Business Specialties Development
New $430M Detroit Airport Terminal Cleared for Debut
Sept 5, 2008

Construction of Detroit Metropolitan Airport's new 26-gate North Terminal has wrapped up, paving the way for the project's official unveiling on September 17. Work on the development kicked off in 2005 with the demolition of the former James M. Davey Terminal, which had been constructed in 1966. North Terminal, in addition to its gates, also contains about 50,000 square feet of concession space. The project cost the Wayne County Airport Authority approximately $430 million to complete.

 
Recent Development Headlines
Gaylord Nixes Plans for $1B San Diego-Area Resort
Nov. 19, 2008
Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project’s abandonment was not caused by the frozen debt markets that have wreaked havoc on developments across the nation.
aymong JV Planning $4.2B Resort in Vietnam
Nov. 18, 2008
Historically, hard times signal an increase in gambling, so perhaps the joint venture of MGM Mirage and Asian Coast Development Ltd has eyed and will seize the prize, with the planned $4.2 billion MGM Grand Ho Tram, a multi-property complex that will be located along the shores of the South China Sea, some 80 miles from Ho Chi Minh City, Vietnam.
Redevelopment Authority Approves 4 Boston Projects
Nov. 18, 2008
Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.
Miami Worldcenter City Commission OKs Zoning for 25-Acre Miami Worldcenter
Nov. 18, 2008
The Miami City commission has approved special district zoning for Miami Worldcenter, a nine-block mixed-use development situated north of the city's Central Business District. 
COPT Breaks Ground on Maryland Office Project
Nov. 17, 2008
Corporate Office Properties Trust has broken ground on the first office building at North Gate Business Park located adjacent to the Aberdeen Proving Ground in Harford County, Md. COPT will soon start a second building at the site. The 80,000- to 85,000-square-foot buildings will cost an estimated $16.5 million each, for a total of $33 million.
 

 

STAG Capital Kicks Off Industrial Fund with Anticipated $1.3B Buying Power
November 19, 2008
By Barbra Murray, Contributing Editor -- Boston-based STAG Capital Partners has initiated STAG Investments V L.P., a fund targeting commitments of $400 million for the acquisition of predominantly high-yield single-tenant industrial properties across the country. The newly launched fund marks...

Boston Properties Closes $375M Financing of Four Embarcadero Center
November 19, 2008
By Gail Kalinoski, Contributing Editor-- Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by...

Gaylord Nixes Plans for $1B San Diego-Area Resort
November 19, 2008
By Adam Perrotta, News Writer-- Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project's abandonment was not caused by the frozen debt markets that...

$334M in Commercial Mortgages are Likely to Default, Bank of America Buys Stake in China Construction
November 19, 2008
By Tonie Auer, Contributing Correspondent-- While Wall Street rebounded Tuesday in another turbulent session as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low, the market for debt used to finance hotels,...

REal Talk with Adam Perrotta-Tuesday
November 18, 2008
--The world is flat indeed, it seems. Just as the global contagion of the financial crisis has illustrated the porousness of national borders, so too does the planned development of a $4.2 billion resort and casino in Vietnam. Bringing the...

Management Matters with Mike Myatt: Teach Them to Fish
November 14, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Do you feed your employees, or do you teach them how to fish? Do you like to swoop in and save the day? Do you see yourself as the white knight that can...

Management Matters with Mike Myatt: Good Employees Are Not Expendable
November 07, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Good employees are not expendable. As a CEO running a company during tough economic times, if your strategy to survive the economic downturn is to implement a slash and burn approach to cost...

Management Matters with Mike Myatt: Surviving the Economic Downturn
October 17, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As odd as it may sound, if you want to survive the economic downturn, increase your marketing expenditures. If you're the short-sighted CEO who cuts back on marketing, branding, and advertising budgets in...

Management Matters with Mike Myatt: Are Recruiters Effective?
October 10, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Sourcing tier one talent is an issue for all businesses. I was recently asked if recruiters are effective, or if they're worth the investment. Since my firm has a talent management practice which...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...