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PONTIAC, MI-Two developers want the same piece of land, and a judge will have to decide on at least one of the claims. Although the city has approved Sandra Rozier's $10-million hotel
PONTIAC, MI-The property in a commercial area is zoned residential, but that could be appealed to the city after purchase through a sealed-bid sale. The deadline for bids is Jan. 28.
LONDON-Office take-up in the main central London office markets appears to have picked up in the final quarter of 2001, in spite of the economic turmoil in the wake of 11 September, according to new research from FPDSavills.
STAMFORD, CT-Battered by an economic slowdown that caused a large amount of space to come back on the market for sublease in 2001, Fairfield County office brokers and property owners are hopeful that conditions will improve in 2002.
MINNEAPOLIS-Leasing the 813,000-sf mixed-use facility could be a challenge as a glut of vacant space builds in the Downtown submarket, commercial brokers say. Also, TrizecHahn Corp.'s building is considered a class-B property.
SEATTLE-The Boeing Co. will vacate a 211,000-sf facility at the Kilroy Airport Center, adjacent to Seattle-Tacoma International Airport. The termination is set to take effect at the end of the year.
DALLAS-TrizecHahn, Aimco, Developers Diversified and ProLogis top executives head to Dallas for a forum on "These Changing Times." The Real Estate Council of Dallas has rescheduled the event, originally set for Sept. 12, 2001, to Jan. 24.
BOSTON-Jones Lang LaSalle closes its office here at One Boston Place. The move is part of a cost-containment strategy implemented by the Chicago-based real estate and investment management company last year and will close down the company's local capital markets division.
LOS ANGELES, CA-Caltrans is developing a headquarters building in Downtown Los Angeles, between Los Angeles and Main streets. Design work for the 700,000-sf project is scheduled to begin this month.