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GLENWOOD SPRINGS, CO-Municipal workers in Glenwood Springs will be getting some needed space. The city is undertaking a $6-million municipal building, ticketed for a late summer 2002 delivery. City workers now doing jobs out of closets and a windowless basement.
HOUSTON-EastGroup Properties and Insight Realty plan to break ground in two months on 198,000-sf industrial project near the George Bush Intercontinental Airport. The development partners own 63 acres and this will be just the beginning stage.
NEW YORK CITY-The results of GlobeSt.com's second Quick Survey show a cutback in the pace of industry activity. If things go bust, where's the safe haven? The apartment market, you tell us.
STAMFORD, CT-GE Capital Real Estate, the Galesi Group and Westdale Asset Management have joined to purchase the multifamily portfolio of Glenborough Realty Trust and Walden Properties. The properties are in Texas, Georgia and North Carolina.
WHITE PLAINS-The average rental costs for two- and three-bedroom units in Westchester County skyrocketed last year, according to a report released by Westchester Residential Opportunities Inc., a not-for-profit housing organization.
ORLANDO-Despite a hiring freeze and planned layoffs of 1,400 from its 56,000-person work force here, the theme park operator is going ahead with the scheduled April 16 debut of the six-story, $194 million Animal Kingdom Lodge, its 18th resort at the 30,000-acre Lake Buena Vista, FL enclave.
WASHINGTON, DC-Post Properties broke ground on Wednesday on a $76-million, 15-story luxury apartment building located in the Northwest section. Construction should be complete by the end of next year.
MIAMI-A first-quarter report shows LNR Property Corp. controls 8.6 million sf of commercial space, 2.2 million sf of ground leases, 1,900 hotel rooms and 15,000 apartments.
EMERYVILLE, CA-The decision paves the way for other redevelopment projects on contaminated sites in urban core areas by validating the use of eminent domain in property acquisition and by allowing the city Superfund-style cleanup authority, according to an attorney representing Emeryville.
NEW YORK CITY-Actually it wasn't so much a ribbon cutting as a picture moving. Councilman Fisher opened the facility yesterday, March 28, by moving a historic image of the factory, revealing the rehabilitated structure.