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INDIANAPOLIS-Like many economists' forecasts, Duke Realty Corp. chairman and chief executive officer Thomas L. Hefner sees a flat first half of 2002 before an upturn later in the year despite a sharp increase in January leasing activity.
LONDON-There's a feeling of slight hysteria among property auctioneers in the UK capital. After the gloomy warnings on the economy in the last six months, they have trouble believing the market is so good.
CHICAGO-An Empowerment Zone bond and tax increment financing will fund 90% of a $6.5-million expansion and renovation of the beer distributor's warehouse at 441 N. Kilbourn Ave. Another 78,000 sf will be added.
NOTTINGHAM-A 61,000-sf letting means that Industrial landlord Saville Gordon Estates has now fully disposed of its 460,000-sf Long Eaton Industrial Estate.
PHOENIX-A 50,000-sf expansion at Goodyear's Palmilla Center hits 60% pre-leasing while another Weingarten project, Red Mountain Gateway in Mesa, is 70% pre-leased. Both could be filled at delivery, given the markets and the pipeline.
BRIGHTON, CO-A 44,000-sf office building at 4700 Bromley Lane is scheduled to open in April. Coughlin & Co. is the developer, and Hensel Phelps is the builder of the structure designed by Larson Architects.
DEDHAM, MA-The Dallas-based developer wants to build a 300-unit complex here on Rustcraft Road. An attorney for the developer tells GlobeSt.com that opposition to the project is anticipated and has already been addressed.
HOUSTON-A squeeze play on second-tier malls and a part owner's retail play appear to be the final blows for Town & Country Mall in West Houston. A retail analyst and confidential industry source tell GlobeSt.com that a shutdown looms.