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NEWPORT BEACH, CA-The locally based real estate developer has begun construction at Hawaii 601, which will encompass 50,000 sf of class A office, creative, assembly or R&D space upon completion.
SCOTTSDALE, AZ-By year's end, Houston-based Hines will be coming out of the ground on the 100,000-sf first phase of a 300,000-sf office project in north Scottsdale. Regus Business Centers will have the keys when the building's done in late 2002.
MINNEAPOLIS-Lower property tax rates on commercial and industrial properties as well as shifting school funding from property taxes to the state is expected to reduce the $304.9 million funneled to TIF districts last year.
LYON TOWNSHIP, MI-After a threat of annexation to neighboring Wixom, Lyon Township agrees to install infrastructure for the new 200-acre Q Industrial Park to be developed by Quadrants Inc.
AURORA, CO-The US Commerce Department's Economic Development Administration provides a $720,000 grant to the city to help the Sand Creek Parkway provide better access to a potential $4.2-billion redevelopment.
CHICAGO-While a multifamily boom continues unabated in and around Downtown, Equity Residential Properties Trust president and CEO Douglas Crocker II sees a dark cloud of oversupply on the horizon.
NEW YORK CITY-A high-tech version of the short-lived Web-incubator concept that sublets turnkey office space to small tech companies signed 21 new tenants at its five locations in July and the 40,000-sf space here is fully leased.
SACRAMENTO, CA-The two-story building was partially vacant at the time of the sale and CT Realty has assigned Kurt Munger of Cornish & Carey to negotiate new leases for the open space.
BOSTON-The state's Executive Office of Environmental Affairs unveils a new policy in its land conservation efforts that will focus on large tracts in more remote locations rather than smaller parcels in urban or suburban areas.
DENVER-Options include putting the $220-million, 1,100-room Hyatt Hotel on the November ballot, an unprecedented "unwinding" of bond financing or delaying construction at a cost of up to $1 million a month.