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ARLINGTON, VA-The company's regional office here arranged more than $12 million in financing for Heritage Park Apartments in Adelphi, MD and School Lane House Apartments in Philadelphia, PA.
DALLAS-Arledge/Power is taking some tips from the big boys in the trade and adding its own philosophy about what clients need. A new vice president has been added to oversee and develop transaction services, but he is part of a team as it should be, says a company principal and co-founder.
TETERBORO, NJ-The venerable New Jersey broker, instrumental in the development of the Meadowlands submarket, ties into the international platform of Philadelphia-based Binswanger and UK- and Germany-based companies. The partnership will be known as Biswanger/Klatskin.
PALO ALTO, CA-The computer maker is buying a 41,000-sf building that houses the company's lab facility. Compaq has leased the building since 1998, when it merged with Digital Equipment Corporation, the space's occupant since 1990.
BOSTON-Massachusetts General Hospital speeds up its building plan due to rising construction costs and an increase in its volume of cancer patients. The hospital plans on building two buildings by 2004.
CHARLOTTE-With a new convention center hotel now under way, Portman Holdings is looking for office tenants an a new project adjacent to the hotel. Advantages of the site are parking and Downtown location.
COLORADO SPRINGS, CO-Forest City Equities has secured $25 million in funding for a 300-unit multifamily development. The Vineyards is a 22-building complex that will be built on 21 acres. New York City-based Metropolitan Funding has closed the deal.
CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.
DENVER-CMD Realty Investors is tackling a $1-million upgrade of the 185,737-sf former AT&T Building in the CBD. The former owner had planned to take the profit from the sale of Hudson Bay Centre and invest in a suburban property until this one came on the market.