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FARMINGTON HILLS, MI-The 35,339-sf medical office building, owned by Rontal Investment Co. LLC, is financed with a $4.75-million loan arranged by Bernard Financial Group. The lender is Clarica U.S. Inc.
ANN ARBOR, MI-A $500-million program of new research buildings is planned by the University of Michigan Health System. The projects include a new children's hospital, life sciences institute and cardiovascular center.
DENVER-More than 16,500 professionals attend the national convention of the American Institute of Architects, which passed a resolution to help national leaders develop a national energy policy.
WASHINGTON, DC-The National Association of Realtors and Camara Argentina de la Propriedad Horizontal y Actividades Immobiliarias have concluded joint meetings here and signed a historic alliance agreement.
NEW YORK CITY- Mark Gordon, a managing partner in Sonnenblick-Goldman's International Lodging and Leisure Group, says there is unmistakably a slowdown; however, capitalization rates have not changed significantly, and hotels here are performing well.
WASHINGTON, DC-Fannie Mae announced today (Monday, May 21) that it will redeem the principal amounts on securities issues, as it also did on Friday, May 18 and Thursday, May 17.
PORT LUDLOW, WA-HCV Pacific Partners plans to refurbish the retail and residential portions of the 1,300-acre Jefferson County resort that includes a 300-slip boat marina and 27-hole golf course. The seller is Pope Resources, a Poulsbo, WA-based forest products company.
ATLANTIC CITY-Two lots will be sold in the heart of the city's casino gaming area. The properties are zoned for development and will likely become part of the neighborhood's casino expansions currently underway.
DENVER-City Park South LLC and national developer are hoping to build several 30-story luxury residential units in a $300-million development about five minutes east of Downtown, on an 8.3-acre site.
SOUTHFIELD, MI-The banking subsidiary places offices in Auburn Hills, Troy and Dearborn into one at 20700 Civic Center Drive in this central Southeast Michigan city, where a 70-person department has moved.