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CEDAR FALLS, IA-Bethesda, MD-based AMI Capital, Inc. closes loans on two apartment complexes here for $2.925 million. The projects refinanced by low-income housing tax credits at 7.7% over an 18-year term.

NEW YORK CITY-The ground at 300 Madison Ave. has not yet been broken, but all of the anticipated 1.2 million sf were leased yesterday (March 13) by CIBC World Markets. CIBC expects to be in by early 2004.

ROUND ROCK, TX-Despite opposition from city council and residents, Hunt Building has gotten its funding and is off and running on an affordable housing project. The 167-unit complex in South Creek is valued at $14 million.

NEWPORT BEACH, CA-Shlemmer + Kamus + Algaze, which has done the lions share of space planning, interior and exterior design work for Arden Realty since 1996, trains its staff on the importance of the real estate transaction to its business.

SAN FRANCISCO-The locally based development company received approval last week from 205,000 sf of office space at Mission Bay. The company also has completed the land sale at Mission Bay that will allow Gladstone Institute to build an 180,000 sf facility.

SAN FRANCISCO-The e-procurement company serving the property management industry says it has raised $12 million to date. The latest round is coming from Internet Realty Partners, Equity Residential Properties Trust and Camden Property Trust, among others.

ATLANTA-More than 105,000 sf is available in the two buildings as Nortel vacates much of its space. CarrAmerica will continue to manage the buildings.

LOS ANGELES-The loan, from AEGON and arranged by L.J. Melody, covers the company's own Santa Monica headquarters and three other LA-area properties.