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TRENTON-The state's aggressive approach to incentive packages, credited with drawing significant business from neighboring states, especially New York, just got more aggressive as the Garden State ups the ante.
WASHINGTON, DC-Twenty-one properties across the country are being put on the block by Jones Lang LaSalle. Sealed bids for the big-box stores, which are being sold individually and not as a package, are due May 7.
ORLANDO-Billionaire team owner Richard DeVos is asking taxpayers to pay 80% or $200 million of a proposed $250 million Downtown basketball court. DeVos would pay $4.2% or $10.5 million. Government officials immediately rejected the offer.
ORLANDO-Annual acreage transactions finished 2000 at $44 million, down from a record $67 million in 1999. An Orange County moratorium slowed developers but allows the market to catch up, a new report by Grubb & Ellis finds.
CHICAGO-The historic Wabash Y is transformed from an abandoned building into a 101-unit single-room-occupancy multifamily building and 27,000-sf YMCA with city, state, federal and tax credit financing.
FLAGSTAFF-A $500-million mixed-use development proposed for the southern rim of the Grand Canyon remains alive, despite a court ruling last week that derailed a land trade that's critical to the plans.
ORLANDO-After two years of negotiations, Osceola County commissioners have struck a deal with entrepreneur Rob Miller: They'll underwrite the estimated $100 million cost of the venture's infrastructure if he comes up with a lead investor by Oct. 1. If he doesn't, the deal is off--and dead.
MIAMI-The New York-based Patronis Group leads an equity partnership that includes Granite Associates, Creative Capital Management and the locally based development group.
PORTLAND-A board member of shopping mall developer Crown American Realty Trust since 1993, Donald Mazziotti was a chief planner for the city in the mid-1970s and an economic director for the City of Vancouver, WA before becoming a deputy assistant secretary in the federal transportation department in 1978.