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PHOENIX-With an ever-growing need for power in the West, a North Carolina-based energy company has broken ground on a 570-megawatt plant about 30 miles west of Phoenix.
DENVER-The South Metro Denver Chamber of Commerce has just finished polling local business owners. Most are still bullish on the region's market. A whopping 64% are predicting revenue will rise despite a slowing economy.
ATLANTA-The Simpson Organization added to its Peachtree Street holdings with the $7.6 million purchase ($88.16 per sf) of a five-story, 86,203-sf office building. Associated and Federal Employee Credit Union bought a 72,991 sf structure in suburban Norcross, GA for $4.9 million or $67.13 per sf.
STAMFORD-Despite a slowdown in activity the last three months in Fairfield County, the confidence of office building owners in the market's strong fundamentals is unshaken, according to Grubb & Ellis.
BOCA RATON, FL-The locally based developer-operator of wireless telecommunication tower sites also proposes the exchange of $500 million in senior notes issued earlier this year.
MIAMI-Nearly 50 applicants have pre-registered as possible bidders on a plan to develop a valuable parcel of city-owned property on Watson Island--an 86-acre artificial island adjacent to the Port of Miami cruise ship turning basin.
ELK GROVE VILLAGE, IL-Trammell Crow Co.'s Chicago-area property management division has added the industrial building at 1501 Nicholas in this northwest suburb of Chicago to is portfolio.
DETROIT-The $5.5-million complex near Chandler Park, which includes 24-hour childcare facilities and other commercial services, reflects the administration's goal to improve services in the neighborhoods.
TOPEKA, KS-A bill proposes a six-month time frame for contractors to file a construction lien, twice as long as current law. The measure passes 37-3 in the Senate and is being debated in the House.
AUSTIN-A move toward signing concessions has started where else, but in the city's northwest submarket. It's been the hardest hit for high-tech layoffs and sublease space availability. And, says a researcher, the bait is pretty aggressive.