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TUSTIN, CA-The financing for the two medical buildings was arranged by NorghMarq Capital Inc. and provided through Deutsche Bank. The facilities, which total 66,000 sf, are 95% occupied.
SAN ANTONIO-MedCath Corp., based in Charlotte, NC, tickets San Antonio for the health-care provider's 11th cardiac-care hospital. The $50-million undertaking, carrying a 2003 delivery, will be built in the city's Medical District.
ATLANTIC CITY-Casino Control Commission rules that the Sands' lease of an adjacent hotel property qualifies as an expansion and entitles the struggling hotel to more gaming space.
STERLING HEIGHTS, MI-Financial and professional services have leased more than 66% of the new, 30,788-sf Sterling Plaza phase II office building just four months after its completion, its leasing agent says.
NEW YORK CITY-A law firm previously housed in the World Trade Center has subleased 23,320 sf in a Fifth Avenue office Building. The official move is set for tomorrow, though the sublessor allowed some employees to get set up before the deal was sealed.
LAGUNA WOODS, CA-The nonprofit corporation, Golden Rain Foundation of Laguna Hills, has signed a 10-year lease to occupy 41,000 sf in the 12-acre Town Centre complex here.
BOSTON-The effort to establish a Business Improvement District here in the Downtown Crossing area appears to have lost its momentum. The proposal died in the state Legislature last year and has yet to be resubmitted.
ATLANTA-The vice president and managing broker for Harry Norman Realtors in Stone Mountain, GA was cited by the 81-year-old, 24,000-member Georgia Association of Realtors for increasing office production by an average 25% each year from 1994 through 2000.
DALLAS-Brook Mays Music, Interstate Batteries and Verizon Wireless grab spots in Euless, Rockwall and Frisco. For Interstate Batteries, it's one of several more locations in the planning stages for the Dallas-Ft. Worth metroplex.
SUNNYVALE, CA-Lease Cost Solutions, in a joint venture with Personable.com, a Los Angeles-based application service provider, has launched LseMod Version 7.1, a commercial real estate financial analysis tool.