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ATLANTA-New York-based Charter Municipal Mortgage Acceptance Co. is buying tax-exempt revenue bonds to fund the development of Hickory Falls Apartments, a 220-unit, eight-building community under development by PRS Cos. in suburban Villa Rica, GA.
GREENWOOD VILLAGE, CO-Cheateau Communities, a giant among manufactured housing owners and operators, has decided to acquire the rest of a California-based manufactured housing REIT it already has a major interest in.
HERNDON, VA-The four-structure, 120,000-sf Sunset Business Park becomes the property of Atlantic Realty Cos. as seller Sunset Venture and Travel.com LC disposes of the complex in exchange for $14.5 million. New owner Atlantic is planning a $15-million renovation of the business park.
ATLANTA-The brokerage's new vice chairmen joined the Atlanta office from Cushman & Wakefield Inc. in 1987 when Insignia/ESG expanded its Southeast operations.
THE WOODLANDS, TX-A local restaurateur opens a 1,200-sf eatery in Alden Bridge Village Center, a 138,952-sf development. Anchored by a 67,768-sf Kroger, the center also contains Blockbuster Video and Walgreens.
ISSAQUAH, WA-The Overlake Hospital Medical Center, the largest hospital on the Eastside, plans to expend even further to the east with plans to open new clinics in Issaquah in late spring, as well as more services over a two-decade period.
ORLANDO-The former vice president of real estate services for Crow in Tampa becomes director of construction and business development in the Tampa office of Atlanta-based Advantis Real Estate Services Co.