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PHENIX CITY, AL-Wal-Mart Stores Inc., the biggest taxpayer in this city of an estimated 30,000 permanent residents, 100 miles south of Downtown Atlanta, has helped the municipality broaden its revenue base since opening a Super Wal-Mart store with an estimated 150,000 sf in the late 1990s.
DETROIT-Detroit has seen the most commercial development in the new millennium, according to a report released by the Southeast Michigan Council of Governments, with more industrial space under construction than any other use.
ARLINGTON, VA-Local fitness buffs now have a new Gold's Gym in the neighborhood. The 28,000-sf facility in the Arlington Ridge Market Place will host a grand opening next month.
CHICAGO-Although 90% of the units are studios, the former hotels at 443 and 451 W. Wrightwood Ave. command a purchase price of $82,184 per unit in a deal brokered by the Chicago office of Inland Real Estate Sales, Inc.
LONDON-Rental growth in the retail warehouse sector has continued to slow throughout 2001 according to new research from FPDSavills, with just 2.3% growth in the year to September 2001.
NEW YORK CITY-Two East Side retail projects in various stages of development will add a UK-based chain eatery and an upscale boutique to the city's retail mix.
AUSTIN-The city now competes against contenders from Canada and South America to host the worldwide meeting in 2006. The information technology environment, natural environment and community are considered Austin's plusses.
PHOENIX-The "Kids" Child Life station has moved around the corner into an 11,902-sf building in the Pinnacle Business Park. The TV station, affiliated with Phoenix Children's Hospital, holds a long-term lease for the structure.
DALLAS-Chicago-based Equity Residential Properties Trust has purchased a 169-unit luxury multifamily rental complex in the upscale neighborhood of Knox-Henderson. One broker says location and style sealed the deal.
LAS VEGAS-An increase in bankruptcies along with corporate downsizings or departures also lead to more sublease space hitting the local office market, according to a third-quarter report from the local Grubb & Ellis office.