Development

CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.

KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.

BURNSVILLE, MN-Minneapolis Clinic of Neurology has signed 11,000 sf lease in a 52,000-sf office building being built here by Kellison Co. An attraction is the building's proximity to Fairview Ridges Hospital.

DETROIT-Home Depot officials are saying plans for the company's first store in the city remain viable. The Atlanta-based company has been looking at a site in Riverbend Plaza shopping center to build a new store.

CHARLOTTE-A 135,000-sf Home Depot retail store and a 10,000-sf CBS Pharmacy will anchor the first 145,000-sf phase of Promenade on Providence, scheduled to open this summer. The estimated hard construction cost is $40 million.

TINTON FALLS, NJ-The real estate company will take about one-third of a class A building currently under construction along the Garden State Parkway in this Monmouth County township.

ORLANDO-The Osceola County-based real estate firm is relocating to the SouthPark section of Orlando Central Park where it has purchased a 1.08-acre pad for $260,000 or about $240,740 per acre ($5.40 per sf).

KINGS MOUNTAIN, NC-It took a year to find a tenant to fill the South Carolina developer's first 100,000-sf structure but company officials are confident the new space in Kings Mountain Commerce Park will be leased quickly because of current demand. The site is 20 miles west of Downtown Charlotte.