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NEW YORK CITY-US Dept. of Commerce figures released yesterday show a nationwide uptick in multifamily housing starts and permits last month but a REIT analyst with Lehman Brothers tells GlobeSt.com that the data do not indicate overbuilding in a sagging economy.
HOUSTON-Westway Park has snared Time Warner and the Belo Corp. for a 30,000-sf, single-story building to house offices and an all-digital broadcast facility. It will be the nerve center to a 24-hour news station just for Houston.
DALLAS-The city's "best small hotel" and historic landmark, the Melrose Hotel, has secured a $24-million refinancing. GMAC's Philadelphia office arranges the deal for the home-away-from-home to the stars through Delaware Investment Advisers.
MIAMI-The provider of Internet infrastructure and managed services attributes a 45.1% increase in net losses primarily to startup costs for the NAP of the Americas.
ORLANDO-The Oak Brook, IL-based REIT paid 2140 SCT Corp. of Newport Beach, CA $8.57 million or $113.52 per sf for the 75,492-sf, 100% leased Chickasaw Trails Shopping Center near Orlando International Airport, metro Orlando's next new commercial hot spot.
ORLANDO-The entries of Wal-Mart, Costco and Target into the food sales business are putting some supermarket locations at risk, a new Trammell Crow Co. report warns.
NEW YORK CITY-A 19-year real estate industry veteran, she will oversee all Downtown sales and on-site sales activity. She had been with Brown Harris' Feathered Nest affiliate since 1999.
ATLANTA-The former Great Neck, NY-based developer of airport-adjacent storage/office buildings, now based in Dallas, will be entering Atlanta's industrial market in January with the first 350,000-sf phase of a 905,000-sf, 72-acre business center in nearby Clayton County.