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INDIANAPOLIS- Chicago-based REIT First Industrial Realty Trust Inc. buys up property at Interstate 465 and Brookville Rd., one of the last major undeveloped interchanges in the market, for development as a mixed-use park.
FORT LAUDERDALE, FL-Elected county officials are asked to approve $11.6 million in financing for 180 new rental apartments in Pembroke Park, FL and $16.6 million for the redevelopment of 318 units in an apartment complex near Hollywood, FL. Fort Lauderdale is 26 miles north of Miami.
SHOREVIEW, MN-The San Francisco-based financial company's Twin Cities operations are growing rapidly. Wells Fargo pays $7 million to Wispark Corp. for land in Rice Creek Corporate Park that could hold 600,000 sf of office space.
SONOMA COUNTY, CA-As part of a $35 million modernization project, more than 146,000 sf of new shop space is under construction in the South Side Motorsports Industrial Park at Sears Point Raceway.
ATLANTA-The locally based firm is reporting an overall increase in its weekly revenue per available room nationwide, and expects the increase to continue despite a lagging economy.
WHITE PLAINS-Cappelli Enterprises of Valhalla has signed a contract to acquire the three-acre former Macy's department store property Downtown here from Tishman Speyer Properties of New York City.
HOUSTON-IEC Inc. and the state attorney general's office have signed leases for Summit Tower and Regency Square Tower, respectively. Grubb & Ellis have brokered the deals for the class-A and B office holdings.
MADRAS, OR-Cogentrix Energy, an independent power producer headquartered in North Carolina, is proposing to build a $400 million, 980-megawatt natural gas-fired power plant 12 miles southeast of this Central Oregon city. One megawatt is enough power to support 1,000 homes.
LA JOLLA, CA-The Lodge at Torrey Pines in La Jolla is undergoing a $28-million renovation and expansion that captures the Greene & Greene Craftsman style popular in the region during the first part of the century.
PHOENIX-The sky over some of the Valley's most upscale residential areas is relatively quiet, but that would all change if the FAA goes forward with proposed changes to the flight routes in and out of Phoenix Sky Harbor Airport.