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CHICAGO- Planning Commission doubts European American Realty can put together financing for proposed 112-story tower. Lender has deed to the development's planned 7 South Dearborn site and has put the property up for sale.
SAN JOSE-The Palo Alto-based apartment owner and manager says it is under contract to pick up 200 units in two adjacent complexes here; in June, the company bought the 526-unit Mountain Vista apartment complex in Fremont, Calif.
ROCHESTER,MN- 200,000-sf circuit board plant to cost $21.5 million. Deal latest of several with electronics manufacturing services firms for W.P. Carey.
ROYAL OAK, MI- $50 million, three-phase retail and residential project gets City Council site OK. Main Place Development will have retail anchored by Barnes & Noble plus 84 condos.
AUSTIN-A booming economy and expected population growth attract retailers of all types from around the country. One market watcher says the city will experience two back-to-back years of two million new sf.
DENVER-Denver's Mayor Wellington Webb contends Post Properties Inc. is not the right developer to redevelop the East Village low-income housing project in northeast Denver into a development for low, middle and market-rate housing. And neither is another Atlanta-based firm, the Integral Group. The mayor says the project needs a developer sensitive to meeting housing needs for working people and low-income residents.
KANSAS CITY- Leasing activity starts again at Power & Light as skeptics question whether the downtown redevelopment and entertainment district will ever get off the ground.
DALLAS-Regency Realty believes it has what it takes to be a good neighbor, delivering in October a 125,000-sf retail development tailor-made for the tony homes of Trophy Club.