Business Specialties Development
Nonresidential Construction in Southeast Michigan Held Steady in 2007
May 20, 2008

The Southeast Michigan Council of Governments has concluded in its report, nonresidential development activity in Southeast Michigan 2007, that construction activity beyond the residential sector remained steady last year. According to data collected by the Detroit-based organization, the majority of the region's completed or in-progress developments, accounting for a total of 13.9 million square feet of new floorspace, are located in Oakland County, making it the most active of the seven counties in Southeast Michigan. Wayne County, home of Detroit, was a close second with 13.7 million square feet.


 
Recent Development Headlines
vegas World's Tallest Timeshare Tops Off in Vegas
July 03, 2008
The $1.2 billion PH Towers by Westgate in Las Vegas has reached a pivotal point in development with the attainment of the highest point of vertical construction. Located at the Planet Hollywood Resort & Casino, the upscale 52-story PH Towers (pictured) will be the tallest timeshare building in the world.
vegas LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
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Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent to the planned Mob Museum in the city’s historic Post Office Block.
Commission to Consider Lavonia Mall Redevelopment Plan
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With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business.
horizon Fox Interactive Signs $350M Lease for New LA-Area HQ
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Fox Interactive Media has completed a lease agreement with Lincoln Property Co. and ASB Real Estate Investments to lease 421,000 square feet of office space at the Horizon at Playa Vista project near Los Angeles.
CBRE Wins Leasing Role For Polish Shopping Center
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CB Richard Ellis Inc. has won the role of sole leasing agent for the Galeria Victoria shopping center in Walbrzych, Poland, its developer, Keen Property Partners, has reported.
 

 

$8.9B Penn Gaming Merger Crumbles
July 03, 2008
By Barbra Murray, Contributing Editor After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc.,...

Colonial Properties Trust Sells 5 Apartment Communities for $82M
July 03, 2008
By Gail Kalinoski, Contributing Editor Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not...

H&R Sells 11 in Canada
July 03, 2008
By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
July 03, 2008
By Tonie Auer, Southwest Correspondent -- Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent...

Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
By Barbra Murray, Contributing Editor Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage...

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By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
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Recognizing the Need for Change
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By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...

How to Reduce Employee Turnover
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How To Delegate for Success
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By Mike Myatt, Chief Strategy Officer, N2growth --If you desire to become a top CEO it will be essential for you to master the art of leveraging down. Think of any top performing CEO and you'll find that to the...