Page 2 - Transwestern Development News Today

A developer wants to buy the homes and demolish them for an industrial park, the Daily Herald reports.

An industrial developer bought Christine Bendings house, razed the neighborhood and put a warehouse in its place. Bending had just settled into her new home in a quiet corner of Medinah when the same developer offered to buy her out again, this time for $1 million. She isnt budging. Shes one of the Medinah residents mounting a fight against the proposal to purchase nearly 150 homes to make way for new industrial buildings in a sizzling OHare market.

Positive property fundamentals at mixed-use developments are attracting investors of all types

Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired a brand new property in downtown West Palm Beach that will be transformed into an upscale, hotel residence catering to the citys rapidly growing corporate and leisure travel community.

The cost of building materials spike by 40 percent last year, according to Prologis. That might remain a pattern for a while

Only a small share of U.S. warehouses incorporate sustainable features. That is beginning to change

With little industrial space available and rents continuing to rise, industrial tenants are doing whatever is necessary to sign leases