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PONTIAC, MI-The city wants the 80-acre parcel after the developer was snubbed by neighboring Bloomfield Township for the mixed-use Bloomfield Park project. Voters will be asked whether the city should annex the land.
CHERRY HILL, NJ-The Pennsylvania-based developer/owner bought the 100,000-sf Two Executive Center recently and has quickly launched a multi-million-dollar makeover to turn it into class A space.
DENVER-About 24,000 building permits will be issued this year in the metro area, which includes both single-family and multifamily, down from 29,345 in 2000, says Libby Kirschner, a land broker at Cushman & Wakefield.
DENVER-The number of transactions drops almost 44% in the first six months of 2001 while the dollar volume falls 24.5%. Virtually all of the sales take place in the second quarter, according to a report.
Did you know that 35% of real estate CEOs will be gone within the next five to seven years? Did you know that 25% to 30% of brokers will be gone or replaced…
MIAMI-The locally based real estate investment, finance and management company expects the presence of the former U.S. senator to enhance the company's long-term goals.
HOUSTON-The Vantage Cos. has signed a new tenant to a three-month-old spec building at its 25-acre Beltway 8 Business Park. Blackmon Mooring is taking 70, 000 sf of a 133,000-sf office-warehouse structure in a 10-year lease.
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.