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MOUNT VERNON, NY-A partner with G&S Investors, a Long Island-based company, reports that the firm will begin construction on a $40-million retail project on Sanford Blvd. bere by this spring.
KANSAS CITY-The company will manage two Firstar buildings in the city--Firstar Tower at 1101 Walnut St. and a building at 4900 Main St.--and is negotiating to purchase Overland Park Trade Center.
CHICAGO-The banking industry gets a tip of the proverbial hat from Grubb & Ellis real estate advisory services president John G. Orrico for keeping the dot-com woes to a minimum nationwide.
SAN JOSE-In the office market, where vacancy at year's end was at 1.85% (compared to 3.72% at the end of 1999), demand is expected to remain strong. Of the 5 million sf of space under construction, nearly 85% is already spoken for.
CHICAGO-The local hotel market is expected to remain stable through 2001, though some operators may find themselves facing more competition as the economy slows.
LOS ANGELES-Four industry leaders are pooling their resources to develop internet-based tools for automating the industry's core operations. The three new products will be rolled out over the next two years.
ELMSFORD, NY-The New York/Connecticut office of Mack-Cali Realty Corp., announced the winners of its Thirteenth Annual Broker Hall of Fame awards, which included Phil Luria of Austin Corporate Properties who was named Broker of the Year for 2000.
WALTHAM, MA-AstraZeneca, the international pharmaceutical company, seeks approval for a 500-car garage here, next to its research facility and in the process discloses its plans for additional buildings.