Development

LIVERMORE, CA- Located along the 580 corridor, construction of the four-building Copper Hill Business Park is expected to break ground in the beginning of next year. As things stand currently, the first three buildings have already been approved by the Planning Commission, with final approval of the last building expected by January.

WEST PALM BEACH, FL-The developers are expecting an 11% return on their $250 million investment, according to published reports. If they achieve that, it would rank the venture among the top 10% to 15% in profitability for shopping centers in the country, say industry sources.

ASHEVILLE, NC-The state government voted unanimously to take the land in DuPont State Forest from the developer and pay $12 million. The case could go to court.

CHICAGO-High-powered real estate partnership that includes Lakeside East backers Magellan and Near North gets big construction loan from a group of banks led by Bank of America. The Grand Plaza will be built on the last remaining parcel of the AMA's formerly huge near-north land holdings.

NEWNAN, GA-The first component of a mixed-use project here is a six-acre office park geared to small high-tech business. The first buildings will be four one-story office structures designed and wired for high-tech use.

SAN DIEGO-One of the famed music venues is being planned for the Gaslamp Quarter, confirming lengthy speculation of local boosters.

WASHINGTON, DC-This five-year-long construction budget was originally supposed to cost $756 million, but it has run $48 million more than projected.

ARLINGTON, VA-Hilton affiliate looks for places to expand operations in Washington metro area.