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PHOENIX-The prospects for a $575-million mixed-use development that will include a professional hockey arena are looking brighter now that the developer, Steve Ellman, and city officials are meeting to review his financial data.
NEW YORK CITY-Insignia/ESG has been handling the sale of the landmark Seagram building on Park Avenue since Teachers Insurance and Annuity Association put it on the block. Now word has it that they've nailed a $375-million deal with Aby Rosen and Michael Fuchs.
MIAMI-Terms of the deal are confidential but rents have shot up to $35 per sf from $30 per sf since Codina Realty Services began marketing the 30-story, 525,000-sf structure two years ago. Pre-leasing is at 80%. The building opens in November.
GLENDALE, CO-Home Depot is opening doors on its largest operation in the Denver area. The inventory will boast a high-end lineup including Maytag appliances and Thomasville cabinetry.
REDWOOD CITY, CA-The alliance between Corrigo and Louisville, KY-based ElectricStreets will allow Web-based communication between property managers and tenants using Corrigo's mobile technology and ElectricStreets' intranet capabilities.
CHARLOTTE-The Queen City's West Morehead Street is gradually evolving into a development zone where a steady flow of major projects have taken shape over the past five years.
EAST FISHKILL, NY-The $2.5 billion IBM semiconductor chip manufacturing facility to be built here will create thousands of construction and permanent jobs in Dutchess County, but the computer firm is eligible for hundreds of millions of dollars in state economic development incentives.
ORLANDO-Broker Bert Locke steps down after heading the Florida chapter of the Building Owners and Managers Association for two years, but not before recalling how he and his colleagues defeated telecommunications lobbyists on a thorny industry issue.<p>