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SuperValu Takes Hit, Still Plans More Stores

remstaff &Globe Street | April 05, 2001

EDEN PRAIRIE, MN-SuperValu takes a $240-million restructuring hit and loses $1.7 billion in revenue with the defection of wholesale client Kmart. However, it plans to add up to 15 superstores and 120 smaller stores.

Investors Would Be Wise to Look to Texas

remstaff &Globe Street | April 05, 2001

DALLAS-Integra Realty Resources has its Top 10 picks for real estate investors. Dallas, Austin, Houston and San Antonio pull berths in suburban office, industrial, multifamily and retail. And, property values are up across the board.

New Jersey EDA Boosts Aid to Smaller Businesses

remstaff &Globe Street | April 05, 2001

TRENTON-The state's aggressive approach to incentive packages, credited with drawing significant business from neighboring states, especially New York, just got more aggressive as the Garden State ups the ante.

Maryland, Virginia Retail Sites Up For Bid

remstaff &Globe Street | April 05, 2001

WASHINGTON, DC-Twenty-one properties across the country are being put on the block by Jones Lang LaSalle. Sealed bids for the big-box stores, which are being sold individually and not as a package, are due May 7.

$90-Mil Makeover for Walker Art Center

remstaff &Globe Street | April 05, 2001

MINNEAPOLIS-Swiss architecture firm Herzog & de Meuron will design the facility along with

Magic Low-Ball Offer on New Arena Construction is No Slam-Dunk

remstaff &Globe Street | April 05, 2001

ORLANDO-Billionaire team owner Richard DeVos is asking taxpayers to pay 80% or $200 million of a proposed $250 million Downtown basketball court. DeVos would pay $4.2% or $10.5 million. Government officials immediately rejected the offer.

Multifamily Land Sales Dip as County Clamps Down

remstaff &Globe Street | April 05, 2001

ORLANDO-Annual acreage transactions finished 2000 at $44 million, down from a record $67 million in 1999. An Orange County moratorium slowed developers but allows the market to catch up, a new report by Grubb & Ellis finds.

$10-Mil Rehab Project Resurrects Wabash Y

remstaff &Globe Street | April 05, 2001

CHICAGO-The historic Wabash Y is transformed from an abandoned building into a 101-unit single-room-occupancy multifamily building and 27,000-sf YMCA with city, state, federal and tax credit financing.

$500-Mil Grand Canyon Project Is on Track

remstaff &Globe Street | April 05, 2001

FLAGSTAFF-A $500-million mixed-use development proposed for the southern rim of the Grand Canyon remains alive, despite a court ruling last week that derailed a land trade that's critical to the plans.

Developer Racing the Clock on $1.1-Bil Park Near Disney

remstaff &Globe Street | April 05, 2001

ORLANDO-After two years of negotiations, Osceola County commissioners have struck a deal with entrepreneur Rob Miller: They'll underwrite the estimated $100 million cost of the venture's infrastructure if he comes up with a lead investor by Oct. 1. If he doesn't, the deal is off--and dead.

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