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FRISCO, TX-With WorkPlace Urban in place, talks begin with the City of Frisco for zoning changes to advance a New Urbanist development to serve as the town's gateway. DMc Properties' project will easily best $50 million and could go as high as $200 million.
ATLANTA-HL-A Co. of suburban Bremen, GA, 30 miles west of Downtown, plans to add 268 jobs by 2004. HL is one of five Georgia suppliers providing parts for the Odyssey Minivan which is scheduled to begin full production Dec. 1 in Lincoln, AL.
NEW YORK CITY-Lenders here are eyeing new mortgages more closely than ever since September 11. But while many experts have predicted the hotel sector would be the New York real estate industry's hardest-hit market, a change of attitude among hotel lenders is leading to more creative funding.
MINNEAPOLIS-Louis R. Suski, a 13-year-industry veteran, comes from Cushman & Wakefield, where he directed industrial brokerage services. His American Industrial Properties also developed and leased 560,000-sf Carlson Business Center.
BOSTON-As economic recession and fear of travel continue to plague the hotel industry here, a new study indicates local hotels will be hit twice as hard as the rest of the nation where income received from rented rooms is concerned.
LONDON-The Blackstone Group has tidied up its holdings at the 266,786-sf Vintners' Place in the City of London, buying out Irish Life Assurance Company's long leasehold interest.
NEW YORK CITY-Governor George Pataki and lame-duck Mayor Rudy Giuliani announce a powerful corporation that will oversee the funding and development of Lower Manhattan. The plan is already taking hits from city and state officials who are labeling it as a partisan hedge against the possibility of a Democrat moving into Gracie Mansion and taking the reins of redevelopment into his own hands.
MILFORD TOWNSHIP, MI-Township trustees will hold a special meeting Tuesday night to discuss a builder's threat to annex 677 acres to development-friendly Wixom to the south, where he could build 2,500 units instead of 200.
LONDON-Crest Nicholson Properties has lodged a planning application for a 320,000-sf mixed-use redevelopment of the five-acre Plough site in the centre of Hemel Hempstead, Hertfordshire.