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UNIONDALE, NY-Arbor Commercial Mortgage LLC provides refinancing for the 392-unit Siena Villas Apartments in Henderson, NV. The loan was sponsored by a private family trust that acquired the property simultaneous with the loan closing.
SEATTLE-The San Francisco-based commercial real estate says increasing market share here over the last two years made adding a local office a natural step. Heading up the office will be Rob Marshall, a former vice president with American Property Financing.
HOUSTON-Susser Petroleum hawks a vacant warehouse that came along with the last year's takeover of Rueshe Distribution. The selling price is hushed, but the 19,419-sf industrial site carried a $1 million asking price.
HERCULES, CA-Herbert J. Farber is suing the City of Hercules for $12 million in damages and lost lease revenues after the city allegedly canceled his redevelopment contract illegally.
LONE TREE, CO-Ed Bozarth pays slightly less than $10 million to General Motors for the Jerry Roth Chevrolet dealership, making him one of the 10 largest car and truck dealers in Colorado.
DETROIT-Population in the region will grow by 568,000 despite an exodus to Sunbelt states. Meanwhile, growth in the suburbs will create a strain on the infrastructure, says the Southeast Michigan Council of Government.
DENVER-The American Society of Association Executives will meet here next August, a visit that not only will draw 5,000 attendees, but likely result in increased spending here over the next five years.
BOSTON-As economic recession and fear of travel continue to plague the hotel industry here, a new study indicates local hotels will be hit twice as hard as the rest of the nation where income received from rented rooms is concerned.
SAN FRANCISCO-The city has approved 240-units of assisted living in a 23-story building on the property of St. Mark's Lutheran Church on O'Farrell Street. The First Unitarian Universalist Church appealed this ruling to the Board of Supervisors.
DEDHAM, MA-JPI indicates its intention to develop a 300-unit apartment complex here with an affordable housing component. The Dallas, Texas-based developer will file for a Chapter 40B application, which would enable it to bypass local zoning laws.