Intradel president and CEO Kerry Kirby tells GlobeSt.com that the Overland Park, KS office for Horsham, PA-based GMAC Mortgage Co. has lined up a single buyer for $17 million of tax-exempt bonds, a closing that will be done practically in sync with the 24-story building's acquisition from Equitable Life Insurance Co.

Intradel and Fort Worth officials have cut a tax abatement deal that starts revenue flowing for city taxes 90 days after the 200-unit Main Street Lofts at 714 Main St. reaches 90% stabilization, Kirby says. Intradel is ticketed to pay 50% of the property taxes for the first through third years; 60% for years four through six; 70% for the seventh, eighth and ninth years; and 100% in the 10th year.

Fort Worth spokesman Pat Svacina says the abatement is tied to a 20% hiring of minority and women's businesses for the construction phase, a 35% hiring of Fort Worth-based contractors and creating seven jobs and $200,000 in annual service contracts. Shreve Land Construction of Shreveport, LA is the general contractor.