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HOUSTON-SEKISUI HOUSE, LTD., a prominent diversified developer and homebuilder in Japan, has joint ventured with Newland Real Estate Group, LLC to acquire both commercial and residential realty development projects across the US.
NEW YORK CITY-The Manufactured Housing Institute reported a 6.4% increase in shipments during the first seven months of 2010 in the manufacturing housing unit market.
MEMPHIS-Parkway Properties Inc. has roped CB Richard Ellis Memphis LLC to take over the leasing for its Memphis office portfolio, which includes seven properties spanning 1.2 million square feet.
ASPEN, CO-Starwood Hotels & Resorts Worldwide Inc. has sold its high-end, 179-room St. Regis Aspen hotel at 315 E. Dean St. at the base of Aspen Mountain to 315 Dean Associates Inc. for $70 million, which translates to $391,000 per unit.
IRVINE, CA-The CEO of SunCal Cos. Bruce Elieff is facing a debt as much as $230 million surety bonds with Lehman Brothers Holdings Inc. following the bankruptcy filing of the latter in 2008, which forced him to stop his 20 big residential projects.
NEW YORK CITY-Seward & Kissel has renewed its lease and expanded space at One Battery Park Plaza, aka 24 State St. with a 20-year deal for 150,000 square feet of space, from 19th floor to 24th floor.
DETROIT-The Economic Development Corp. of Detroit has granted preliminary approval for the construction of a healthcare facility worth $23 million, which would come up near the Outer Drive Southfield Freeway.