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LONG BRANCH, NJ-But legal challenges remain for Park Avenue Estates LLC, which owns a 28-acre site that has had incarnations as a hippie commune and a horse farm.
CHICAGO-A report released this week by a Skokie-based developer documents a significant increase in metro Chicago BTS activity. He charts first-half growth at more than six million sf.
BROOKLINE, MA-Construction is finally set to begin on a new hotel here on Webster Street. The local lodging industry has taken a real hit recently but the developers are confident that their project won't be impacted by the time it opens next year.
CHESTERFIELD TOWNSHIP, MI-Ogura Clutch of Japan will use a new 176,000-sf facility to handle the raw material it needs to handle specialized welding, brakes and clutches. A 100,000-sf, 19-million second phase hinges on the economy.
LA MESA, CA-RK Properties has tapped into the locally hot multifamily market with its purchase of Casa de Colina Apartments. The deal is valued at $82,558 per unit.
FRIDLEY, MN-The chain once had 15 stores in the Upper Midwest, but fell on hard times due to increased competition from other outdoors sports retailers.
SEATTLE, WA-While Colliers Executive Rob Aigner disagrees with some assertions that this market has the same characteristics of the early 1980's -- he does say new tenants are rare, and Puget Sound has almost no "deal flow" to help landlords with mountains of vacant space.
SILVER SPRING, MD-Hotel occupancy rates have been sliced in half in some major markets and analysts have said that financing for building or buying lodging properties has all but disappeared. Choice Hotels, however, reports earnings of 45 cents a share, beating the street.
ATLANTA-Kollmann (USA) Inc. is tentatively scheduled to break ground in early 2002 on The Lofts at 5300 Peachtree, a 242-unit shelter project and 5,300 sf of retail near the MARTA station in suburban Chamblee, GA, five miles northeast of Downtown.