Interesting article on capital markets

Hotel News Now Hotels News - Article The good news is the capital markets are functioning better and much sooner than we in the capital markets expected....

Rosemead - CA

City and developer disagree over future of auto auction site - SGVTribune.com: "they say, a major hotel could be built on the site"

Rosemead

Planning Department (626) 569-2140.

Country Inn and Suites Conversion potential !

Amber Hotel Company | Baymont Inn & Suites Page

• 82 guestrooms including 14 whirpool suites with interior corridors
• Visible and easily accessible from the I-94 Dan Ryan Expressway
• Built in 2001 on 3 acres with room for an adjacent conference center

Contact Dave Bowman

310-774-500 ext 5064

Target Field Site

643 5th Street North, Minneapolis, MN 

http://maps.google.com/maps?oe=utf-8&client=firefox-a&ie=UTF8&q=643+5th+street+north,+minneapolis,+mn&fb=1&gl=us&hnear=&cid=0,0,6222166897393550744&ei=ZFbOS5z7GISENq2U8CU&ved=0CAcQnwIwAA&hq=643+5th+street+north,+minneapolis,+mn&ll=44.983909,-93.277788&spn=0.006822,0.020578&t=h&z=17&iwloc=A

60,000 sf footprint, just west of the warehouse district, 10 minute walk to Northloop, Target Field, LRT/Northstar, CBD, Warehouse district..Month-to-Month income about $8,500 (billboard runs through 2013 -below market rents, 2 page lease, assignable + 2 tenants)

Owner will contribute property to development with the right team in lieu of sale.Asking $1,150,000

For Details contact:

Josh Floring

952-250-9216

josh@joshfloring.com

www.joshfloring.com

Des Plaines - IL

Daily Herald | Hyatt hotels project in Des Plaines declared dead: "'If there are other developers we would entertain their ideas"

Michael Conlan

Director of Community & Economic Development

847-391-5306

Site in Minneapolis - MN

SWC of I 394 and Hwy 100

Ronn Thomas Senior Associate - Retail Brokerage Services	3500 American Blvd W - #200 Minneapolis, MN 55431 952 893 8230 | Phone 952 893 3631 | Fax ronn.thomas@northmarq.com

Pleasant Hill - PA

Springwood gets green light - Lebanon Daily News: "135-acre development will include townhomes, a hotel, restaurant, retail stores and office properties"

Bldg. Code Officer/Zoning Officer: Ed Reddy, 412-655-5034

Banks reportedly working with Private Equity again

Credit starts to loosen up again for mid-market companies Crain's Chicago Business

Monthly Enrollment Update - up 51% in one month!

Again, I would like to take a moment to thank all those who have subscribed to this blog since I have opened it up to the public. In the first full month of offering subscription, there were 35 subscribers , 887 views and 386 clicks linking to 78 different markets/articles of interest. 


After two full months, there are now a total of 53 subscribers, involving 1,517 views with 719 clicks back to the site on 120 items/markets of interest. There are currently three very qualified leads (that I am aware of) as a direct result of utilizing this blog.

I will report back in a month with a subscription update. In the meantime , if you can think of anyone that should be a subscriber as well, or have any suggestions of any kind, please let me know. The first five subscription referrals get lunch on me!

Beaverton- OR

Developer proposes hotel, housing and shopping for land next to Nike | OregonLive.com: "concept calls for an 84,500-square-foot hotel featuring 133 rooms, with limited conference facilities."

Metropolitan Land Group

An Independent Member of the Steed Group CCB: 181933 17933 NW Evergreen Pkwy., Ste. 300 Beaverton, OR 97006 503-597-7100

Onalaska - WI

Onalaska residents hear riverfront pitch: "A hotel is being proposed just north of the site of the visitor center"

Redevelopment Waterfront Master Plan

http://www.cityofonalaska.com/vertical/Sites/{E2D95124-B506-4063-A7E4-C086F6654A75}/uploads/{1796E430-AEC7-4DAC-A51A-97C35124DDAE}.PDF

Onalaska City Hall 415 Main Street Onalaska, WI 54650 Phone: 608-781-9530

Portsmouth - VA

Willett Hall in crosshairs of plans for proposed City Center | HamptonRoads.com | PilotOnline.com: "The rest of the site plan includes a hotel, seven buildings for office or retail space, parking garages and 338 housing units,"

Portsmouth Department of Economic Development 200 High Street, Suite 200 Portsmouth, VA 23704 Phone: 757-393-8804

porteco@portsmouthva.gov

Turtle Bay -CA

Turtle Bay revises plan for hotel � Redding Record Searchlight: "Turtle Bay is working with two other potential franchises that Osborn would not disclose"

City of Redding: City Council

www.ci.redding.ca.us

777 Cypress Avenue Redding, CA 96001-2718 (530) 225-4447

Hookset -NH

Concord Monitor - Town wants condo, retail development: "Hooksett Gateway Development, as it's called for now, aims to attract a hotel, big-box retail stores and restaurants"

Jo Ann Duffy, Director of Community DeveloPublish Postpment

Hooksett NH jduffy@hooksett.org 603 268-0279

Paducah - KY

City mulls study for razing Executive Inn Site adjacent to Convention Center

Paducah Renaissance Alliance

605 Broadway

Paducah, KY 42001

(270) 444-8649

--Downtown-LowerTown 5-Minute Video--

Steve Doolittle	Downtown Development Director	sdoolittle@ci.paducah.ky.us

Libertyville- IL

Daily Herald | Longtime Libertyville hotel demolished: "corner of Milwaukee Avenue and Peterson Road"

Heather Rowe

Village's Economic Development Coordinator at (847) 918-2028
Aerial

Taft - CA

Master plan for railroad property unveiled. - Taft, CA - Taft Midway Driller: "Coats said there have been discussions with several potential users, including a hotel, and commercial and residential developers."

