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DALLAS-Apartment Builder JLB Partners has purchased a vacantsite spanning about three acres in Dallas' Cityplace project, atBlackburn Street and North Central Expressway, from Cityplace Co.The developer plans to construct nearly 300 rental apartments atthe site.

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The construction of the apartment community is expected to startafter Q2 2011. The acquisition was financed by a loan ofapproximately $4 million from Wells Fargo Bank. The developer ispresently constructing a 321-unit development in Houston.For the full story, go to Dallas Morning News.


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