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KANSAS CITY-Difficulties in completing work on time surrounded projects in Arkansas and Oklahoma. Subcontractors also have lodged complaints against the company, which does about 75% of its work in this market.
MOONACHIE, NJ-AMB Property has acquired three industrial-use buildings in the Meadowlands with a total of 134,197 sf. The purchase price was $7.8 million.
PORTLAND-The Port spent $84 million in bonds in 1976 to upgrade the Portland Shipyard and build Dry Dock 4, the largest of three boat repair facilities at the shipyard and the largest dry dock in the Western hemisphere.
NEW YORK CITY-Forget the word 'recession.' Manhattan's East Side is home to two big construction projects--a luxury condominium development at Beekman Place and a conference center at the historic Lincoln Building.
INDIANAPOLIS-The REIT's $80 million in new developments include a 128,000-sf industrial facility for Eagle Inc. in Minneapolis. First-quarter activity also includes $54 million of new third-party construction contracts.
ROCKVILLE, MD-Under the terms of its financial reorganization, the commercial mortgage company's board of directors has expanded from six to nine members. Two members have resigned and five new members have joined the board.
SEATTLE-Representatives of the City of Seattle's Strategic Planning Office and Department of Design, Construction and Land Use submitted the proposal to the Seattle City Council. Official legislation could be proposed by July.
AUSTIN-GenCap Partners, based in Dallas, is fine-tuning plans for a 450-unit luxury project to be built on 38 acres in north central Austin. It's the firm's solo entry into the Austin market. More land is being eyed for another project, says GenCap.