City of Taft CA

Teresa Statler Director of Finance 661-763-1350x19 tstatler@cityoftaft.org

Pine Island MN - looking for an operator partner! Click the slideshow

http://www.slideshare.net/secret/2j986FhQ5nGS4V

Crowne Pointe – Phase One

140,000+ sq ft Domed Ball Fields
•35,500 sq ft Entertainment Building
– 6,000 sq ft restaurant
– 7,000 sq ft mezzanine entrance with retail spaces
–12,000 sq ft Fun Center
–10,000 sq ft Golf Building
•Golf Manufacturing/Pro Shop
•Indoor Mini-Golf
•Year-round Driving Range
•200+ Unit Camp Ground Facility

Crowne Pointe Development, Inc.
PO Box 130058
Roseville, MN 55113
Attn: John Colby, General Manager
jecolby@thecolbygroup.com
Phone: (612) 961-7972

•

Lyndhurst - OH

Unidentified buyer makes offer for Acacia Country Club land | cleveland.com: "designed golf course could be replaced by anything from offices to apartments, a hotel, senior housing or shops"

Grubb & Ellis Company Terry Coyne Senior Vice President & Chair, Industrial Properties Department 1350 Euclid Avenue, Ste. 300 Cleveland, OH 44115 P: (216) 453-3001 E: terry@terrycoyne.com F: (216) 453-3093

Owensboro-KY

Owensboro planning ahead with State Office Building site - 14 News, The Tri-State's News and Weather Leader-: "city plans to use the site for the proposed downtown hotel"

Contact Information

For more information, please contact Fred Reeves, Executive Director, Downtown Development at 926-4339.

Ft. Lauderdale -FL

Giant water park proposed at Fort Lauderdale Stadium - Sun Sentinel: "Hotel-retail-sports-water-park plan"

"Dave's thoughts"-

Perhaps adjoining land is available to take advantage of the anticipated high demand?

Mayor Seiler may be reached at 954-828-5003 or via e-mail at jack.seiler@fortlauderdale.gov.

Williston - ND

COVER STORY: Region partially insulated from hotel building slowdown | Prairie Business Magazine | Grand Forks, ND: "People say they can’t find a room in Williston, Minot, Dickinson, Sidney, Montana, or any place in between."

Tom Rolfstad

Williston Economic DevelopmentDepartment

www.willistonnd.com

22 East Broadway Williston, ND 58801-6011 (701) 577-8110

Loudon- NH

Speedway officials may rev up slots play - NashuaTelegraph.com: "100-room hotel and automobile museum on the grounds of the New Hampshire Motor Speedway complex in Loudon"

Bruton Smith

http://www.speedwaymotorsports.com

5555 Concord Parkway South

Concord, NC USA 28027

Phone:704-455-3239

231-suite Northland Inn & Conference Center located in Brooklyn Park, MN.Offered at a significant discount to replacement cost. Park Inn???

Please welcome our newest conversion property addition to the Park Inn system as of April 1, 2010. Park Inn Houston North Hotel & Conference Center, TX 500 North Sam Houston Parkway East Houston, TX 77060

Madison - WI

Developer proposes hotel-office complex at University Avenue and Whitney Way: "construction of a six- to seven-story hotel, a restaurant and a five-story medical clinic on 15 acres"

Erdman Holdings, Inc (Erdman Real State Holdings)

5117 University Ave

Madison, WI 53705-1360

Phone:	(608) 218-6328
Website:	www.erdman.com

Update to Muskego - WI

Please see March 16 post for original information. http://sitesandsupport.blogspot.com/2010/03/muskego-wi.html

Hi Everyone,

Just wanted to let you know that a possible aid in financing has recently come across my desk that can help in Hotel financing specifically.  Attached is information on  Recovery Zone Facility Bonds (RZFBs) for your convenience.  Basically, you could get a certain amount of bonds as tax-exempt using the City's name which would in turn lower you interest rates considerably on that portion of your borrowing.  There is a statewide pool of money that could qualify for hotels, but time is of the essence since the bond money is gone as of January 1, 2011.  The City just has to label the community as a recovery zone which we are willing to do if this helps someone out.

Taking advantage of such a tax exempt bond coupled with our aforementioned grant money from the City of Muskego may help bridge that financing gap!

As always, keep lines of communication open with me if interested.

State link to RZFBs: http://commerce.wi.gov/BD/BD-RZFB.html

Go Muskego!

Jeff

  ___________________________________

Jeff Muenkel, AICP EDFP

Community Development Director

City of Muskego

W182 S8200 Racine Avenue

PO Box 749

Muskego, WI 53150-0749

Phone: (262) 679-4136 or (262) 679-4145

Fax: (262) 679-5614

Email: jmuenkel@ci.muskego.wi.us

Web: www.ci.muskego.wi.us/planning

Laguna - CA

Business owners, developers gather on urban village | city, development, zoning - News - The Orange County Register: "n urban village with shops, restaurants, entertainment, hotel, office and a transportation hub"

Bruce E. Channing

City Manager|(949) 707-2610|EmailFax|(949) 707-2614