Magazine article from our research archive:
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Credit market stranglehold taking its toll.
- Article from:
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Real Estate Weekly
- Article date:
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June 18, 2008
- Author:
- Turcotte, Jason
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Copyright informationCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A large-scale downtown development parcel has drawn interest from more than a dozen buyers, as Cushman & Wakefield markets the Ft. Lee, NJ, site approved for a $1 billon mixed-use project.
While its owner continues to actively pursue financing for the project, the stringent lending environment also spurred them to test the market--signaling the challenges more developers are facing today.
The Cushman & Wakefield team of vice chairman Andrew Merin, David Bernhaut, Gary Gabriel and Jose Cruz was tapped to handle the sale of Centuria Ft. Lee for its owner, Town & Country Developers. While the company had always intended to develop the project, Merin--whose group is also ...
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Highland, Calif., to Break Ground for Planned $3 Million Park.
San Bernardino County Sun (San Bernardino, California) (via Knight-Ridder/Tribune Business News);
August 30, 2003 ;
399 words
......Sunday picnic won't have to wait much longer. City officials on Saturday will break ground on the Central Avenue Park next to the Jerry...small orange grove in the northern corner. City officials have scheduled the Aurantia groundbreaking...
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Dogs Help Break Ground for Animal Shelter
AP Online;
February 10, 2006 ;
87 words
......brought to the site of the shelter on the city's south side to help break ground for the building to be erected by Little Rock Animal Services. Also present were several city officials. The new $1.7 million facility will replace a city shelter built...
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Brewer to break ground on public safety facility
Bangor Daily News Bangor, ME;
September 18, 2007 ;
96 words
...BREWER - City officials and representatives from construction and architect firms will ceremoniously break ground at 11 a.m. today on the new public safety building on Parkway South. The new facility will replace the South Main Street locale...
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CITY TO BREAK GROUND FOR KAPOLEI PARKWAY EXTENSION
US Fed News Service, Including US State News;
March 14, 2008 ;
143 words
...The city of Honolulu issued the following news release: Mayor Mufi Hannemann and City officials will break ground Monday for the extension of Kapolei Parkway to connect Renton Road with the North-South Road, now being constructed by the state...
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MOUNT VERNON TO BREAK GROUND FOR WATER PROJECT
Evansville Courier & Press (2007-Current);
May 15, 2007 ;
185 words
...The city of Mount Vernon, Ind., will break ground at 11:30 a.m. today on a citywide project to improve its water infrastructure. City officials will gather at the city's waterworks, at 123 College Ave., to celebrate the citywide upgrade of the...
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Developer to Break Ground on Hampton, Va., Medical Offices.
Knight Ridder/Tribune Business News;
March 24, 1998 ;
256 words
......Hampton officials will gather today to break ground for a medical facility downtown, part...many medical facilities, Sosdian said. City officials hope that other medical businesses...Mayor-elect Joe Spencer and several other city officials are scheduled to attend today's noon...
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Highland set to break ground on City Hall
Deseret News (Salt Lake City);
July 7, 2007 ;
115 words
......planning to build a new, wheelchair- accessible City Hall in Highland, the city is finally ready to break ground in a new location. City officials will celebrate the ground breaking Monday at 5:30 p.m. at 5445 W. Town Square Park Rd., which is...
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New Transit Center To Break Ground
Albuquerque Journal;
November 23, 2002 ;
Journal Staff Report;
337 words
...Station To Reduce Travel Times, Relieve Overflow Mayor Martin Chavez and other city officials will break ground Monday for a proposed $32 million West Side Transit Facility near Unser and Interstate 40. Chavez, City Councilor Miguel Gomez...
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[ Developers plan to break ground on the site of a new Hindu temple... ]
The Sun, San Bernardino, Calif.;
August 28, 2005 ;
371 words
...CHINO HILLS Developers plan to break ground on the site of a new Hindu temple next weekend, though details...regarding the structure's spires are still being worked out. City officials approved plans for the cultural center, dining hall and other...
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FLORENCE TEAM TO BREAK GROUND.(News)
The Kentucky Post (Covington, KY);
February 5, 2003 ;
Wilson, Denise;
638 words
......Florence's new minor league team will break ground on its stadium next Tuesday, hold tryouts...3, entrepreneur Gary Enzweiler told city officials Tuesday night. After a couple of months...new 4,000-seat stadium. He invited city officials to join the team's coaching staff and...
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Fundraising for museum exhibits enters critical stage: City and historical...
Tulsa World (Tulsa, OK);
April 18, 2007 ;
639 words
......Apr. 18--City and historical society break ground for planned museum. They're normally...took part in a history-making moment. City officials and society members broke ground April...that's what got us here, Gerber said. City officials say a video camera will be set up so...
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Officials break ground for Eaton Row complex
New Haven Register;
June 29, 2004 ;
T W Farnam;
508 words
...NEW HAVEN -- City officials and contractors joined together Monday to break ground on the $7.4 million Eaton Row development on Dixwell Avenue, the last phase of a redevelopment of the Elm Haven public housing...
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KB Home to Break Ground on 550-Home Community Near the Iconic Sylmar...
PR Newswire;
March 9, 2005 ;
239 words
......Benefit From New Fire Station, Enhanced Equestrian Trails, Upgraded Public Golf Course WHAT: City officials and KB Home executives will break ground today on one of the largest single-family residential developments ever built in the City of...
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Officials Break Ground on Rail Line
AP Online;
March 13, 2001 ;
KRISTEN HAYS, Associated Press Writer;
298 words
...KRISTEN HAYS, Associated Press Writer AP Online 03-13-2001 Officials Break Ground on Rail Line HOUSTON (AP) -- City officials drove golden spikes into silver rails Tuesday to signify the first step toward a downtown trolley...
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