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HOLMDEL, NJ-Two retailers join the list of upscale tenants inking leases at the 235,000-sf Commons at Holmdel, being built on the site of former Lily Tulip paper cup manufacturing plant.
DETROIT-Home Depot officials are saying plans for the company's first store in the city remain viable. The Atlanta-based company has been looking at a site in Riverbend Plaza shopping center to build a new store.
LOS ANGELES-The trail of failed dot-com fallout, which hit some California property owners with millions in lost rent, is widening to real estate-related companies, such as architects and ad agencies. These firms are likely to take the hardest hit because they lack security or letters of credit to soften the blow.
FARMINGTON HILLS, MI-The City Council agrees to a concept of a 12-acre shopping center and residential development, one month following the approval for another $150-million mixed-use project.
LOS ANGELES-California's power shortage fueled a drive by Arden Realty Inc. to make its own buildings more energy-efficient. Now, the trust is marketing its expertise to other property owners.
BRIDGEWATER, NJ-Successor to Wellsford Commercial, using its $75 million acquisition war chest, will expand and redevelop the vacant class C property as a class A building.
HOUSTON-Surpas Resource Corp. will double its service center space in a June 1 move that consolidates two Richmond Avenue spots. The service center operator has signed for 35,000 sf at Westchase Commons Tech Center.
NEW YORK CITY-Reports that Vornado has the inside track in the sale of the World Trade Center are misleading, says one official close to the talks. Brookfield/Boston Properties is still the logical choice.
CHICAGO-Equity Residential Properties Trust and CEO Douglas Crocker II predicts a slowdown in multifamily construction as well as fewer single-family home buyers will add up to another strong year for his REIT.