Page 4 - Magellan Development Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's the second-highest local home price of the year to date. At this time last year, 11 Chicago-area homes had sold at higher prices. 

With longstanding plans for a five-star hotel now dead, the city hopes to entice developers to purchase and redevelop a downtown parking lot that comes with a key condition: Provide lots of low-income housing.

Elected leaders to initiate process for soliciting proposals to redevelop a city-owned site at Seventh and Market, with an emphasis on affordable housing.

Next steps for the city-owned land at 7th and Market will likely be declaring the site surplus, as required by state legislation, and re-starting a process for redevelopment, with the emphasis on affordable housing.

San Diego is ready to cancel the nearly seven-year-old deal with Cisterra and its partners because the group won't be able to make crucial deadlines for the now $700 million project