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DETROIT-A total of $3.45 million will mostly go to assess contamination on previously believed polluted properties. Cities hope the grants will allow development of sites plagued with fear and stigma.
CHICAGO-Money certainly is a motivating factor behind broker movement. However, less tangible issues as personal growth and a chance to do a different type of deal can make a top broker jump ship.
NEW YORK CITY-In addition to these properties, which became redundant after the Chase/Chemical Bank merger, Chase is considering a sale/lease back strategy for some of its other branches.
LAKELAND, FL-The 80-year-old grocery chain has 340 stores on the drawing board at about 80,000 sf per store with a build-out value of an estimated $1.36 billion. Lakeland is 60 miles south of Downtown Orlando.
STAMFORD-Despite leasing activity that is still robust in historical terms, the office availability rates in Fairfield County and Downtown Stamford edged up in the first quarter of this year, according to Insignia/ESG.
AUSTIN-The word on the street is that Dell won't be taking any more space at Lincoln Property's Las Cimas project. That's not necessarily true, says a Dell source. The company is still weighing its options and determining its business needs.
SAN FRANCISCO-The lessor is First World Communications, which had planned to occupy the third floor of 466 Townsend St. but due to construction delays chose not to make the move.
COLEMAN, FL-The $78 million, 581,251-sf Federal Correctional Complex, 80 miles northwest of Downtown Orlando, will be the largest maximum-security facility of its kind in the country.
GOLDEN VALLEY, MN-LeJeune Investment Inc. plans to use the land to expand Carousel Automobiles' Audi and Porsche dealership along Interstate 394 near Highway 169. The land had been used for employee parking.