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ATLANTA-Entrepreneur Mark McClure and a group of private investors plan to come up with 30% of the development cost themselves and fund the balance with a construction loan. The 12-story to 15-story, 170-room boutique asset is planned on a one-acre site on Pharr Road in Buckhead's entertainment district off Downtown.
DENVER-The city and county are eyeing a municipal-funded 500-room hotel project as a way to get a facility at Denver International Airport. Council has yet to approve the proposal, which calls for Westin to manage the site.
LOS ANGELES-The preservation-minded LA Conservancy and two restored buildings have each won a National Preservation Award, one of the highest such honors in the nation.
SANTA CLARA, CA-Kaiser Foundation Health Plan has given the thumbs-up for financing a 50-acre, 1.5-million facility here that will house the area's first open-heart surgery program.
CLE ELUM, WA-Bill Lyche, director of development for the 6,226-acre MountainStar Resort, says the county's land use approval is a huge victory, opening the door for other resort developments in the area.
AUSTIN-Chat technology is being implemented into SiteStuff.com's portfolio of services. The e-procurement solutions firm for the commercial real estate industry will open appropriate pages for potential customers and provide instant price quotes.
PHOENIX--Months of frustrating negotiations with city officials in Scottsdale has developer Steve Ellman ready to relocate his $575-million mixed-use project to the shores of Tempe Town Lake.
FORT LAUDERDALE, FL-Developer Charles Palmer has finally won city approval to build two high-rise apartment towers along the New River in the Downtown area. But to get the OK, he had to trim their originally proposed 42-story height by 10 floors on one building and four floors on the other.