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INVER GROVE HEIGHTS, MN-The new three-story, 62-room hotel is Hotel Development and Management Inc.'s fifth Microtel hotel in Minnesota. Others are in Bloomington, Eagan, Owatonna and Rochester.
ORLANDO-Look for dirt prices to shoot up over the next 18 months, predicts George D. Livingston, founder/chairman, Realvest Partners Inc., Maitland, FL. Average industrial parcels in established parks are going from $2 per sf to $12 per sf in high-profile locations, GlobeSt.com research finds.
BOCA RATON, FL-The New York Department of Environmental Protection awards the environmental services operations of U.S. Plastic Lumber Corp. a $57 million job to close and remediate a Brooklyn landfill.
BOSTON-The plan to build a new ballpark for the Boston Red Sox here in the Fenway right next to the old one appears to be fading and potential buyers for the team are scrambling to find sites in other locations.
HOUSTON-R&M Partners in Houston has closed on a 2.1-acre buy in the northwest submarket, where the plan is to leverage a trend for small owner-occupied buildings. The property is in the popular West Little York corridor.
VANCOUVER, WA-Retail sales totaled $366.7 million in the first three months of the year, a measly 1.4% increase over the $361.7 million rung up in the first quarter of 2000. In 2000, sales were up 8.5% from the year-earlier period.
WASHIGNTON, DC-According to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association, the market composite index of mortgage loan applications, on an unadjusted basis, dropped 28.6% and dropped 11.1% on a seasonally adjusted basis.
LOS ANGELES-New state report says job growth has stalled, but Commerce Department notes third straight rise in nationwide consumer spending. Analysts, property investors try to make sense of it all.
PEORIA, AZ-PDG America already has a $10-million plan in the works to expand the 100,000-sf Peoria Station, which it has just bought for $11.2 million. More shop space and a child care facility are in the retail center's future.
LOS ANGELES-Teamsters Local 848 had asked the building-components maker for pay raises, more sick time and a fully paid health plan. The company decided to close its SoCal plant and fire all 230 workers instead.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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