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FLAGSTAFF, AZ-A $330-million development planned for the southern rim of the Grand Canyon that was defeated in the November election may return in a altered form, but it won't be anytime soon, says the managing partner.
ORLANDO-A new Grubb & Ellis Co. analysis shows net absorption and new deliveries will decrease in 2001 and 2002 while average rents for research and development/flex space and warehouse/distribution will rise about 3.25% this year.
DETROIT-DETROIT-Too much opposition by residents to the company's planned distribution center forced GM to look elsewhere, officials for the automaker say. The distribution center became an election issue in Milan Township.
DETROIT-The rights group is growing, and decided it made sense financially to buy a building on Hancock near Woodward rather here rather than rent additional space in the Book Tower Building on Washington Boulevard.
CHICAGO-With questions of an overbuilt office market beginning to surface as well as an exodus of some dotcom failures from leased space, lenders will be looking at the viability of a building's future cash flow, says Karen Case, group senior vice president for LaSalle Bank's commercial real estate department.
ORLANDO-The supermarket chain is making this area its second Internet-based market for home delivery groceries in 2002 after opening its first division this spring in Pompano Beach, FL, 180 miles south of Downtown. Kmart is completing the installation of e-shopping kiosks in Orlando, Ocala, FL and Jacksonville, FL and plans to offer online services by yearend.
DOWNERS GROVE, IL-Mortgages totaling $6.6 million from St. Francis Bank is arranged by Chicago-based Aries Capital for the properties located at 3000 and 3010 Finley Road in this western suburb.
WHITE PLAINS-At a press conference held yesterday, County Execuitve Andrew Spano blasted the Nuclear Regulatory Commission for not adequately monitoring the nuclear power plant. He's looking at legal action to shut it down.
SEATTLE, WA-With Merrill Lynch & Co. on board for 56,000 sf in the 545,333-sf 1700 Seventh Avenue building and Nordstrom taking another 400,000 sf, Clise Properties has two floors available as it heads toward a summer grand opening.