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VAN BUREN TOWNSHIP, MI-The township gives a $7.3-million abatement to Visteon for a future $325-million office, research and technology complex on a former 220-acre gravel mine near I-94 and and I-275.
MCLEAN, VA-The subsidiary of St. Joe Company has added a new senior director and an associate. The pair brings more than 30 years of experience to the firm.
LONDON-A new joint venture between New York-based opportunity fund Westbrook Partners and private clients of Jones Lang LaSalle has earmarked $1.25 billion for investment in the UK, and $0.5 billion has already been spent on a portfolio of 20 properties.
MINNEAPOLIS-The modernist building, though important when it was built, has been remodeled beyond recognition and is beyond preserving, writes Larry Millett, an architecture critic with the St. Paul Pioneer Press.
CLERMONT, FL-Gov. Jeb Bush's staff today drafts a recommendation on the controversial development status of the 1,433-acre, 350-foot high property 25 miles west of Downtown Orlando. (Please See updated story above.)
GREENBURGH, NY-LCOR Inc., a partner in the ownership of The Landmark at Eastview complex here, reveals it has begun marketing 320,000 sf of new office/laboratory space after receiving final site plan approval for its $130 million development.
SAN JOSE, CA-Cisco Systems announces its decision to postpone plans for a huge corporate campus in Coyote Valley, just days after winning the lawsuits that tried to prevent the development.
LONDON-Private property investor Madison Land has bought a site on the main A30 road in Staines, Middlesex, and plans a 38,000-sf speculative office scheme due for completion in late 2002.
TROY, MI-The former Troy Airport is being transformed into a business park and is now halfway built out. Joe Banyai and Paul Hoge of Signature Associates-ONCOR International of Southfield are marketing the remaining 25 acres.
WASHINGTON, DC-Delta Associates and Transwestern Commercial Services report that this particular submarket of apartment housing tends to depend on renters in those positions that may have been eliminated in the aftermath of the attacks, like the lodging and tourism industry. The firms see flat rent growth and a slight increase in vacancy rates going forward.