding 728,000 sf of industrial space to the Downriver area in Brownstown Township.
NEEDHAM, MA- Oridion Systems Ltd. establishes its US headquarters at 21 Highland Circle. The Jerusalem-based company, which develops medical devices, is consolidating its three branches at the new location.
NEW YORK CITY-The three city-owned parcels include 13 loft buildings and three vacant lots. The lofts will be renovated and new construction will retain the character of the historic neighborhood.
ATLANTA-The balance sheet news wasn't all bad for the Birmingham, AL-based retailer as it reduced its debt by $287 million to $1.34 billion and borrowed nothing under its $700 million revolving credit facility in the fiscal quarter ended May 4.
DETROIT-A community activist coalition of more 50 organizations and 500 individuals oppose the 840-acre project that stretches from Detroit to Dearborn. It also wants an older terminal improved.
SANTA ANA, CA-The buyer, Banker's Mortgage Co., plans to occupy the recently completed flex-office building, which stands on 1.8-acres at 3080 Harbor Blvd.
HOUSTON-The brightest spot around town lies to the west, where activity has picked up considerably, says O'Connor & Associates in its latest office market accounting. Westchase has absorbed 140,000 sf so far in the quarter.
DENVER-The first month-over-month increase in 13 months surprises Robert Benton of Denver-based Robert Benton & Associates. "I knew that Downtown would be strong because of all the conventions," says the co-author of the report. "But I was surprised by the strength of what happened along the I-25 corridor.
AUSTIN-Kohl's, Home Depot and Holiday Inn Express are pushing hard on projects in a municipality nestled within Austin's southwest boundaries. Retail sales taxes provide 90% of the small town's revenue.