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ANAHEIM, CA-Riding a high in multifamily investment activity nationwide, the 22-unit Wakefield Apartments here changed hands recently for $1.4 million. The buyer was Newport Beach-based Anna LLC.
LONDON-Quintain Estates & Development continued its strong growth in the year to 31 March 2001, with figures buoyed by the acquisition of Chesterfield Properties.
SAN ANTONIO-The University of Texas at San Antonio has renewed its 6,441-sf office lease in the class-A Cypress Tower in the city's downtown. Also staying put is the JM Group, which has a 4,275-sf spot in the O'Connor Road Business Park.
BELLEVUE, WA-Ben Conwell, a 14-year veteran of the Weyerhaeuser subsidiary, is the new head of acquisitions that will target properties in the 30,000-120,000 sf range. Most of the properties will be mixed-use developments in established neighborhoods.
DENVER-The Home Builders Association of Metropolitan Denver releases statistics showing a 49% drop in building permits in the first quarter and Grubb & Ellis top apartment broker Jeff Hawks sees further declines.
HOUSTON-In four transactions, Houston-based L.J. Melody & Co. has structured $54 million in financing for office buildings from the East Coast to the West Coast. The largest package, $17 million, goes to the Churchill Hotel in Washington, DC.
CHARLOTTE, NC-The online full-service commercial real estate loan services provider is adding the 10-year-old, Utah-based, 45-worker property inspection company to its roster of realty experts. The value of the acquisition wasn't disclosed.
WALNUT CREEK, CA-Roger Gage, a Senior Vice President with Cushman Realty Corp., has been elected Associate Chairman of the International Development Research Council, the world's leading professional association for corporate real estate executives, service providers and economic developers.
SAN DIEGO-Manchester Resorts plans to break ground by the end of the month on a $140 million expansion of the Hyatt Regency Hotel near the downtown Convention Center.
LONDON-Industrial property specialist Slough Estates has stepped up its European expansion programme with three new warehousing projects totaling over 1.3 million sf in France, Belgium and Germany.<