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LOS ANGELES-Lights may be dimming across Southern California, but the multifamily market keeps shining as a 204-unit apartment property fetches $21.8 million.
ST. PAUL, MN-Metro Council chairman Ted Mondale credits urban renewal and smart growth policies for population increases in Minneapolis and St. Paul. The growth of 29,000 in the '90s reverses longstanding trends.
TUCSON-While sales of new and existing homes were down during February, the value of the average home here rose more than $10,000 in the past year, and building permit numbers are on the rise too.
BUENA PARK, CA-Birtcher Real Estate Group, which has purchased more than 1.5 sf of office and industrial property throughout Southern California in the past two years, has acquired another 154,747-sf office complex.
LOS ANGELES-Neither firm will comment, but one former Cushman Realty exec says a deal is in the works. Rumors about a combination began spreading in brokerage communities on both coasts last week.
DALLAS-The fruits of Regency Centers' labor has paid off in developing an upscale shopping complex to complement the tony Trophy Club development. The project has netted a coveted SADI Award by Shopping Center World.
DANBURY, CT-In just a few weeks of active marketing, 50% of the available units in Phase Two of the Kensington Woods townhouse community here have been sold.
MINNEAPOLIS-The agreement between the developer of Internet products for the mortgage industry and the e-commerce exchange for real estate transactions is expected to improve the lending process.
HOUSTON-Northwest Office Building has renewed one tenant and signed a new one in recent transactions. Coming on board is Ornate Inc., a high-speed exchange service for commercial, e-commerce and residential properties.
DAYTON, OH- Milford, MI-based Robinwood Associates sells the 18-building Hunters Glen Apartments on the north side of this city to Cincinnati-based A. Ray Brown Family Investment for $5.5 million in cash.