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CHICAGO-Commonwealth Edison is donating the $4.5-million building to the $24-million project, the city will pitch in another $4 million, with the rest to be raised in a fund-raising drive.
NEW YORK CITY-Radiant has confirmed that it can pay for its planned acquisition of First Union properties and will be credited with the proceeds from the sale of the Huntington Garage.
ORANGE COUNTY, CA-Homewood Suites by Hilton opens in Garden Groves is providing another 165 rooms for business travelers and tourists. The city has given incentives to developers, resulting in 1,900 new rooms since 1998.
VANCOUVER, WA-The Southern California-based specialty grocery chain has secured 10,000 sf at the Interstate 205-Mill Plain Boulevard interchange and plans to open up shop in the first quarter of 2001.
STAMFORD, CT-Cendant Membership Services, which will eventually be spun off from Cendant Corp., is in the market for a large block of space in the Norwalk area. The company will relocate from space in downtown Stamford.
VAIL, CO-Village Homes will build 384 tract houses on 1,600 acres at Eagle Ranch, a development by East West Partners. The production housing will cost more than it does in Denver and less than other mountain properties.
SAN JOSE-The Los-Angeles-based mall REIT, reporting a healthy quarter, says two new parking structures are open and the new 225,000-sf Nordstrom is under construction for an opening in spring 2001.
MINNEAPOLIS-Urban planners see Downtown condos as a way to fight sprawl and traffic snarls. Permits to build multifamily housing in the Twin Cities have soared to 1,038 last year, up from just 60 a decade ago.