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Stabilized Apartment Complex Lands Permanent Financing

remstaff &Globe Street | October 16, 2002

TACOMA, WA-The $10.3-million financing, which pays off the construction loan, is secured by the 116-unit Aravia. The 10-year loan has a fixed interest rate of 6.65% and a 25-year amortization schedule.

Developer Eyes Extra 50,000 SF for Anthem

remstaff &Globe Street | October 16, 2002

ANTHEM, AZ-Voit Development Co. is gearing up to start a second phase to Desert North Commerce Center as occupancy for what's standing pushes above 70%. The 50,000-sf building will rise on 4.5 acres.

San Diego Employment Level Holds Steady

remstaff &Globe Street | October 16, 2002

SAN DIEGO-The county's unemployment rate is on the wane, according to recently released government statistics. The October report, published by the State of California Employment Development Department, says that September's unemployment rate was 4.1%, down slightly from 4.2% in August.

Tishman Takes Wraps off of It's Times Square Hotel

remstaff &Globe Street | October 16, 2002

NEW YORK CITY-Times Square's revitalization takes a major leap forward today with the official ribbon-cutting of the 863-key Westin New York in the former red light district. Charles Gargano, chair of the Empire State Economic Development Corp., says the project will generate $297 million in taxes alone over the next two decades.

Durand Signs New Environmental Justice Policy

remstaff &Globe Street | October 16, 2002

BOSTON-The state's environmental secretary Robert Durand signs an environmental justice policy that local real estate and business trade groups actually like. The new policy is being lauded for its reforms that can expedite the permitting process for the development of brownfields.

Columbus, OH Multifamily Asset Sells for $17M

remstaff &Globe Street | October 16, 2002

PHILADELPHIA-Grand Prairie, TX-based Fairfield Quarry Limited Partnership sells the 288-unit River Oaks luxury multifamily rental community in Columbus, OH for $59,028 per unit to Dublin, OH-based Platinum Management. The property, located on 24 acres, was completed in 1999.

Sun Bancorp Buys Former JPM Center in Lewisburg

remstaff &Globe Street | October 16, 2002

PHILADELPHIA-While retaining its headquarters in Selinsgrove, PA and existing office space in Williamsport, PA, the bank holding company is centralizing operations, executive offices and information services in the former 25,000-sf training and headquarters.

Supervisors OK Bay Area Olympic Bid

remstaff &Globe Street | October 16, 2002

SAN FRANCISCO- The San Francisco Board of Supervisors supports the city's Olympic bid in a unanimous vote this week, which Olympic officials hope will make their bid stronger. The Olympic Committee will make the final selection of the host city in 2005.

59-Unit Low-Income Housing Project is Completed

remstaff &Globe Street | October 16, 2002

MANCHESTER, NJ-Expanding into the housing sector for the first time, Paragano Construction did the project for Beckerville Associates on the site of former military barracks.

Clarion Antes Up $1.5B for Crow Holdings

remstaff &Globe Street | October 16, 2002

DALLAS-Come November, the US subsidiary of ING Real Estate will be getting 35 million sf, Crow Holdings' CEO and practically the whole staff. The team, which stays in Dallas, forms the management nucleus for Clarion's first new REIT in three years.

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Stabilized Apartment Complex Lands Permanent Financing

Developer Eyes Extra 50,000 SF for Anthem

San Diego Employment Level Holds Steady

Tishman Takes Wraps off of It's Times Square Hotel

Durand Signs New Environmental Justice Policy

Columbus, OH Multifamily Asset Sells for $17M

Sun Bancorp Buys Former JPM Center in Lewisburg

Supervisors OK Bay Area Olympic Bid

59-Unit Low-Income Housing Project is Completed

Clarion Antes Up $1.5B for Crow Holdings

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