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IRVINGTON, NJ-Fannie Mae, New Ark of Hope and BNY Mortgage Co. have joined together to form a partnership to help employees of the Township to obtain a mortgage and buy a home here.
CHICAGO-"Affordable housing as well as education is at the very top of the mayor's agenda," Chicago housing commissioner John G. Markowski tells this week's National Housing Conference's symposium.
HOUSTON-Costco is putting the finishing touches on two stores, totaling 296,000 sf, in Houston. It's part of a Texas emphasis. In keeping with North Texas openings, the stores will open together on June 7.
SAN FRANCISCO-The online commercial real estate marketplace has launched a service allowing brokers to integrate detailed financial termsheets and real-time loan rate information with their commercial property listings.
SAN FRANCISCO-In a sublease deal with the Internet consulting firm, the noted provider of next generation Internet portal solutions is relocating its headquarters to 75,000-sf in Martin Group Partners' historic "Landmark" building in downtown San Francisco.
ORLANDO-R. W. Cuthill will be asking U.S. Bankruptcy Judge Arthur B. Briskman next week to order the public disclosure of offshore account owners who claim to have lost about $120 million or 56% of the total $214 million allegedly scammed by New Vernon, NJ resident William J. Zylka, owner of 10-year-old, Orlando-based Evergreen Security Ltd.
DALLAS-Turner Construction Co. is taking its place in history as the contractor for the $70-million plus, 300,000-sf museum about the US Constitution. The Philadelphia project is part of the revitalization of the historic Independence Hall complex.
MIAMI-Lenders grant the locally based equipment rental company a permanent wavier under events of default and an increase in pricing. In exchange, Neff agreed to a reduction in the maximum amount allowed under the credit facility, from $220 million to $160 million by June 30 and to $120 million by Dec. 31.
DALLAS-Car Toys is forging ahead on an expansion strategy that calls for about 20 retail sites by the end of 2002. The latest signings are for a lease site in Arlington and a land buy in Plano. The auto electronics retailer has seven DFW locations in place.
LOS ANGELES-Quintessence Photonics Corp. is slated to occupy a 40,000-sf industrial building in Sylmar next month. The start-up telecom company signed a five-year lease deal valued at $1.4 million.