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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.
WHITE PLAINS-The sale leaves Principal Finanical Group with just one commercial property Downtown. The building is the headquarters of Malcolm Pinie, an environmental engineering and consulting firm.
SAN DIEGOIn a tribune to the increasing heat of centrally located office space, The Shidler Group has signed a flurry of office leases at properties in Mission Valley.
DALLAS-The LBJ Freeway and Colinas Crossing corridor is begging for a submarket branding, says the leasing agent for the 950-acre Mercer Crossing. He believes there's no better name than Mercer submarket, home to two million sf of office space and more on the way.
PORTLAND-Mark A. Carnese has joined his brother Brad at the local Cushman & Wakefield office. Mark is working in the office sector under senior broker Tom Usher, former managing director of the Portland office.
HOUSTON-J. Michael Boyd and R. Conrad Bernard are recipients of prestigious NAIOP awards from the Houston chapter. The duo have snagged the Lone Star award for brokering a sale-leaseback deal of four Baker-Hughes properties.
SEATTLE, WA-Unico Properties Inc. has named Kathryn Colgan as director of leasing for its 1.7 million sf of offices in Puget Sound suburban markets. It also has relocated Dan Preisler to Boise, ID to manage its key downtown property there.
CHICAGO-Aries Capital closes approximately $215 million in loans during 2000 while focusing on the mezzanine-oriented, structured finance business. It was up more than 34% from 1999, when the company closed $160 million in loans.
MORRIS PLAINS, NJ-Approvals must be granted first, but 116 residential units are planned to replace the 75-year-old factory, which closed down three years ago. The project will cost $18 million.
WASHINGTON, DC-The nation's housing policy is out of step with the growing "renter by choice" trend, according to the National Multi Housing Council's joint legislative program and the National Apartment Association.