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CHICAGO-Loans totaling more than $200 million on the two Downtown office assets mature next year, when the buildings, as well as the entire Prime Group Realty Trust portfolio, could be under new ownership.
DENVER-During the company's second quarter earnings conference, it was reported that the impact of the SEC's interpretation of FASB-EITF Topic D-42 on AIMCO's previously announced preferred stock redemptions, would not affect its net income, but in fact it will.
AUBURN HILLS, MI-The office supply giant has leased a location near Great Lakes Crossing mall, which represents its 30th in the state, and sixth in this prosperous Detroit suburb.
QUINCY, MA-Volex Inc. leases 8,637 sf at 1900 Crown Colony Dr., a relatively new building in the Crown Colony Office Park which is located along Route 128. The company relocated from nearby One Batterymarch Park.
HOUSTON-A newly formed JV, backed by foreign capital, will create about 90 jobs with an electrical assembly operation that will be set up in 60,711 sf of Proterra's Northwest 8 Business Park. That and a storage equipment supplier take park occupancy to 90%.
ORLANDO-The north end of International Drive and the Kissimmee submarkets are running into new competition and fewer hotel-motel guests, Trammell Crow Co. senior vice president C. Whitney Knoll tells delegates at the 2003 Florida Conference of the International Council of Shopping Centers meeting here.
HOUSTON-Internacional Realty secures the capital from MetLife to take the deed from Gables Residential for the newly named, Meyer Park Apartments. MetLife provides the 10-year loan at a 4.2% interest rate.