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FITCHBURG, MA-MassHousing, the state's affordable housing bank, makes $3.9 million in loan commitments to the 74-unit Hotel Raymond here and the 34-unit Majestic Apartments in Lowell.
LOS ANGELES-Long focused on industrial brokers, the group has added 60 brokers in recent weeks as it expands membership to include more office and retail brokers. The non-profit's name changes to AIR Commercial Real Estate Association.
MESA, AZ-Holliday Fenoglio Fowler's LA office secures the 10-year refinancing package in a competitive arena of conduit lenders. The 107-acre Mesa Regal RV Resort is considered one the best in the West.
LONDON-Countryside Properties and the English Cities Fund have been shortlisted for City Park Gate, the second phase of the gigantic Masshouse regeneration project in Birmingham city centre.
BOSTON-The Joslin Diabetes Center's $200 million 490,000-sf mixed-use project finally got its approval from the city. The Boston Redevelopment Authority initially delayed the vote because it wanted the project to up its affordable housing component.
CHICAGO-The multifamily REIT may not close on a $50-million purchase, and expects total 2003 acquisitions to be in the neighborhood of $25 million. The REIT had forecast $125 million in purchases this year.
WASHINGTON, DC-One NoMa Station, a redeveloped 408,000-sf office project that also offers build-to-suit spaces as large as 400,000 sf, is now ready for occupancy.
LONDON-Struggling casino operator London Clubs International is selling two of its prestigious London venues, the Palm Beach in Mayfair and 50 St James's to help repair damage caused by its disastrous Aladdin venture in Las Vegas.
CUMBERLAND, MD-Improvements are in store at the sprawling Rocky Gap Lodge and Golf Resort courtesy of $4 million in loans issued by the Maryland Department of Business and Economic Development.
DETROIT-A Virginia company will manage the 198-room Hilton scheduled to open in Downtown early next year, bringing in badly needed hotel rooms to the area. The property is near both Tigers' Stadium and the new Compuware HQ.