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DETROIT-Cities and townships seeking SmartZone designations and the development incentives that come with them must be patient. The Dec. 31 deadline is being extended to give the Michigan Economic Development Corp. more time to study proposals.
NEW YORK CITY-The space, which had been plagued by legal and financial problems, proved difficult to market, particularly because the owner wanted a tenant who would use the space, not an investor.
NEW YORK CITY-A one bedroom with a small den in Boreum, Brooklyn rents for $1,200 a month, not including utilities, and lofts will go for more than $35,000 per year at the new West Side development in Queens. A renter's market it is not.
WHITE PLAINS-An executive charged with the marketing of the 383,000 sf former IBM property in Mount Pleasant will be discussing the property's availability and the latest leasing news at the building at a Board of Realtors meeting on Jan. 18.
HOUSTON-The closure list is growing for Stage Stores, a south central US and Midwest family clothing retailer. The company is seeking a bankruptcy court OK for the now 243 planned shutdowns.
WASHINGTON, DC-The Organization of American States building at 1889 F St., NW renovations are scheduled for completion by the summer of 2002. OAS operations in the 350,000-sf building will be consolidated. Three will be leased.
DENVER-The future is now, says RNL Design as it preps to unveil a "Star Wars" workplace in 6,700 sf on the 15th floor of Legacy Tower. The project has been three years in the making.