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ATLANTA-Holder Properties is negotiating with the Federal Deposit Insurance Corp. for 84,000 sf and with PricewaterhouseCoopers for 110,000 sf at the 13-story, $60 million Millennium tower at 10th and West Peachtree Streets. Rreef Funds of Chicago owns the property.
WASHINGTON, DC-Larry Twerdok comes on board as a senior managing director for the mid-Atlantic, while the firm beefs up its retail brokerage division by adding Jason Flippo.
NEW YORK CITY-A local REIT with a minor interest in a Penn Station-area office tower spends $29 million to bring its stake up to 49.9% and secures an $85 million mortgage on the property at the same time.
FORT LAUDERDALE, FL-UBS Warburg research rates the locally based developer-operator of extended-stay lodging facilities as the only "buy" stock out of the 12 national hotel companies that the New York-based financial services firm covers for its investors.
LOS ANGELES-A principal of Entertainment Lighting Services has scooped up a 69,582-sf industrial building and an adjacent parcel of land in Sun Valley. The acquisition will allow the company to expand its headquarters, which will be located at the recently purchased site.
PHOENIX- Valley real estate firms and related professional industries make a series of promotions and hires, from vice presidents to a revenue management director. In all, five firms have lined up changes for their teams.
REYNOSA, MEXICO-ProLogis is pushing dirt on the infrastructure to a 1.48 million-sf maquiladora park in Reynosa. The Denver-based developer will practically double its holdings with the project. And, says a VP, another one million sf is in the pipeline.
PORTLAND-Port of Portland Executive Director E.B. Galligan assures interested parties the port is not at risk of defaulting on its bonds as suggested in published media reports earlier this week.
IRVINE, CA-The Irvine-based company, Aslan Realty Group, has paid $6.5 million for the property. Local investors continue to buy up multifamily property in the Inland Empire, as this is one of the fastest growing regions in Southern California.
AUSTIN-Prosoft Training and Netbotz raise $12.5 million total in funding rounds. Netbotz counts as its investor Hill Partners Inc., an Austin-based real estate investment company while Prosoft has Dallas-based Hunt Capital Group.