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ATLANTA-Rents will range from $1,195 to $3,695 per month. Wood Partners, Novare Group and WN Buckhead plan 378 units; 10,000 sf of restaurant; and 15,000 sf of retail. Estimated hard construction cost: $60 million.
IRVINE, CA-A high-technology company, dental corporation and photographic film manufacturing company have signed up for space in the Hutton Centre Office complex.
SAN JOSE-An affiliate of the Texas-based Hotel Valencia Group will build the 213-room boutique hotel here on Santana Row. It will feature a palazzo-style courtyard with an outdoor fireplace and fountain.
PHOENIX-New commercial development has returned to the Salt River area of Phoenix, thanks to a $80-million restoration project. The first major developer to buy into the project has purchased at 33.8-acre parcel for $3.2 million.
CHELMSFORD, MA-When Sycamore Networks bought a 100-acre parcel here for its campus headquarters, the telecommunications start-up was riding high. Since then its stock has tumbled, but the company insists its plans are proceeding as scheduled.
CLIFTON, NJ-The deal, put on a fast-track by both the buyer and seller, closed in only 60 days. The terms of the sale of the 22-unit property were not disclosed.
DENVER-A $105,000 study shows retailers have overlooked a profitable venue in Denver's poorer neighborhoods. An estimated $298 million is spent annually, the bulk of which goes into pockets of out-of-neighborhood retailers.
CHARLESTON, SC-The carrots include a fast-track permitting process, waived city fees for renovations, preferred parking in city garages, property tax exemptions and reduced business licenses.
AUSTIN-The prestigious Four Diamond award, presented annually by AAA, has been bestowed upon seven of the city's leading hotels. Two winners have made the list for 15 consecutive years, with just one in the All-Star lineup being a newcomer.
MIAMI-The proposal would authorize a statewide vote on a constitutional amendment to exempt from property taxes those Florida airports and seaports owned by municipal governments or special-taxing districts.