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ARLINGTON HEIGHTS, IL-Jerry H. Herman, whose 20-year hotel industry career included 10 years at City Hotels USA, Inc., replaces Michael P. Holtz at Arlington Hospitality, Inc.
BOSTON-A commission's report on whether casino gambling should be allowed in the state has not yet been released but already both sides of the issue are geared up for a fierce battle.
DETROIT-The Michigan Economic Development Corp. agrees to arrange tax-increment financing for brownfields in three Michigan cities, where more than $350 million in private investment is expected to follow.
DETROIT-The Michigan Economic Development Corp. agrees to arrange tax-increment financing for brownfields in three Michigan cities, where more than $350 million in private investment is expected to follow.
ATLANTA-In one of the highest per-sf sales of an office building this year, 2525 Durham Assoc. LLC paid Ralden II Limited Partnership $137.44 per sf for the 83,675-sf Durham, NC structure.
MIAMI BEACH-The locally-based company, Fifteen Asset Management LLC, is an affiliate of Fifteen Group LLC. The new company has taken over management of more than 14,000 total multifamily units in 46 communities in 10 states.
SAN DIEGO, CA-Structured as a tax-free reorganization with real estate assets valued at $301 million, the merger has resulted in the addition of 2,683 units to Essex's San Diego County apartment portfolio.
SACRAMENTO-San Diego based commercial and industrial developer The Allen Group will establish a Northern California presence with the development of an office and hotel complex.
SOUTHFIELD, MI-Local developer and investor Larson Realty Group joins with DRA Advisors Inc. of New York to buy the 270,488-sf office building from Northwestern Mutual Life Insurance Co.
MADISON, WI-The Chattanooga, TN developer brings its ownership in three Wisconsin retail centers to 100%, spending $61.9 million and assuming more than $25 million in debt related to the properties.