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LOS ANGELES-In 1994, Leventhal retired and his 45-year-old accounting firm merged with Ernst & Young to become the E&Y Kenneth Leventhal Real Estate Group. This July, he will be inducted into the California Building Industry Foundation Hall of Fame.
ATLANTA-Driven by single-family home growth, traffic counts are doubling in this suburb 30 miles west of Downtown as commercial development moves into the neighborhood.
MIAMI-GlobeSt.com research uncovers a newly released legislative report that documents cases in which the county school district demands voluntary contributions of cash or land from developers in addition to mandatory impact fees. The documented total to date: $4 million.
LONDON-US real estate investors The Blackstone Group and JER Partners have signed deals to back three London office developments by Resolution Property.
DALLAS-Hotel Reservations has headed to a community of about 40,000 to set up its third call center. Other centers are in northeast Dallas and southwest Ft. Worth. The 14,000-sf center will share space with a sister entity, Ticketmaster.
QUINCY, MA-Massachusetts Heavy Industries' latest financial scheme to gain control of the Fore River Shipyard here is coming under scrutiny. The bankrupt company needs to raise $55 million to be able to get another chance to revive the shipyard.
LONDON- Hunting Gate and Equitable Life have completed their letting programme at Centinal, the 40,325 sq ft office scheme at 46 Clarendon Road, Watford, Hertfordshire following lettings to Cadbury Schweppes and Finlower.
CHICAGO-The mayor of the "City of Big Shoulders" wants to make sure it's a city with high-tech, fiber-optic infrastructure, which would raise real estate values. CivicNet would serve as a "giant co-op" for technology.
NEW YORK CITY-Insignia/ESG reports that in April the available supply was up 0.5% here while space returned to market yielded negative net absorption. Midtown, Downtown and Midtown South asking rents were $60.78 per sf, $44.32 per sf and $47.10 per sf, respectively.