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ROCHESTER,MN- 200,000-sf circuit board plant to cost $21.5 million. Deal latest of several with electronics manufacturing services firms for W.P. Carey.
ROYAL OAK, MI- $50 million, three-phase retail and residential project gets City Council site OK. Main Place Development will have retail anchored by Barnes & Noble plus 84 condos.
AUSTIN-A booming economy and expected population growth attract retailers of all types from around the country. One market watcher says the city will experience two back-to-back years of two million new sf.
DENVER-Denver's Mayor Wellington Webb contends Post Properties Inc. is not the right developer to redevelop the East Village low-income housing project in northeast Denver into a development for low, middle and market-rate housing. And neither is another Atlanta-based firm, the Integral Group. The mayor says the project needs a developer sensitive to meeting housing needs for working people and low-income residents.
KANSAS CITY- Leasing activity starts again at Power & Light as skeptics question whether the downtown redevelopment and entertainment district will ever get off the ground.
DALLAS-Regency Realty believes it has what it takes to be a good neighbor, delivering in October a 125,000-sf retail development tailor-made for the tony homes of Trophy Club.
HOUSTON-Without a doubt, Houston's retail market has recovered from the residual effects of a space glut that began in the 1980s. This year, new sf may hit as high as three million in all city submarkets.
ORLANDO-A U.S. Bankruptcy Court judge orders the five-year-old luxury shelter developer to sell four assets valued at about $11 million to pay off unsecured creditors. The developer has a debt load of $160 million with $130 million owed to Credit Suisse First Boston Mortgage Capital.
ORANGE COUNTY, CA-The Central County city apparently can now sell 100 acres of closed Marine Corps base to developers after bill that would earmark the land for schools fails in state Assembly.