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  • Development, Rising Rent May Have Ousted Residents

    NEW YORK CITY-Harlem, Manhattan's historical and cultural mecca for African Americans, may be losing the population that made it famous, perhaps because of renewed interest in the area by developers driving rental rates higher.

  • Boeing Realty Continues Land Disposition Effort

    SEATTLE, WA-In the Puget Sound, the aircraft manufacturer has hired Trammell Crow to sell off 240 acres in Renton as a business park as well as several dozen acres in Everett that hold two office buildings and an industrial building.

  • Verizon Office Center For Sale at $14.3 Mil

    ELGIN, IL- A 127,280-sf state-of-the-art call center on 13 acres at 777 Big Timber Road, occupied by Verizon Wireless, is being marketed by Trammell Crow Co. The owner paid $10.5 million for the property in 1997.

  • Deals on Edges of Market Close for $4.75 Mil

    CHICAGO-A 124-unit apartment complex in Rockford, IL sells for $3.4 million while a 61,495-sf shopping center in South Haven, IN sells for $1.35 million. Marcus & Millichap represents buyers and sellers in both deals.

  • Fannie Mae Announces Security Redemption

    WASHINGTON, DC-Fannie Mae will redeem the principal amounts on two MTN-type securities totaling $205 million on March 29, at 100% of their redemption prices plus interest.

  • Industrial, Retail Dirt Costs More in S. Fla.

    MIAMI-The Miami market leads the nation in 12-month price-per-sf for industrial-warehouse space, while West Palm Beach is tops in price and rent per sf for retail, according to the quarterly report from San Francisco-based National Real Estate Index.

  • Vance County Attracts $20-Mil Wal-Mart Distribution Center

    HENDERSON, NC-Economic officials in this rural area, 200 miles northeast of Downtown Charlotte, hope the new facility is only the beginning. A key intersection could help spur needed economic growth.

  • Holy Land Museum Fights for Tax Exemption

    ORLANDO-The unique $16 million, 15-acre venture being developed by former Philadelphia Baptist minister Marvin Rosenthal, argues the Orange County Property Appraiser should assess the undertaking as a museum and not as an attraction comparable to Walt Disney World or Universal Orlando.

  • Mortenson Kost as Assistant Project Director

    MINNEAPOLIS-Guy Kost is responsible for helping the development group analyze projects and implement strategies. He was lead analyst at L. J. Melody Co. before joining Mortenson Development.

  • High Tech Staffing Firm Opens Sales Office

    MONROE, CT-In an attempt to take advantage of the burgeoning high technology sector in the Fairfield County area, a New Jersey-based staffing firm has set up shop here at 500 Main St.