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MIAMI-Manuel D. "Manny" Medina, chairman/CEO of the Miami-based telecommunications service provider, appears to have pulled off a major business coup by becoming the lead developer of a planned carrier-neutral computer network access point in Madrid and possibly at other cities throughout Spain.
LONDON-The Royal Institution of Chartered Surveyors' latest residential housing survey shows that house prices are roaring ahead. Nearly 60 per cent of its residential estate agent members reported price rises in March
DENVER-Ferris, Baker, Watts, Inc. will be lead underwriter for the offering while Morgan Keegan & Co. and J.J.B. Hillard, W. L. Lyons, Inc. would be co-managers, according to the REIT's filing with the Securities and Exchange Commission.
ST. PAUL, MN-The Family Housing Fund hopes to use the foundation's money to add 5,000 new homes and apartments out of the four-year grant, providing affordable housing for as many as 14,000.
SPOKANE, WA-A Hilton Hotels Corp. franchiser opens the second Hilton Garden Inn in the area. The 120-room hotel adds to the brand's collection of more than 125 such facilities across North America.
SAN DIEGO-The Shidler Group has made its second large purchase of the month, this one a biotech campus in Sorrento Mesa in a deal valued at $62.5 million.
ALBUQUERQUE-Occupancy stands at 92.4% in a city with 16,825 units in 68 properties. It's a 0.6% drop from fourth quarter 2001 and 1.7% under last year's first quarter total. The slight decline could stall permitting, says RealFacts.
AUSTIN-The stability of real estate values doesn't mean there aren't any concerns about the marketplace. Austin's chief appraiser recognizes the problem areas, but says it's still a better scenario than the downturns of yesteryear.
ATLANTA-Masterfoods USA of Cleveland, TN, a division of Hackettstown, NJ-based Mars Inc., is adding a new line, Cookies And, to its brand of chocolates. No major building construction was involved in the expansion of the Tennessee plant.
ATLANTA-Gateway Management Co. Inc. of Atlanta and Sterling American Property III LP paid EEA Realty of Alexandria, VA $12.9 million or $46,071 per unit for the 17-year-old, 85%-leased, 280-unit Park Crossing Apartments in suburban Gwinnett County, GA.