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HACKENSACK, NJ-Hampshire 99 has raised more than $22 million in capital from investors and leveraged it into a major portfolio around the Garden State and beyond. Norman Feinstein and Jon Hanson recently created the fund.
ORLANDO-With a nine-month loss of $27.2 million, locally-based World Commerce Online Inc. is bringing in former Oracle Corp. executive Joe Dugan and Federal Reserve Bank of Atlanta director Michael Poole to help company chairman Robert Shaw turn the company around.
DETROIT-The housing foundation will expand home ownership services in 30 cities with a $877,000 grant. The money will be used to offer pre-purchase counseling to prospective homeowners including down payment and closing costs. assistance.
WHITE PLAINS-County Executive Spano also has proposed having the county take over the agency designed to promote Westchester's hotel and tourism trades and he noted the success of the county's Office of Economic Development.
KENT, WA-A little more than 50% of the newly renovated building has been leased at rages from $17-$19/sf net. Intralock LLC purchased the building in August 1999 for more than $40 million.
SAN DIEGO-Some residents of toney community launch incorporation effort, saying county has let development and traffic in their area careen out of control.
SUNNYVALE, CA-Workers currently at the facility are beginning to install packaging-assembly lines. The office space will be ready in February. Other uses include advanced research labs, product-development areas, and wafer-processing facilities.
HOUSTON-Texas has an upper hand in the single-family housing market over other states, with Houston being one of the bright spots in a nationwide survey. Houston's single-family permits have jumped 5% this year.