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LONDON-GVA Grimley has trimmed its forecast for rental growth across all property sectors over the next five years. It now expects rents to grow at 2.7% per annum, down from the 3.7% it was forecasting at the start of the year.
HOUSTON-Hunington Properties is pushing dirt on a high-end, 30,000-sf shopping center along Memorial Drive. The developer says it's "the last front row seat" along the heavily traveled artery. A ribbon-cutting is planned for April 2002.
LONDON-GVA Grimley has trimmed its forecast for rental growth across all property sectors over the next five years. It now expects rents to grow at 2.7% per annum, down from the 3.7% it was forecasting at the start of the year.
LONDON-Insignia Richard Ellis, the US-owned London-based commercial agency, has tied up a multi-million dollar deal for its French rival Groupe Bourdais. Insignia now claims to be the number one agency in New York London and Paris.
LIVONIA, MI-A new industrial project on 120 acres will provide the first build-to-suit land the city has seen in many years. City officials want the former Delphi Automotive Systems plant designated a brownfield.
TACOMA, WA-The once contaminated Foss Waterway and the property along its banks are being revitalized thanks to the Foss Waterway Development Authority and private developers. The first completed project will be a glass art museum.
DALLAS-Wingstop Restaurants is racing full throttle as the ETA nears for a one store per week opening that will continue into 2003. The fast-paced schedule is kicking off sooner than expected and, says the president, "it's going to test our mettle.
CHICAGO-Neither slowing job growth or rising energy expenses are stopping the bullish Chicago area multifamily market, Marcus & Millichap says. Low interest rates and omnipresent condominium converters are among those to thank.
TIGARD, OR-Panattoni has under contract a 7.56-acre parcel sweetly situated on Highway 99, but very near the onramp to Highway 217, a major byway that connects Highway 26 and Interstate 5, and the state has been reticent about approving the project.
LONDON-Laing Property and the Dutch investor ING have lodged their detailed planning application for the redevelopment of Enfield town centre in north London. The scheme will include retail, leisure and civic facilities.