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TrizecHahn Taking $235-Mil Writedown

remstaff &Globe Street | January 31, 2002

LOS ANGELES-TrizecHahn Corp. has adjusted its valuations on several assets, based primarily on the results of recently completed independent third-party appraisals.

State Assists Grand Rapids SmartZone

remstaff &Globe Street | January 31, 2002

GRAND RAPIDS,MI-The city's SmartZone gets a $2-million grant from the Michigan Economic Development Corp.'s core communities fund. The money could be used for property acquisition and site development.

Newest West Loop Tower Won't Hold Title Long

remstaff &Globe Street | January 31, 2002

CHICAGO-Despite a rising vacancy and increases in both direct and sublease space in the submarket, plans are in the works for yet another West Loop office tower, just two blocks away from the recently-opened 525,000-sf Congress Center.

Mayor Livingston Calls for More Tall Buildings

remstaff &Globe Street | January 31, 2002

LONDON-Ken Livingstone, Mayor of London, told a House of Commons Select Committee that London risks losing its position as the predominant financial centre in Europe without more tall buildings.

United Dominion Tackles Dual Expansions

remstaff &Globe Street | January 31, 2002

DALLAS-This quarter, United Dominion Realty starts work on a 178-unit expansion to its 308-unit Mandolin complex in Euless. The project gets under way as crews forge ahead on 270 more units for the REIT's 250-unit Meridian in Carrollton.

Conference Center Completes $64-Mil Refinancing

remstaff &Globe Street | January 31, 2002

LEESBURG, VA-New York's Sonnenblick-Goldman Company arranges refinancing for the Lansdowne Conference Center Resort. The loan is a first mortgage on the 12-year-old, 305-room hotel meeting compound.

1st Heritage Park Occupancies Seen by Fall

remstaff &Globe Street | January 31, 2002

MINNEAPOLIS-The first phase of the $225-million, 900-unit development will be 232 units as part of the Near Northside Minneapolis project. The rest of the units, aimed at all income levels, are expected to be completed in 2003.

$125-Mil Low-Interest Credit Line for TVO

remstaff &Globe Street | January 31, 2002

NORTHBROOK, IL-The local office of Reilly Mortgage Group and Freddie Mac team to create a credit facility based on Freddie Mac reference bills. TVO Southwest Partners LP uses 22 multifamily property in three states as collateral.

Union Buoyed by 2 Key Development Projects

remstaff &Globe Street | January 31, 2002

DETROIT-Not only is the $200-million River East multifamily project on the Detroit River in the works, a $168-million building in Salem Township for Johnson Controls is being discussed, which is good news for the Great Lakes Construction Alliance.

Mortgage Bankers Attract 4,000 to 12th Annual CREF

remstaff &Globe Street | January 31, 2002

ORLANDO-The Feb. 3-6 commercial real estate finance/multifamily housing sessions are at the 27-story, 1,509-room Walt Disney World Dolphin Resort in Lake Buena Vista, FL, 20 miles southwest of Downtown Orlando.

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TrizecHahn Taking $235-Mil Writedown

State Assists Grand Rapids SmartZone

Newest West Loop Tower Won't Hold Title Long

Mayor Livingston Calls for More Tall Buildings

United Dominion Tackles Dual Expansions

Conference Center Completes $64-Mil Refinancing

1st Heritage Park Occupancies Seen by Fall

$125-Mil Low-Interest Credit Line for TVO

Union Buoyed by 2 Key Development Projects

Mortgage Bankers Attract 4,000 to 12th Annual CREF

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