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LONDON-Residential property prices are set to see big rises. Both the RICS housing market survey for England and Wales for three months to February 2002 and new research by the Woolwich building society report big demand and low supply
MINNEAPOLIS-Long-time outside attorney Philip Boelter takes over as executive vice president and chief operating officer for the construction firm. While with Dorsey & Whitney, LLP, has been the company's attorney for 30 years.
CHICAGO-A proposed 221-unit project at 1240-50 S. Michigan Ave. already is 70% pre-sold, developers Jacob Bletnitsky and Alex Vaisman tell GlobeSt.com, a factor that should help their quest for financing.
FARMINGTON HILLS, MI-Corinthian College leases 32,473 sf of office space in Southfield, MI in a $7.5-million deal while Friedman Real Estate Group brokers a $3.2-million office sale in Troy, MI.
CEDAR PARK, TX-A 30,000-population community is getting its share of the economic development pie as permit values for commercial and industrial development jump to $154.3 million. Sales tax receipts bring in another $5.3 million in 2001 revenue.
SAN DIEGO-In a project scheduled for completion in the summer of 2003, construction is under way on the 280-unit Island Village Apartments studio complex at Market and Island streets, 12th and 13th avenues.
NEW YORK CITY-Governor George E. Pataki today shifts operations into high gear on the $93-million restoration plan for nine Hudson Line rail stations in Westchester and the Bronx. Construction has been ongoing since October 2001 and is slated to take three-and-a-half years.
CHARLOTTE-The deal brings some $1.3 billion worth of properties under Faison's management umbrella and moves the firm to a playing field it formerly enjoyed in the 1990s.
PALM SPRINGS, CA-The decision by the California Court of Appeal will allow El Dorado Palm Springs Ltd. to sell its mobile home park to residents. The decision clears the way for the conversion of El Dorado Mobile Estates, as it will now be an economically feasible undertaking for the owner.
POMPANO BEACH, FL-Oregon's Mikami Brothers Trust pays PM Realty Advisors $5.36 million for the 60,819-sf, 5.15-acre Federal Express Corp.'s automated mail/package sorting and distribution facility at the Pompano Business Center.