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BOSTON-Governor Jane Swift proposes a number of regulatory changes to the state's affordable-housing law. The move comes after the governor vetoed the legislature's housing bill this past summer, which included amendments to the law.
HOUSTON-After more than a decade at 4600 Post Oak Place, Vaalco Energy has decided once again to renew its lease for 8,700-sf at the two-story, atrium style building.
WASHINGTON, DC-Members of The Coalition to Insure Against Terrorism go straight for the jugular in a recent letter to US Senate and House of Representatives conferees, and asks them to set aside political bickering differences in order to pass terrorism insurance legislation.
FORT WORTH-Interstate Hotels & Resorts will take on the task of trying to reposition a 286-room hotel and conference center, which has been under the gun since it opened October 2001. Just four days ago, the facility was part of an asset return.
BRENTWOOD, CA-A private investor acquires the 55,000-sf property, which Lowe had owned since May 2000. The value of the deal was not disclosed, but sources estimate the buyer paid $14 million.
OAKLAND, CA-PCCP Lincoln Hegenberger LLC, a local investment group, buys a large plot of land from the City of Oakland, which it plans to use to build a new office/flex center.
DETROIT-Overbuilding is not a problem, and as a result, there are no fire sales or foreclosures in the market, notes Paragon Corporate Realty Services. However, property owners are relying heavily on incentives to keep tenants they have and hold down vacancy rates.
DALLAS-The Ewing Townhomes' developer secures financing through Freddie Mac, with Wachovia Securities buying the tax credits. The 18-year loan is a credit-forward financing with an 18-year term and locked-in interest rate of 7.42%.
SOUTH PLAINFIELD, NJ-Sheldon Gross Realty arranged the separate transactions for two different sellers of the properties, which amount to 37,000 and 30,349 sf respectively.