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TUCSON-The Pascua Yaqui Indian Tribe is close to a resolution of a dispute over the size of its Casino of the Sun. The settlement will bring the construction start for a second phase, which should have gotten under way in late April.
AUSTIN-Congress Holdings is off and running on a 26,800-sf mixed-use project at 1001 Congress. The project is the first to come off the drawing boards for the state capital's primary street. The development calls for street-level retail and four stories of offices.
HOUSTON-The city's northwest industrial submarket is bustling with big box activity. The latest CB Richard Ellis report pinpoints 37 projects either on line, under construction or in the pipeline. Occupancy is riding at 65.20%.
MINNEAPOLIS-The city will spend about $62 million in public subsidies to build a 185,000-sf discount store Downtown, which reportedly has cost Minneapolis Mayor Sharon Sayles-Belton her party's endorsement.
STAMFORD, CT-With a sigh and a "that's that," locally based GE Capital walks away from the negotiation table. Berkadia's winning bid reportedly tops $8 billion in bailout funds for the fiscally beleaguered Finova.
ORLANDO-The Florida general partnership, which acquired Drum Service Co. of Florida, has signed a consent decree and agreed to pay $502,813 plus a portion of the sale proceeds from unspecified real estate to the federal Hazardous Substances Superfund. The Superfund groundwater cleanup site is in Zellwood, FL, 15 miles northwest of Downtown Orlando.
MINNEAPOLIS- Mayor Sharon Sayles-Belton blames the city's $62 million in public subsidies to build a 185,000-sf discount store Downtown for killing her plans to seek re-election. She fails to capture the Democractic endorsement.
SAN FRANCISCO-The Federal Home Loan Bank of San Francisco announced Affordable Housing Program awards that will amount to a total $18.5 million or better in California and other states.