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DETROIT-More than 2,000 state employees are packing up from the Labor and Plaza buildings, as well as other sites around city, as they prepare to move into Cadillac Place, which has undergone a $116-million renovation.
SECAUCUS, NJ-The developer wants to build a shopping center on a 35-acre Meadowlands site, but needs an access road through property owned by Hartz, which may have retail plans of its own.
STEAMBOAT SPRINGS, CO-The owner of the ski resort here gets $16 million in cash and a guaranteed $14-million loan to avoid bankruptcy, and still hopes to sell its ski resort by the end of 2001.
DALLAS-A 43,200-sf lease and asset takeover is putting a new glass operator into Dallas. Arch Aluminum & Glass Co., which operates in 13 states, adds Texas in an August move-in to defunct D&S Glass Co.'s Intermart manufacturing site.
NEW YORK CITY-Along with an improving economy should come greater demand for fortress malls, which have a fashion department store, four anchor stores and sales of $450 per sf, predicts C&W's senior director of retail valuation.
AUSTIN-The Real Estate Council of Austin's latest survey concludes that Travis County residents would gladly pay more in taxes if they got better roads. The poll has a margin of error of plus or minus 4.9%.
HOUSTON-In the strapped telecom market, the 216,000-sf Houston Telecom Exchange has reeled in a big signing. Houston-based Apache Telecom's 70,542-sf signing takes the new class A product to 50% occupancy.
SEATTLE-The Federal Home Loan Bank of Seattle's initial $6.5-million installment will finance more than 1,000 new housing units in 10 states and American Samoa for homeless families; Native Americans, Alaskans, Hawaiians and rural workers.
ATLANTA-The locally based multifamily developer hits 100% occupancy at the 452-unit Vinings community located just off Interstate 285 in northwest of Atlanta.
RICHFIELD, MN-Developer Opus Northwest proceeds with the 1.5-million-sf office complex despite pending legal challenges from residents who object to the potential for more traffic and pollution.