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ST. PAUL, MN-City council members approves plans for an $80-million, 350,000-sf office building, including $15 million in tax increment financing. A related housing project also close to the site gets the go-ahead.
PORTLAND-Flightcraft, a member of the Eugene, OR-based Pape Group of companies, has entered into a 25-year lease with the Port of Portland for the new land on which a new hangar will be built as well as its current leasehold.
SOUTH PLAINFIELD, NJ-At more than 95,000 sf and featuring floor plates of nearly 32,000 sf, Cragwood Plaza is one of the biggest pieces of space available in Central New Jersey.
ST. PAUL, MN-Grand Avenue's largest property also is building a $9-million retail and parking complex. A restaurant and two gift stores are coming to other Exeter Realty buildings.
ROCKY MOUNT, NC-Vacationers account for $1 billion or one third of its annual sales at its top 29 regional malls in 39 states, the Chicago-based developer/manager reports as it gears up for a new marketing campaign that will focus on tourism spending in the Carolinas. Rocky Mount is 160 miles northeast of Downtown Charlotte.
WASHINGTON, DC-Reversing last year's trend, REITs with small market capitalizations posted the strongest performance, according to a NAREIT analysis. When markets are volatile, investors like REITs' dividends.
COLUMBIA, MD-The 170-unit residential community was sold as part of a larger $80-million deal including a 400-unit apartment building in Georgia and a 240-unit multifamily in New Jersey.
HEATHROW, FL-The suburban Orlando developer tops the industry average of 25% repeat clients. Of the brokerage's $170 million in 2000 sales, $80 million came from referrals. Heathrow is 30 miles north of Downtown Orlando.
OAKLAND, CA-The high-end furniture maker is taking its space at AMB Property Corp.'s Edgewater Industrial Center, directly across Interstate 880 from the Oakland-Alameda County Coliseum. Another 48,000 sf in the building remains available.