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CHICAGO-Plan commissioners recommend city council approval of a 357-unit condominium, 100,000-sf retail project at the southeast corner of Randolph Street and Wabash Avenue. Construction could begin Nov. 1.
ORLANDO-The comatose economy has caught up to Orlando. In the first-of-a-kind survey, a University of Central Florida business research division ranks Orlando 24th among 61 metro areas having at least 500,000 payroll jobs. The ranking could affect future development growth and leasing activity, the study suggests.
PHOENIX-Construction's up and overall vacancy is down. In all, it's looking like a good year for the Phoenix region's multifamily industry. North Scottsdale has the lowest vacancy around, 4.6% and down 2% from last year's first quarter accounting.
LONDON-London leads Europe as the best place to locate an e-business according to the first European e-Locations Monitor from real estate consultants Healey & Baker.
DENVER-Katherine M. Meyer, the Steamboat Springs broker listing the project, says the prospective buyers would pay less than the $8.5 million asking price sought for the resort 157 miles south of Denver.
LOS ANGELES-Construction has begun on the $40-million project, which will encompass 216,000 sf when completed. El Segundo's office market continues to attract tenants, especially those companies that have fled from the higher rents of nearby West LA.
SAN DIEGO-A local architect says property owners and developers can follow one local company's example and capitalizing on new city guidelines that allow space-starved companies to expand.
WASHINGTON, DC-A public/private development partnership between LCOR and the District of Columbia Public Schools resulted in the construction of the James F. Oyster Bilingual Elementary School. A nonprofit here facilitated the partnership.
GILBERT, AZ-Locally based Payne Resources is bringing Gilbert's first business park in two decades on line. Infrastructure work is under way on the 51-acre Fiesta Ranch Commerce Center, which is being divided into 41 lots.
SEATTLE-Wesbild Shopping Centers, which owns Westwood Village located at Southwest Barton Street and 25th Avenue Southwest, is gambling that the revamp center will attract solid national names like Old Navy.