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WASHINGTON, DC-With $200 million in a revolving fund for acquisitions, this company is looking to add to its assets, after recently acquiring a distribution center for Montgomery Ward in Brandywine, MD.
FOREST PARK, IL-The Forest Green Plaza retail center commands $167 per sf, as well as a 9.8% capitalization rate, a few weeks after the village of Oak Park pays $1.985 million for a parking lot.
NUEVO LAREDO, MEXICO-Hilton Hotels is up and running with its third Mexico hotel. The newest facility, a 120-room Garden Inn, delivers business-focused amenities to Nuevo Laredo, one of the busiest crossings along the border.
PORTLAND-The property at SW 11th and Clay used to be the home of the historic Simon Benson house. In deference to the late industrialist and philanthropist, Doorninck says he will name his development Benson Tower.
GRESHAM, OR-The Oregon chapter of the American Planning Association gives its 2001 "Professional Achievement" award to the City of Gresham for its work on Gresham Station, the retail portion of a larger mixed-use project. The city's building official also has been recognized.
SAN DIEGO-The vigorous hiring climate is expected to continue here this fall, according to a new report from the temporary employment agency Manpower Inc.
ATLANTA-Stoney Ridge Apartments, a one-year-old, 108-unit garden apartment complex in Fayetteville, receives a $4.3 million loan at 7.2% interest over 10 years on a 30-year amortization schedule.
NASHVILLE, TN-Country Farm Family Buffet Inc. of Tullahoma, TN is taking 5,600 sf for five years at the 80,400-sf Campbell Station Shopping Center nearing completion at an estimated hard construction cost of $7.5 million or $93 per sf.
MIAMI-Since falling to a recent low of $38.51 on Aug. 15, publicly traded common shares in the Miami-based builder of single-family and multifamily homes closed up Friday at $42.50.