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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.
PORTLAND-Looking for a change after 21 years with Cushman & Wakefield, the senior broker will be Ashforth Pacific's vice president in charge of marketing, reporting directly to new president Scott Langley, who came over from C&W last month.
HARTFORD, CT-FleetBoston Financial Corp. reports that it will consolidate 12 branches in the state because of branch overlapping. The bank attributes the overlap to its recent merger with Summit Bancorp.
AUSTIN-US OnLine is beefing up its services at the 308-unit Oakwood Austin complex. Los Angeles-based Oakwood Worldwide owns the multifamily property, which will be getting its bricks connected to high-speed clicks.