LAS VEGAS-Located along The Strip, the 475,000-sf Desert Passage mall has been mostly deserted with limited passage for pedestrian traffic. Coined "the poor child of the three big malls," Desert Passage has historically underperformed when compared to the Forum Shops at Caesars and Grand Canal Shoppes at the Venetian. Like its Arabian-themed décor, the mall has a rich history of uphill battles and dramatic controversy. Today, new owners are reworking the mall in hopes of creating Las Vegas's next retail jewel.
EAST LANSING, MI-Michigan State University and the cities of Lansing and East Lansing are teaming up to create the Lansing Regional SmartZone. The objective is to identify commercial opportunities and provide the necessary tools to grow or attract business.
INDIANAPOLIS-During their Q1 earnings call Friday, Simon Property Group executives said new development in 2005 is expected to exceed $600 million. Currently, the company has five US projects and three international developments under construction.
INDIANAPOLIS-During their Q1 earnings call Friday, Simon Property Group executives said new development in 2005 is expected to exceed $600 million. Currently, the company has five US projects and three international developments under construction.
CHICAGO-Coffee franchiser Saxbys Coffee & Tea signs a 10-year lease in the city's West Loop. This marks the first of eight leases to be signed in Chicago.
CHICAGO-Golub & Co. and Quinlan Private purchase a 480,000-sf office tower in the city's financial district. Despite the building's 82% occupancy rate, Golub's CEO remains optimistic about the tower's long-term results.