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NEW YORK CITY-US Labor Secretary Elaine Chao and two of the city's most influential construction association leaders along with FDNY and local government officials will meet Tuesday at noon to sign an historic agreement on worker safety at the World Trade Center site.
CHICAGO-Pricing and availability of coverage continues to be an issue even for the most well-heeled REITs, The Gerald Fogelson Forum on Real Estate is told. Deals have been pulled off the table as a result of higher costs.
DETROIT-Nonrahs-Sinacola want to build a mixed-use development at the site of the former Detroit Tigers ballpark. The city, which also has a proposal to lease out the ballpark to a minor-league team, is evaluating the proposal.
FLORHAM PARK, NJ-The borrower, a group of local investors, will use the proceeds to fund an expansion and carry out capital improvements on regency Plaza.
NEW YORK CITY-Nearly two million sf of space dedicated to telecom use is available in the New York City market and prices are expected to soften as users slowly absorb the sublease and newly-built specialized facilities.
FT. WORTH-Ground breaks on an 81-acre sister development to a 94-acre industrial project in Tarrant County. RDS Investments leads the group of investors backing the dual developments delivering small product for smaller service-type businesses.
WASHINGTON, DC-Real Estate Firms and REITs prove to be head-and-shoulders above the rest as a NAREIT study reports third quarter increases in funds for the groups. The numbers exclude lodging firms, which are suffering the heaviest hits among the real estate companies from the Sept. 11 terrorist attacks.
WASHINGTON, DC-Amstar closes the Doubletree Park Terrace Hotel for its $12 renovation project after obtaining a $23 million loan from The Bank of Nova Scotia. The remaining $11 million will cover a portion of the company's original investment in the property.
ORANGE COUNTY, FL-The $4.4 million in multifamily housing revenue bonds involve the Oak Glen Apartments, an affordable housing project developed by Lennar Corp. and ENB Partners.
ORLANDO-As major insurance carriers warn policyholders their coverage will be cancelled, curtailed or charged a hefty premium by Dec. 31, Congress remains stalled in creating a backup real estate insurance financing plan. About $26 billion in fourth-quarter real estate financing around the country is at stake.