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RENTON, WA-A Bellevue-based developer wants to build an office building on a city-owned site currently being used as a surface parking lot; in trade, the city would get a parking garage in 2050, and partial use of it until then.
CHARLOTTE-Uptown Charlotte is awash in new hotel construction, the latest and largest being the 700-room Westin which has just broken ground across from the convention center at a development cost of $144 million, or $205,714 per room.
DELRAY BEACH, FL-This south Palm Beach County city has selected Atlantic Grove to develop a three-building complex on a 4.6-acre site that will include 72,000 sf of office/retail space and 62 townhouses.
DENVER-An Oak Brook, IL REIT is collecting $27 million for a 184,454-sf building in the Inverness Business Park. The sale will eliminate a potential negative cash-flow situation, says the REIT's CEO.
EVERETT, WA-Snohomish County economic development folks are raising money for a $4 million marketing campaign to prove Everett equally as attractive as Tacoma, which wouldn't have been saying much until recently.
PORTLAND-The contaminated property will be turned into a work-training and life-transition center for the developmentally disabled under a two-year old, Federally-funded brownfields cleanup program.