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MIAMI BEACH, FL-After lengthy debate, the city has finally approved a plan by Miami developer R. Donahue Peebles to transform the former Bath Club into a $115-million resort condominium hotel. Construction is set to start next summer.
BROOMFIELD, CO-A NY-based real estate investment firm is pumping $50 million into a 23-acre office campus at US 36 in this bedroom community of Denver. The existing former ski booth factory will be razed to make way for the project.
BOSTON-The office building at 200 Portland St. was selected for its proximity to state and federal agencies in the North Station district, as well as easy access to subway and commuter rail lines.
ORLANDO-Land prices, development costs, rents and unit sizes are all going up, says Mark L. Findura, president of R.J. Twitty & Co. II Inc. But demand remains strong with class A and student markets are the most resilient.
SAN JOSE, CA-Silicon Valley developer Divco West Group is planning a 14-story, 400,000-sf office tower as the central part of a new Downtown gathering spot between the Tech Museum of Innovation and Chavez Plaza.
ROSEMONT, IL-Fast growing communications company leases CenterPoint Properties' 163,747-sf, speculative O'Hare West facility. Colliers, Bennett & Kahnweiler announce west suburban industrial sales and lease transactions totaling over 400,000 sf.
GREENBELT, MD-Metroland Developers has filed plans for a big-box retail and industrial project on ground where it has seen its $1-billion project scaled back to a town center plan.