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ESCONDIDO, CA-The moving force behind the largest new commercial development Downtown in more than two decades says that a financing package of about $20 million has been secured for the project, called Gateway Center.
WHITE PLAINS, NY-Starwood Hotels & Resorts Worldwide Inc. yesterday reports its intent to sell $1.5 billion of senior notes in two traunches: a $700 million principal amount, due to mature in 2007, and an $800 million principal amount, due to mature in 2012.
COPPELL, TX-Shipping products specialist, Uline of Waukegan, IL, signs a long-term lease for an $8-million, 159,000-sf build-to-suit that will rise on 13 1/2 acres in Freeport North. Duke bests a half dozen other developers vying for the project.
MINNEAPOLIS-The 364-store women's clothing retailer is able to self-fund expansion, which included 82 new stores for the fiscal year ended March 2, thanks to its hefty 19.5% operating margin.
DENVER-An auction of 17 new condominium units in two projects, something that hasn't been seen in this market since the 1980s, takes place next month. The units are in two buildings in the Uptown and Congress Park neighborhoods.
ATLANTA-A joint venture of locally based Mercy Housing SouthEast and the NorSouth Corp. has opened 88 units of affordable housing in the Cuyler-Brownsville neighborhood.
NEW YORK CITY-Donald Trump may be out of the picture after walking away from the landmark with $57.5 million in hand, but that battling duo--Malkin and Helmsley--are still at each others throats over the property.
IRVINE, CA-The Irvine-based company has provided $22.8 million in financing for the development of two multifamily communities in the Inland Empire. The two projects will break ground this month.
BEE CAVE, TX-A 114-acre mixed-use plan, calling for a super-regional mall, could get its final approval in the near future. The developers figure they're about 18 months out from a construction start, says the Austin partner.
SAN MARCOS, CA-In a $28 million deal, a Tennessee company will develop the first private on-campus student apartments in the history of the California State University system.