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DALLAS-A second-quarter analysis shows multifamily demand slipping ever so slightly in the Dallas-Ft. Worth region. The big picture is rent growth remains on the rise and construction is slowing as northeast Tarrant County emerges as the newest hotspot.
DETROIT-A public hearing is held on rezoning for a college technology park and the New Amsterdam project. The multi-phase project would include $44 in new development, including an industrial park.
LONDON-The Greater London Authority is urging developers to dig boreholes under new buildings to help lower London's rising water table. The Basements of some large office buildings are already under threat of flooding.
ORLANDO-Dissatisfied with the lack of charity-giving choices, David A. Siegel, chairman of Central Florida Investments Inc., the largest independent vacation rental owner in Florida, is starting his own foundation that will be funded by volunteer contributions from his 5,000 employees and at least 1,000 vendors and suppliers.
ATLANTA-The three central business district submarkets, however, are solid with a second-quarter occupancy level of 93.19% versus an average 89.01% leased mark among the 13 suburban pockets, according to a new analysis by Richard Bowers & Co.
LOS ANGELES-Durose Corp. gets a 17,000-sf retail center and a 5,000-sf industrial building in an exchange valued at a combined $2.7 million. Durose acquired the pair of buildings with proceeds from the sale of a mobile-home park.
DETROIT-John W. Brown, chairman, president and chief executive officer of the Stryker Corp., will serve on the corporate and executive boards of the Michigan Economic Development Corporation.
PARSIPPANY, NJ-Although asking rents remain stable, sublet availability is reaching critical mass, causing some pressure on taking rents, according to a second quarter report about to be issued by GVA Williams-NJ.
ORANGE COUNTY, CA-The City of Orange files a lawsuit against a pro-airport PAC and its contributors, alleging that too much was spent on last fall's election.
BOSTON-AEW Capital Management, the California Public Employees Retirement System and Sunrise Assisted Living Inc. have formed a joint venture to own and operate seven assisted living residences. Locally-based AEW represented CalPERS in the transaction.