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LIVONIA, MI-Michigan areas receive high-tech designation and more dollars for development. However, Gov. John Engler is criticized for the programs. A group says the governor's office is illegally using tax dollars for business use.
MINNEAPOLIS-E*Trade also signs an exclusive deal with Target for 1,000 in-store ATMs. The 20 E*Trade Zones, about 400 sf each, come after a successful experiment in a Roswell, GA SuperTarget.
PORTLAND-The troubled furniture retailer is auctioning off leaseholds for 271 of its namesake stores across the nation. In Oregon, five stores and a distribution center are available. Bids are due next week and the auction is set for April 26.
COSTA MESA, CA-The 1901 Newport Plaza complex was the former corporate headquarters site for the now defunct Pacific Federal Savings and Loan Association.
NEW YORK CITY-In the latest poll of GlobeSt.com readers, a surprising majority said most new business are popping up in suburban markets and most predicted that real estate values will stagnate in 2001.
CAROL STREAM, IL-Standard Register renews a lease for 184,574 sf at 900 Kimberly Dr. in this western suburb of Chicago and will take an additional 90,773 sf in the building owned by LendLease.
DUBLIN, CA-The Shops at Waterford by Shea Properties will eventually feature 130,000 sf of retail and restaurant space and a 390-unit apartment project at the corner of Dublin and Tassajara roads.
ORLANDO-Inland Retail Real Estate Trust Inc. of Oak Brook, IL is shelling out $9.55 million or $157.74 per sf to Georgia-based Oak Vest for the five-month-old, 60,539-sf, 100%-leased West Oaks Towne Center in suburban Ocoee, FL.
AUSTIN-An ownership change has brought a new property manager on board for the 200,000-sf, three-building Park 22 office development. The contract is Insignia/ESG's first in the Loop 360 submarket.
BOSTON-Putnam Investments plans to lay off 256 of its workers. The mutual fund firm insists, despite industry speculation, that the move will not impact any of its facilities here or in Andover, Norwood and Franklin.