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LOS ANGELES-A 250,000-sf store is planned next to the retailer's long-closed catalog distribution center in Boyle Heights. The entire tract, owned by Scottsdale, AZ-based Univest, is targeted for redevelopment into a 1-million-sf retail and office complex.
WARREN, MI-The 43,000-sf industrial building will consist mostly of plant operations for specialty steel manufacturer A. Finkl & Sons Co. of Chicago. The building was designed by Chicago architect Scott Sonoc.
PHOENIX-Orsett Properties is rocking and rolling at a 40-acre mixed-use site. Another five pad sites, valued at $3.27 million, have been sold to restaurants while takers are lining up for a spot in a 103,000-sf flex office building.
HOUSTON-A Louisiana investor is paying $7.5 million for the Bayberry Tree Apartments in Houston. It's in keeping with a trend by out-of-state investors who are looking more seriously at this market and Hall Financial's disposition strategy.
LONDON-Far from deterring businesses from locating in London, Mayor Ken Livingstone's proposed congestion charging might benefit the commercial property sector, a new report from Healey & Baker finds.
NEW YORK CITY-Gov. George E. Pataki has signed legislation allowing the Empire State Development Corp. to issue up to $155 million in tax-exempt Urban Development Corp. bonds for the redevelopment of Penn Station.
DENVER-Not too long ago, this city wouldn't have made a short list such as Boeing Corp.'s for a new world headquarters. So finishing behind Chicago, if not Dallas as well, is considered a moral victory by local officials.
AUSTIN-Houston Southpro Restoration has taken the last of the 160,000 sf of bulk warehouse space at the four-building Southpark Commerce Center. The firm has just signed a five-year deal for 17,341 sf.
DETROIT-AKT Peerless Environmental services recently assisted Jackson County, the city of Lansing, Saginaw County as well as the cities of St. Louis and Three Rivers in preparing successful applications for brownfield funding.
ST. PAUL, MN-Contracts for many of the building trades unions expired at the end of last week. Larger projects are not affected, but work on the $41-million bus garage and $19-million parking ramp Downtown are halted.