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ST. PAUL, MN-High property tax rates and neighborhood resistance are among factors blamed for the lack of multifamily housing. Legislators are looking at major property-tax reform that could address the issue.
ORLANDO-After picking up a prime 2,500-acre parcel for an estimated 42 cents per sf last year, Florida developer Bobby Ginn is scheduled to start construction in June on the first of three 18-hole championship-caliber golf courses at his mixed-use Reunion Resort & Club venture.
WATERTOWN, MA-Harvard University's recent purchase of the Arsenal office project here angers local officials as the town stands to lose out on millions of dollars in annual tax revenues because of the university's tax-exempt status.
BOCA RATON, FL-ACP Glades, an affiliate of Miami-based Americas Capital Partners, paid $13.3 million for two, four-story office buildings, 42 miles north of Downtown Miami.
CHICAGO-"Affordable housing as well as education is at the very top of the mayor's agenda," Chicago housing commissioner John G. Markowski tells this week's National Housing Conference's symposium.
TROY, MI-The merger of Standard Federal Bank and Michigan National Bank should benefit from new ABN Amro Holding's consolidations of local banking. That promises more commercial money offered in Michigan.
BOISE, ID-A. Craig Olson is the second corporate executive to resign since the company acquired American Stores for $12 billion two years ago, which expanded the company from 1,000 stores in 25 states to 2,500 stores in 36 states.
HOUSTON-Resource Recycling Warehouse has decided to stay put in 22,500 sf of warehouse space near the Houston ship channel. The Pittsburgh-based firm has been a tenant in the First Industrial Realty Trust building for three years.
RIDGEFIELD, CT-GHP Office Realty has acquired 38-C Grove St., a 25,000-sf building here, and is also under contract to acquire two other office buildings in the Westchester-Fairfield area, globest.com has learned.