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LONDON-Almost one year to the day after he was elected, London Mayor Ken Livingstone has unveiled the first draft of his spatial development strategy, which will shape development in London over the next 20 years.
CHICAGO-The retail landscape in 2001 is fraught with falling consumer confidence, rising utility costs, flat store sales and layoffs. So why is General Growth Properties Inc. CEO John Bucksbaum excited about the future of retail?
WHITE PLAINS-Marc Goloven, senior regional economist with JP Morgan, says that Westchester County's economic development policies have fostered a diverse mix of industries that should allow the county to weather the current downturn.
PHOENIX-Two more high-profile tenants have grabbed space in the increasingly popular Camelback Corridor, where rates are high and space is limited. One will move in come June and the other's already settled into the class-A office building.
ORLANDO-Zello Urban Cafe's 10-year, 5,000-sf lease raises the occupancy at the 52,124-sf Two South Orange Building to 84% and fills the property's last block of retail space.
BOSTON-Boston Properties is rumored to be in serious consideration to redevelop the old Boston Garden here. The locally-headquartered development company is reportedly interested in erecting a large-scale office development on the 2.5-acre parcel.
HAZEL PARK, MI- Oakland Gateway LLC buys eight properties formerly proposed to be the site of a new city hall for $1 million. Six condominium buildings will be built along West Garfield Road and West Mapledale Avenue.
SANTA ANA-The ordinance limits the length of time visitors may stay at hotels in which 25% or more of the guests are actually living there. It will not affect hotels that are used mainly by leisure and business travelers.
ORLANDO-Dry weather loosens limestone and sand beneath the 12-year-old, four-story, 148,000-sf Southpoint Building in Maitland, FL, causing an exterior wall at the 91%-leased structure to sag and a sidewalk to buckle. Maitland is the second largest office submarket in Central Florida, eight miles north of Downtown.
ATLANTA-Former chief financial officer Dennis Carey will oversee construction and store planning as the newly named executive vice president of business development, strategy and corporate operations where his responsibilities will include monitoring the company's real estate portfolio.