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LONDON-The boom in residential investment looks set to continue according to London-based agency, Chesterton. According to its London Residential Trends report, there has been a surge in buying 'off-plan' in new developments.
ATLANTA-However, the utility will withdraw its five-year proposal to the Georgia Public Service Commission if the PSC allows the company to earn between an 11% and 13.5% annual return on equity.
DENVER-Larimer Square remains the top choice for a House of Blues restaurant, music hall and retail space despite the city's first historic redevelopments ascension to one of the most expensive retail spots in the area.
SAN FRANCISCO-The online procurement company nabs space at 1069 Howard St. in San Francisco for $24 per sf, 50% what the previous tenant paid. The previous tenant, a dot-gone, was paying $52 per sf.
CLARKSVILLE, TX-A Houston-based foundation is auctioning off some 4,000 acres of farm and ranch land in a strategy to deploy proceeds into its philanthropic activities. Earlier this week, about 500 Grand Prairie acres had been on an auction block.
ANN ARBOR, MI-The new 330,000-sf Catholic college is being funded by former Domino's Pizza and Detroit Tigers owner Thomas Monaghan. Barton Malow Co. of Southfield,MI is awarded the construction contract.
LOS ANGELES-A new report from Delta Associates says vacancies will drop over the next two years, as development slows and demand keeps growing. Delta is the research arm of Chicago-based property-management giant Transwestern Commercial Services.
FT. WORTH-Crescent REIT and its three-year-old operating company are parting ways in a $78.4-million deal made possible by the REIT Modernization Act. It's a win-win for all, says Crescent's VP of investor relations.
LOS ANGELES-The university's Anderson School of Business, whose reports have been accurate in the past, pegs chances of a full-blown recession at 80% over the next few quarters.
DENVER-The 220-unit Greenhouse project has been talked about since the early 1980s. Now, developer Mickey Zeppelin plans to start work on the building with units priced from $160,000 to $600,000.