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HOUSTON-Main-Old Main Joint Venture will construct a 220,000-sf professional building near the Texas Medical Center. It is one of the few undertakings of this type by a privately owned, for-profit firm.
EDEN PRAIRIE, MN- Consumer electronics hot shot will open 70 new stores next year. Best Buy rival Circuit City will spend $1.4 billion remodeling its stores and plans to open 25 new stores by February.
SAN FRANCISCO-Architecture firm SMWM has released its design for the new $904-million Transbay Terminal at First and Mission Streets. It next goes for approval before the Bay Area Toll Authority.
SHELBY, NC-After 10 years of uphill effort and $1.2 million in redevelopment costs, the town of Shelby, roughly 45 miles east of Charlotte, has restored Lafayette Place, adding 17,000 sf of retail and residential space to the center city.
LAFAYETTE, CA-The office and industrial real estate investment trust is handing out a third-quarter dividend of 45 cents a share, and its stock price is at a 52-week high.