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INDIANAPOLIS-Conversion of buildings from single-tenant to multi-tenant use added 650,000 sf to a market that saw overall vacancy rates rise two percentage points to 18%, with the Downtown rate hitting 20%.
CHICAGO-A hardware store at 333 S. Halsted St. would be replaced by the Hellenic Museum and Cultural Center under a proposal that includes $3.5 million in tax increment financing to buy the 20,000-sf site.
ROYAL OAK, MI-Local civic leaders had frowned on a liquor-serving establishment, so Ann Arbor developer and restaurant owner Jon Carlson will now create two office and retail sites in his $5-million plan.
VAIL, CO-Vail Resorts, Intrawest's biggest competitor, says a contract between the two companies to develop the Keystone Resort includes a non-compete clause that bars Intrawest from developing in Grand County, Colorado. Intrawest says its legal advice was a green light.
AUSTIN-So far, South by Southwest, the city's biggest convention, is on track to match and maybe slightly surpass last year's trade. It's the first real test of how much the city's travel industry has bounced back in the past year.
DEL MAR, CA-Of 300 companies solicited for naming rights to the Del Mar Fairgrounds, only 50 have responded and all have declined to open their wallets. Some three million visitors pass through the fairgrounds' entrance each year.
MINNEAPOLIS-Simon Knight is managing director of strategic marketing for the Residential Capital Group. He is in charge of marketing, customer relationships, management technologies and brand building for the residential mortgage business.
EDISON, NJ-The REIT's first acquisition within the sprawling Raritan Center Business Park involves the acquisition of two buildings from Principal Capital Management for $15 million.
DANVILLE, CA-The San Ramon County Planning Commission voted to approve the huge housing development, while the San Ramon Regional Planning Commission voted to deny it.