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PORTLAND-Although slowing now, the value of office properties rose 29% over the last three years, while industrial properties rose 23% and retail properties by 18.8%, says a new report by Integra Realty Resources, a national appraisal and consulting firm.
SAN RAMON, CA-In a joint venture with Simon Property Group and the Schottenstein Group, Kimco recently paid $435.5 million for the rights to resell and release the real estate assets of the bankrupt Montgomery Ward LLC and its affiliates.
KANSAS CITY-With construction already started on the $30-million Liberty Memorial monument and museum restoration, critics are objecting. The memorial is the country's only large-scale project honoring World War I veterans.
CHICAGO-Senior director Jim Estus as well as executive directors Jeff Samaras, Kent Ilhardt, Paul Lundstedt and Brian Nagle are honored for their work. Former NHL player Joe Day wins Rookie of the Year honors.
TROY, MI-Residents and city council doubt the public will get much use out of a proposed private development. Proponents argue the cost isn't much, and the project is needed for a larger development.
NEW YORK CITY-Yesterday (March 13), a proposal for a 1-million-sf multifamily housing structure specifically intended for the NBA went before the Planning Commission and has now gone to the public review process.
AURORA, CO-With three of the nation's largest infill projects in its midst, Aurora officials want to infuse the original downtown with upward of $20 million of makeovers. City officials expect millions more will come from private enterprise.
JERSEY CITY-But the event is clouded by rumors that discount broker Charles Schwab, which pre-leased all 575,000 sf of the waterfront building, is already shopping half of its still-to-be-built commitment as sublet space.
JERSEY CITY-Explosive growth, first along the waterfront and more recently in other parts of the city, is forcing officials to consider a new approach to development. The plan would focus on existing real estate functions.
DENVER-A Denver tradition is shuttering its doors on all but two stores after a 60-year run in the ice cream business. Dolly Madison will keep its W. 48th Avenue and Tennyson Street stores. At its peak, there had been 19 Dolly Madison locations.