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DALLAS-Lazarus Property Co. is hard at work to deliver the CBD's first for-sale condos, with marketing to launch in 90 days. The overhaul to the 171,000-sf building, vacant for nearly a decade, is expected to cost between $20 million and $30 million.
WASHINGTON, DC-AMI Capital, based in Bethesda, MD, closed the Fannie Mae refinancing loan on the Dakotas Apartments, a 45-unit garden-style community located at 5543-5549 South Dakota Ave. in the Northeast.
NEW YORK CITY-The Penn Station Redevelopment Corp. has selected a joint venture between the Staubach Co. and Frankfurt Airport Services Worldwide to develop, maintain and operate the new Farley-Penn Station.
CHICAGO-Nearly 5,000 multifamily units, 2.4 million sf of office space, 200,000 sf of retail space, at least one hotel and an elementary school could begin to take shape on a 28-acre site this summer.
BLOOMFIELD HILLS, MI-The mega-mall developer says the Tampa, FL tenants include 65 new-to-the-market stores. The 1.26-million-sf shopping center is on the southeast edge of Tampa International Airport.
WASHINGTON, DC-The housing market index, a measure of home builders' expectations, rose two points this month. According to the NAHB, low mortgage rates are offsetting declines in consumer confidence.
ROMULUS, MI-The Farmington Hills, MI-based company plans office/light industrial use on a 568-acre site near the Detroit Metropolitan Airport that once was considered a possible site for the Detroit Tigers' home.
MIAMI-The development arm of locally based Adler Group tackles challenge of creating a high-tech, 50,000-sf production studio out of a warehouse on a tight deadline for one of the most recognized personalities in Spanish-speaking households.
DENVER-The multifamily market is the benefactor as single-family housing costs soar above many residents' purchase power. Last year, more than 1,500 rental units underwent transformations into condos, a vibrant market for area brokers.
PHOENIX-Retirement community developer Del Webb is reducing it's burdensome debt load by selling off land in its communities in Texas and South Carolina and entering into partnerships in Arizona and Nevada.