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GlobeSt.com - Today's Top Stories
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Construction Halt, Incentives Keep Market Viable
DETROIT-An almost complete halt to new construction has kept deals going and vacancy low, and while incentives can’t win every time (Volkswagen), they are working.
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World Market Center Construction Slows
LAS VEGAS-Having invested approximately $1.1 billion in the past four years to develop 5 million sf of showrooms in three massive structures, the next phase is on hold for at least six months.
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Off-Market Bid Gets 1,552 Units for $53M
TULSA, OK-The Redfern Family Trust takes four class B complexes from Macco Properties. The first-time buyer in the city satisfies a 1031 exchange with the pickup.
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Fort's $1B Redevelopment Plan Revised
EATONTOWN, NJ-The mixed-use proposal at the 1,100-acre Fort Monmouth has been tweaked a bit since first introduced earlier this year.
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State Signs Brownfield Cleanup Reform
ALBANY-The reforms will increase the incentives to develop contaminated sites and will demand greater accountability throughout the process.
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Q2 Construction-Loan Delinquencies Spike
OAKLAND, CA-In advance of final numbers, a preliminary national estimate by Foresight Analytics shows that growing problems in the residential sector are stifling commercial projects.
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Chipotle Not Cutting Back on Growth
DENVER-The Mexican chain is opening between 130 and 140 new units this year despite the drag in the economy.
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$500M Gates Foundation HQ Underway
SEATTLE-Site work begins for the 900,000-sf, full-block development across the street from Seattle Center, home of the Space Needle.
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