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SEATTLE, WA-Though many aspects of Puget Sound's real estate market are sputtering and groping for solid ground, Thomas Wick says, "For investors there are still pockets of multifamily and residential that are strong.
COLORADO SPRINGS, CO-Retired US Air Force colonel Charles R. Lucy will focus on construction litigation and real estate. He was a judge advocate during his 20-year Air Force career.
MIAMI-New South Federal Savings Bank, an affiliate of Birmingham, AL-based Collateral Mortgage Capital is loaning a total $6.22 million on three manufactured home communities in Miami, Lake Alfred, FL and Auburndale, FL.
NEW YORK CITY-The venerated retailer has confirmed reports stating that it has signed a letter of intent with the city to explore the possibility of opening a second store in lower Manhattan. The retailer has been scouting the area for two years.
NEWARK-Panelists agree that the Garden State is still a good place to be if you're in real estate, but point to some very deep concerns before the market--and the economy--right themselves.
ELGIN, IL-Revitalizing could spread north of this city's Downtown, along the riverfront, with a promise of $5 million from state legislators to purchase a salvage yard, which likely will become the site of multifamily development.
NEW YORK CITY-The 300-year-old financial services firm signs a four-year renewal valued at $20 million for three floors of the 32-story Downtown office tower. Colliers ABR represented building owner Merrill Lynch in the deal--one of the largest post-Sept. 11 renewals in Lower Manhattan.
BINGHAM FARMS, MI-A light industrial building in Canton, MI sells for $2.1 million, 8.3 acres in Springfield Township, MI trade for $1.3 million and a 25,000-sf building in Bay City, MI sells for $1 million in deals brokered by Colliers International of Michigan.
WHITE PLAINS-While a host of rental apartment projects have broken ground of late here, the developers of "The Dell," a 31-unit luxury rental apartment project, will be the first to open its doors in about a month or two.
COSTA MESA, CA-Five lawyers leave their posts at Pillsbury Winthrop LLP to form a boutique specializing in real estate and business law. They say the decision was sparked by the escalation in billing rates by large, multinational law firms.