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DETROIT-Cobo Hall director Lou Pavledes says long-term plans to expand the facility to 700,000 sf is not likely to include removing the Red Wings' home. Rather, the expansion could go in one of three other directions.
NEW YORK CITY-Shuttered Cleveland landmark Saint Luke's Hospital will be the centerpiece of a major development project that will see the renovation of the original 137-year-old building as well as new office and residential construction.
REDMOND, WA- Construction of a 110,000-sf Bon Marche store at the Redmond Town Center is expected to begin in August. The project, in the works for a couple of years, recently received a thumbs up from the city's design review board.
NEW YORK CITY-In a vote of confidence for a near-future real estate recovery, ABP, the world's largest pension fund, hires Lend Lease Hyperion Capital Advisors to manage its new below-investment-grade CMBS account. ABP manages $165 billion in assets worldwide.
GARDEN GROVE, CA-The company inks a five-year lease here to occupy 10,000 sf of retail space and 10,000 sf of office and classroom space. The facility is located at 12821 Knott Ave.
ABERDEEN, NJ-The 104-acre site, which straddles the border of this township and neighboring Matawan, already has 290 luxury apartments under construction. Now, however, a new mix of office, hotel, retail and more residential is being sought.
IRVINE, CA-The recently approved three-year program calls for the systematic repurchase of Fidelity National Financial Inc.'s shares of its common stock. The company will use a portion of its annual cash flow from operations to finance the purchases.
OAKLAND, CA-OBRA, the company converting the former Oakland Army Base in Oakland for commercial use, subleases two warehouse spaces to Bay Area companies.
OAKLAND, CA-The Oakland-Alameda County Coliseum Authority has approved a lease extension that will allow Major League Baseball's Oakland Athletics to play at the Networks Associates Coliseum for at least five more years.