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DETROIT-Planning & Development Department has received top honors for creating city development guide. The step-by-step manual talks developers through the red tape.
CHICAGO-The deal is reported to be one of the largest leases in the O'Hare submarket this year. Renovation and expanison of the parking facility will provide its with one of the highest parking ratios in the area.
ATLANTA-Adam Slutzky, former leasing manager for Industrial Developments International, joins the locally-based brokerage in the same position. He has leased a total 4 million sf of office and industrial in his career to date.
ORLANDO-David J. Patten, president of Interlachen Commercial Mortgage in suburban Winter Park, will sit on the trade association's board for a 12-month term. Patten is the current president of NAIOP's Central Florida chapter.
NEW YORK CITY-Rents average $96 per sf, ranging from $133 per sf on the East Side to $51 per sf uptown. Gotham has more than 2,900 outlets and over 12.5 million sf of leaseable space.
LOS ANGELES-With dot.com addresses running out, the group that oversees Internet's addressing system approves seven new suffixes. Look for .biz, .pro and even.name to come into use by next spring.
PHOENIX-A local developer has formed a joint venture and plans to begin construction next year on a 12-story, high-rise condominium project at the popular office corner of 24th Street and Camelback Road.
NEW YORK CITY-The future of technology is fiberoptic cables in every building, according to speakers at NACORE's luncheon on Friday. They also argue that gigabit Ethernets are the next stage of networking.
ATLANTA-The 249-room Marriott Evergreen Hotel and Conference Resort broke ground today for an 87-room expansion, part of a $20 million major development at the park itself. Stone Mountain is 16 miles east of Downtown Atlanta.