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HOUSTON-Affordable housing developer Swiss Village Community Ltd. has received a $3.5-million Fannie Mae loan. The fund will be applied to construction of an 88-unit second phase to Swiss Village in the city's northeastern tier.
DALLAS-WorkPlaceUSA is launching an online leasing platform that has been internally funded and in development for two years. The "bricks to clicks" initiative comes with eight deals, ranging from 10,000 sf to 120,000 sf, in various stages of negotiaton.
CONCORD, MA-Starmet Corp. intends to sue the US Army for payment of the costs to clean up its 46-acre property here. The site was recently put on the US Environmental Protection Agency's Superfund list.
DALLAS-The leasing pace has picked up momentum this quarter, with another six deals, totaling 44,229 sf, closing for Dallas-Ft. Worth brokers. One pact means a headquarters relocation from Ft. Worth to Dallas.
SAN DIEGO-ADCS Inc., a high-tech company specializing in data capture and document conversion, plans to begin construction of $7.9-million, two-story office building in November at Parkway Business Centre.
SEATTLE, WA-This week's city council meeting failed to produce a vote on Mayor Schell's plan to raise height restrictions--and contributions developers must pay to build taller structures. The ultimate decision could come next month or next year.
SANTA ANA, CA-Although financial terms of the deal were not disclosed, projected revenue for the enlarged surveying firm is expected to exceed $13 million over the next year.
AUSTIN-Trammell Crow has a new development manager for its Austin office's industrial division. The new hire, Donna Matocha, had been employed with ProLogis Trust's Austin office, where she worked with 37 properties totaling more than two million sf.
CRANFORD, NJ-The REIT, which has seen its fortunes rise since its proposed merger with Prentiss Properties fell through late last year, will pay out the cash on July 23.
CHICAGO-Buying environmental insurance may become as common as purchasing title insurance at closing, the commercial and multifamily administrative conference of the Mortgage Bankers Association of America is told.