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BOSTON-The Surface Artery Commission calls for a government commission to be established to oversee the 30 acres of open space that will be created in the heart of the city here once the Big Dig is finished.
MORRISTOWN, NJ-Manhattan-based Century 21 has leased the old Macy's department store here, which has been vacant for eight years and an eyesore on one side of the historic Morristown Green.
SAN DIEGO-The Bush Administration's new budget could fund a construction boom of sorts at county military facilities-including a dozen projects at Camp Pendleton Marine base near Oceanside.
NEW YORK CITY-The real estate market here has responded quickly to the slowing economy; it usually takes more than six months for this sector to feel the effects. Part of that response has been a better than fivefold increase in sublease space.
LOS ANGELES-The 3,026-sf space is fully leased by Taco Bell. Located in Fullerton's Amerige Heights Town Center, the space has been sold for more than $1 million.
DALLAS-A Mortgage Bankers Association survey shows $1.8 billion in FHA-insured loans have not closed because the well's been dry since April 19. The feds' suggestion would hike affordable housing rent. In Texas, some $730 million in projects are at stake.
DALLAS-Leases are being signed from one end of the Dallas-Ft. Worth metroplex to the other. Ten deals, totaling 63,858 sf, have tenants relocating and in many cases to larger spots. It's a good sign that the region is on the road to recovery from negative absorption in Q1.
ST. PAUL, MN-The Minnesota Legislature modifies commercial/investment property tax reform. The West Side Flats and Upper Landing, two of the largest projects in St. Paul history, can go ahead with passage of compromise bill.
LONDON-MAB and Great Portland Estates have resolved their dispute over the funding of the Westernm Sector retail scheme in High Wycombe, Buckinghamshire, that had threatened to end in court.
SCOTTSDALE, AZ-Cavan Investment, developer of the Raintree Corporate Center, is gearing up to break ground this month on the project's retail component. Coming will be 47,000 sf of shop space and 20,000 sf of pad sites.