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ORLANDO-After sitting on the sidelines for 15 years, the 2,700-acre International Corporate Park is jogging onto metro Orlando's 92 million-sf industrial turf big time by kicking off design work on a $17 million connector road linking main transportation arteries to the property. The road will take three years to permit and build.
DENVER-It's time to move on an affordable housing plan, says Forest City Stapleton. Its project at the former airport promises to deliver more affordable units than any other developer.
HOUSTON-Grubb & Ellis brokers say it's going to be a good year in Houston, particularly in the CBD. Construction costs are down, rents are comfortable and projects are on the table or coming out of the ground.
QUINCY, MA-State Street Corp. expands its eight-building campus here by leasing an additional 235,000 sf of space. The company also plans to lease space in the skyscraper being built near south Station in Boston.
PARSIPPANY, NJ-The broker has had a major impact on the New Jersey market since its entry just last year, and a rash of deals at the 2000/2001 crossroads only made that impact more clear.
TROY, MI-The city north of Detroit is building public/private partnerships to create a conference center, hotel, office building, youth museum, IMAX theater and a performing arts center in the next five years.
NEW YORK CITY-The new group will identify and develop e-commerce and traditional opportunities for the real estate services firm. Falus had been president of Cushman & Wakefield of New York Inc.
HOUSTON-The final milestone is reached in a sell-off plan of non-strategic assets, says the president and CEO for Houston-based Pennzoil-Quaker State. The company has found a buyer for its Louisiana refinery. A closing is expected before April 30.
DAVIDSON, NC-The town of Davidson (Pop. 6,000), about 20 miles north of Downtown Charlotte, took the action a day after a group of landowners and developers sued the town to overturn a two-month-old building moratorium on more than 4,000 rural acres east of town.