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GLENDALE, CO-Investor Joe Nguyen grosses a 33% profit in a year on a 24-unit apartment project in the small Denver suburb. The $59,166-per-unit sales price far is greater than most small, 40-year-old properties command.
CHATHAM, NJ-There more than 3 million sf of new builds going up, says a local expert. But there's also roughly 3.5 million feet of need to fill that space.
SEATTLE-The locally based, publicly traded REIT says the kiosks are the first to be tried in the self-storage industry, giving customers the ability to contract for storage and communicate on customer service issues during hours when the facilities have been traditionally closed.
BOSTON-The city assumes ownership of eight acres of the MBTA-owned Arborway Yard Maintenance Facility. The city plans to convert the land into green space while the MBTA plans to build a $50 million facility for its new compressed natural gas buses.
ORLANDO-The three-year-old Council for Sustainable Florida, a non-profit, Tallahassee, FL-based consortium of corporate and government executives, recognized 21 statewide public and private groups for their outstanding performance, leadership and initiative in 2000.
SAN DIEGO-The county board of supervisors is considering a set of conditions that would have to be met in order for Indian tribes to secure liquor licenses at their casinos.
OAKBROOK TERRACE, IL-The Treasury Department's Office of Thrift Supervision accepts a plan by the Chicago-based Pritzker family to provide a $355-million bailout and take over financially-troubled Superior Bank FSB.
NEW YORK CITY-The Construction Industry Partnership has called on City Hall and the federal government to enforce site safety laws and prosecute violators, following the death of a laborer in Brooklyn.
DENVER-Chief Operating Officer Doug Townsend is studying other aquariums around the country before deciding on pursuing a 10,000-sf exhibit space project for about $5 million. His decision is expected later this summer.
ST. PAUL, MN-A compromise between the Senate, House and Gov. Jesse Ventura would lower taxes on multifamily buildings an average of 21%, cut business taxes by 10%, farm taxes by 20% and cabin taxes by 12%.