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ATLANTA-The locally based Urban Residential Finance Authority is giving Harold Dawson Co. up to $33.5 million in construction financing to develop a 350-unit multifamily and retail complex at MARTA's Lindbergh Station.
NEW YORK CITY-The city anticipates there will be more than one million sf of developable space available in West Chelsea due to some zoning changes the planning department intends to put in place.
SCOTTSDALE, AZ-Furst Properties has no qualms about adding another 143,144 sf despite the Valley's glut of office space. The developer says the office complex's surefire draw is a location in the Valley's fastest growing region.
DALLAS-Dallas Mavericks owner Mark Cuban and partner Todd Wagner debut their latest purchase, a 54-theater chain in 14 states. It's the final component needed to produce films, promote and air on their TV channel and then distribute to moviegoers.
ARLINGTON, VA-MeriStar Hospitality prepares to go on the prowl for new properties as it looks ahead to proceeds from its recent issuing of 12 million shares of common stock. The REIT expects to see the first signs of purchase closings by early next year.
CAMBRIDGE, MA-Meredith & Grew nails down a plum assignment with its designation by Lyme Properties as property manager for the Kendall Square project, a 1.3 million-sf hotel, office, lab and residential project.
LAKE ELMO, MN-The small city in the eastern Twin Cities metropolitan area fights the demand from the area urban planning agency to allow denser development.
CHATTANOOGA, TN- CBL & Associates Properties Inc. forms a 90-10 joint venture with Galileo America REIT, the US affiliate of Australia-based Galileo America Shopping Trust, which expects to be listed on the Australian Stock Exchange in the fourth quarter.
POTTSTOWN, PA-Shaun Realty, a unit of JDR Fixtures, acquires the manufacturing plant on Shoemaker Road here. The asking price was $1.3 million. Meanwhile, a lab facility in Aston, PA is offered for sale or lease.
CHINO, CA-The new master-planned community by Lewis Operating Corp. of Upland will eventually include nearly 10,000 residences and a commercial center.