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DETROIT-Keen Realty Consultants Inc. of Great Neck, NY says it generated more than $100 million as a result of its Family Golf Centers Inc. bankruptcy auction, including two entertainment centers in Michigan.
ORLANDO-Broker David J. Patten of Winter Park, FL-based Interlachen Financial Group tells GlobeSt.com qualified investors can now lock in fixed-rate debt for up to 15 or 20 years at an average 7.5% rate.
DALLAS-The right suitor has finally come along for the Henry S. Miller Cos., which has closed on the sale of a two-state residential sales business and mortgage company. Now, Miller is honing in on commercial development in Texas and surrounding states.
BELLEVUE, WA-Locally based Laptop Lane Limited, which provides travelers a private office at various airports around the country, was named Best Specialty Retail Brand Operator in the Small Retailer category in Airport Retail News' annual poll of airport concessions.
MIDDLETOWN, NY-Two new tenants have recently signed lease deals totaling more than 11,000 sf at the Playtogs Plaza complex here. Levin Management Corp. brokered both transactions on behalf of Playtogs.
RALEIGH, NC-Vacancy rates in Downtown Raleigh have been dropping for several years from 13% in 1998 to the current level of 3% to 5%. Most demand is for class A space.
CEDAR FALLS, IA-Bethesda, MD-based AMI Capital, Inc. closes loans on two apartment complexes here for $2.925 million. The projects refinanced by low-income housing tax credits at 7.7% over an 18-year term.
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.