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MINNEAPOLIS-Traffic congestion is getting worse in the stretch from northwest Minneapolis to St. Cloud. Eighty percent of residents say the Northstar commuter rail project is a "good" or "very good" idea.
MIAMI-The homebuilding giant shows no sign of slowing amid a weaker economy as quarterly net earnings increase by 166%, revenue rises 44% and operating margin on homes sales improved by 540 basis points to 13.1%.
KENT, WA-After just 14 months in operation, Recreation Equipment Inc. will close its Tokyo store by the end of the year and its Japanese Web site at the beginning of next month.
ROYAL OAK, MI-This city outside Detroit bets the builder of the Campus Martius project can bring in a gateway project for its Downtown. The mixed-use project calls for 340,000 sf of office, hotel and retail space.
ATLANTA-Georgia has more industrial and commercial customers on real-time pricing than any other state, say researchers at the Terry College Bonbright Center, University of Georgia.
PHOENIX-CSI/Crown Inc., a freight distribution company, has signed the first significant lease for the 145,000-sf Sky Harbor Transit Center, which delivers in September. The tenant is taking 36,400 sf.
BALTIMORE, MD-Prime Retail Inc. announced it got a two month-extension on two mortgages totaling $26.4 million that were scheduled to come due on June 10. The mortgages are for properties in Indiana and Michigan.
CHICAGO-Multifamily rental housing remains an attractive sector in this market but Marcus & Millichap senior vice president Greg A. Moyer cautions brokers to pick their sellers wisely and beware of more conservative lenders.
MIAMI-The homebuilding giant shows no sign of slowing amid a weaker economy as quarterly net earnings increase by 166%, revenue rises 44% and operating margin on homes sales improved by 540 basis points to 13.1%.