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WASHINGTON, DC-Fannie Mae plans another series of redemptions next week, this time redeeming some 14 issues valued at $1.36 billion. Original maturity dates of the securities extend through 2011.
DALLAS-Texas has all the right genes for weathering a nationwide recession, say regional executives. Job growth is slowing somewhat statewide, but it's still far ahead of the rest of the Union. The state's diversification is the key to continued growth.
MINNEAPOLIS-The revisions clarify and give the city more review authority over paint color and landscaping. Buildings do not need be of a certain age to achieve historic status.
SAN DIEGO-A local holding company has completed a long-term financing arrangement for a 51,000-sf commercial building owned and operated by its wholly owned, San Diego-based subsidiary, Miramar Road Associates.
CHICAGO-Which is bad news for those locales that boasted only a few months ago that they were the centers of the tech universe. In downturns, it's nice to have eggs in a number of baskets.
HILLSBORO-Meanwhile, the Santa Clara, CA-based chipmaker has halted office development projects all across the nation -- including a $400 million project in West Union -- due to the slowing economy.
SEATTLE, WA-Last month Fortune Investments paid slightly over $2.26 million for the land on which it plans to construct an 80-unit apartment complex. The sales price reflects a four-fold jump from the seller's purchase price of $556,000 just two years ago.
ORLANDO-Sarasota-based Floriday Development Co. paid Nerbonne NV, an offshore trust, $4.12 million or $205,224 per acre for a 20.1-acre parcel on south International Drive where it plans to develop a 300-unit condominium hotel.
ARLINGTON, TX-Ft. Worth-based JaGee Properties has just finished a redevelopment in Arlington and is counting the days to a groundbreaking for the 16-acre, 28,000-sf Shops on Cooper. The latest undertaking is a high-end center in the heart of the city's primary shopping district.