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SAN FRANCISCO-Survey respondents' continue to favor investment in 24-hour cities - cities that have succeeded in bringing together a critical mass of quality housing and healthy business activity in central locations.
HOLLYWOOD, FL-The Seminole Indian tribe, which opened the country's first high-stakes bingo hall on reservation land here back in 1979, is preparing to break ground on a new $300 million development of gaming and complementary facilities. But it first must clear the local site of an existing mobile home and travel-trailer park.
RALEIGH, NC-Walnut Creek Business Park will comprise 1.3 million sf for office, distribution and light manufacturing purposes. Four service center buildings, totaling 250,000 sf, are also planned. Nine distribution buildings will provide more than 1 million sf.
SPOKANE, WA-WestCoast stock hit a 52-week low of $5/share yesterday, and the news isn't much better today. The company is reporting a 6.1% drop in net income for the third quarter due to higher interest costs, depreciation and amortization, income taxes and a one-time, non-cash charge.
FARMINGTON HILLS, MI- Third Quarter results from Agree Realty Corp. showed lackluster growth in FFO on a revenue increase of 9.3%. The shopping center REIT's paypout ratio fell slightly.
ATLANTA- The developer hopes to break ground next year if it can sign a lead tenant to 150,000 sf. The owner of the planned 18-story tower and 3,000-vehicle parking deck will be Teachers Insurance & Annuity Association of New York which has had equity interests in Concourse products since the early 1980s. The site is 15 miles from Downtown.
DENVER-Just how good are the times? Members of the Society of Industrial and Office REALTORS. will get a chance to find out at the annual fall conference, which begins tomorrow at the Adam's Mark Hotel in Denver.