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DETROIT-Negotiations between the Detroit Discovery Museum and the Lions could result in a children's museum being built at the team's Ford Field stadium site. DaimlerChrysler put up $50,000 to design the museum.
NEW YORK CITY-The improved ratings are attributed, in part, to the firm's successful integration of two recently acquired firms, the variety of its products and the diversification of its real estate loans by geography and tenant mix.
CHARLOTTE-The locally based developer plans to build a 65,000-sf flex buildng and a 120,000-sf warehouse on the last 25 acres available at Northpark. The estimated hard construction cost of both projects is $1 million.
SAN JOSE-The City Council decides tonight whether a citywide vote on the 20,000-worker development should occur. Opponents who gathered enough signatures for such a vote want a "yes" vote. The city's attorney says the petition is technically invalid and should be ignored.
BOSTON-As further indication of a recent trend to develop office buildings west of Downtown, Talanian Realty is developing an office building in the Beacon Hill neighborhood here. The five-story building will total 20,000 sf of space.
DENVER-CarrAmerica Development is finishing out a 73,000-sf office structure for a 115-attorney firm that plans to relocate some 60 lawyers from its downtown Boulder office to the new site. The building will be ready to occupy by month's end.
WASHINGTON, DC-Published reports quote Senate Republican Leader as stating he favors a 5% capital gains reduction. An NAR spokeswoman notes that any tax reduction would be help create more disposable income.
BUCHANAN, NY-As officials from the Nuclear Regulatory Commission began an inspection of the Indian Point 2 nuclear power plant, Consolidated Edison responded to harsh criticism leveled yesterday by Westchester County Executive Andrew Spano concerning the facility's safety.
NEW YORK CITY-News that Millennium Partners closed on a $400-million loan to acquire a portfolio including the Ritz Carlton on Central Park South and the Ritz Carlton in Battery Park City is just one more reason to herald the city's hotel market.