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DENVER-The 16-story, 137-unit apartment building located at 1055 Logan St. received permanent financing from the metro regional office of NorthMarq Capital.
ORLANDO-The New York-based children's cable television network is partnering with principals of the seven-year-old, 800-suite Holiday Inn Family Suites Resort in a $20 million experiment, one mile from Walt Disney World and the $450 million Gaylord Palm Resort and Convention Center.
MIAMI-South Beach Resort Development LLC has received a $6.3 million mezzanine loan, arranged by LJ Melody & Co., for the development of the five-star project, called The Regent South Beach.
NEW YORK CITY-A newcomer to the New York City real estate investment market snags the 250,000-sf 660 Madison Ave. for $160 million or $640 per sf. The space is located on top of retailer Barney's New York, which is owned by a separate entity.
CHICAGO-Jones Lang LaSalle's efforts to sell a two-acre parking lot at the southwest corner of Madison and Des Plaines streets for a mixed-use development has produced nine letters of intent. That compares to two offers from a previous request for proposal process.
SOUTHFIELD, MI-Ramco-Gershenson is offering 2 million shares of common stock for public sale, in part to prepare the company to help finance two shopping centers it is now negotiating for.
ANN ARBOR, MI-The city has approved rezonings needed to move forward with the redevelopment of part of Downtown. Approvals are still needed from several other governmental agencies, however.
FORT WORTH-The 42,456-sf building and five extra acres sell to the highest bidder after three years on the market due to the structure's specialized design. The Kimmon Co. collects all cash from a Fort Worth family with a turnaround plan.
SAN JOSE, CA-The Denver-based flight navigation company signs a long-term, 26,300-sf lease at Opus Center San Jose that includes the top-floor of the 16-story, 341,000-sf class-A office building.
STAMFORD, CT-Apex Hospitality Corp. acquired a former assisted living facility here for approximately $7.5 million and plans to spend another $2.5 million to convert the 84,500-sf building into a new Hampton Inn & Suites.