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DENVER-AIMCO, one of the largest apartment REITs in the country, replaces the parent company of American Airlines on the S&P 500. The locally-based REIT includes over 318,000 apartments located in 47 states, Washington, D.C. and Puerto Rico.
ATLANTA-The $9.3 million Fulton County revenue issuance is ranked BBB from BBB+ with a negative outlook rating. Although the project's liquidity remains strong, investment income at the 175-bed facility dropped in fiscal 2002 to $22,000 from $912,000 in the previous period.
IRVINE, CA-Dorn-Platz Properties of Glendale buys the 17,223-sf office building, which has been empty for about six months since the fitness firm departed. The building will be occupied by the buyer.
CHICAGO-Designating Wrigley Field a Chicago landmark "poses grave risk to the continued viability to this business at this location," said attorney Theodore Novak during a public hearing Wednesday.
BURBANK, CA-California overall posts a better-than-usual January for total construction spending, according to a recent report. But, the facts are the barometer could just as easily fall as rise for the next two years.
SCOTTSDALE, AZ-The specialty retailer will add 20 stores to its 64-location network, mostly in upscale mall locations. The expansion push starts with a premier buy in Florida as opening dates near for shops in Houston and Denver.
LONDON-US-based sale & leaseback specialist WP Carey has forward-purchased a cold-storage warehouse and distribution facility from Birmingham-based Insulated Structures in a $22 million deal.
HOUSTON-Vista Equities will break ground on one center in May and two more in June. The full plan calls for 49,000 sf of retail space in the suburb of Katy and the Houston submarkets of Westchase and far northwest.