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EDISON, NJ-New Gov. Jim McGreevey ventured to the automaker's home base in Detroit, indicating that the state is ready to dangle tax breaks and other "carrots" to keep the company's plant here open.
DETROIT-The YMCA of Metropolitan Detroit hopes to raise money to build or renovate buildings in five communities to the tune of an additional 443,000 sf. The goal breaks down to $35 million in contributions and $35 million in tax-exempt bond sales.
SAN ANTONIO-Mixed signals at the 2001 close indicate San Antonio already is on the road to recovery for its office market. The year ended with negative absorption, but it slowed to 21,000 sf in Q4, a marked decline from prior periods.
CHANDLER, AZ-Kendler Family Trust pays $590,000 for about 3.2 acres in the Williamsfield Road Industrial Park. A 40,000-sf spec project is unfolding as part of 500,000 sf of industrial product that's planned or under way in a two-mile radius.
HOUSTON-Blackmon Mooring's growth drives its second space increase in six months. The latest expansion adds 49,235 sf to the Fort Worth-based restoration firm's North Houston location in the Beltway 8 Business Park.
DEL MAR, CA-A new master plan has been completed to guide development at the Del Mar Fairgrounds -- a major tourism and economic development draw for North San Diego County.
CHICAGO-The Downtown multifamily and office sectors are not as hard-hit as they may appear to be, says developer Steve Fifield. Daunting vacancy numbers can be attributed to a few factors, he tells the Chicago Real Estate Council.
TAMPA, FL-The brokers put in seven years with their former employer, handling industrial, office and investment properties. They were joint recipients of the 1999 Gold Producer Award and the 1998 President's Award at NAI Krauss.
TUCSON-Pardi Properties, owners of 168 units in Tucson, takes control of the Foothills Shadows Apartments along W. Ina Road. It's a class B property in a class A neighborhood and it's ticketed for upgrades and rent hikes.
NEWARK-The funding, through The Dime Savings Bank of New York, will finance Matrix Development's leasehold acquisition of the Newark Legal Center from the Port Authority of NY/NJ.