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CHICAGO-The John Buck Co.'s $160-million retail development will lift retail traffic in office-dominated south Magnificent Mile. City's first Nordstrom will anchor 386,000-sf of retail space.
FORT LAUDERDALE, FL-Renovations begin in October for the 12-story, 450,000-sf office asset acquired earlier this year by an affiliate of Philadelphia's Legg Mason Real Estate for $25.24 million or $56 per sf.
ORANGE COUNTY, CA-After shedding thousands of Southland positions since the 1998 merger, the banking giant will bring some back through consolidation of a key business segment.
CHICAGO-Constellation Real Technologies, a recently formed 11-member real estate technology investment group, has made its first technology investment. Jones Lang LaSalle, an investor in Constellation, says its participation in the deal does not conflict with its SiteStuff e-procurement initiative.
REDMOND, WA-The City Council places historic landmark status on 16 properties, creates a historic design district and sets a building height limit on one of the city's oldest streets.
SAN LEANDRO, CA-Amid criticism, the San Leandro City Council is postponing a decision on whether to extend its eminent domain authority over four area properties to make way for redevelopment projects.
MIAMI-Shopping center vacancies are rising in much of Miami-Dade County and absorption is mostly down. Yet property owners continue to post higher asking rents for their empty store space.
DENVER-A Dallas investment group is laying out $4.25 million for a 125,000-sf industrial building to open a carrier hotel. The structure was built in 1947 by Ford Motor Co. as a parts distribution warehouse.
DENVER, NC-Lincoln County commissioners are allowing 240 more lots to be developed in Watergate Crossing, a 276-acre venture 20 miles from Charlotte. The rezoning brings the number of single-family homes to 424.