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KANSAS CITY, NORTH, MO-The sales involve 22 acres in two commerce centers and one business park in the Northland. Two parcels were sold in the Hunt Midwest Business Park; two more in the Great Midwest Commerce Center.
MORRISTOWN, NJ-Pru moves the 85,000+ sf property, with a financial services-laden tenant roster, for $13.1 million in a CB Richard Ellis-brokered deal.
SUGAR LAND, TX-Boise Cascade is making plans to pull out of Stafford and head to Sugar Land. The building materials supplier has just inked a 97,000-sf lease for a new distribution site.
PHOENIX-A local developer will begin construction in the spring on a 200,000-sf, class A office project in Paradise Valley. This area got hot due with opening of Loop 101, which makes it convenient for commuting.
WASHINGTON, DC-Fannie Mae's $1.5-billion inaugural subordinated 10-year benchmark notes hit sell-out crowds early in the day. The notes, with interest rates of 6.25% and a 6.293% yield, are payable twice a year.
CHARLOTTE-Several plans are being tossed about by their supporters as they seek funding and a clear vision of how and where a new park can become a reality.
NEW YORK CITY-Mayor Rudolph W. Giuliani presented his Financial Plan for Fiscal Years 2001-2005 yesterday (Jan. 25), calling for the largest capital plan for cultural institutions and libraries on record.
CHICAGO-The nation's largest nonprofit syndicator of low-income housing tax credits funded approximately 5,000 units. Expanded tax credits should make low-income housing more attractive to investors, the company says.
MINNEAPOLIS-L.J. Melody arranges the fixed-rate deal through Column Financial and Crown Bank. The 203,000-sf building is occupied by U.S. Bancorp. Doug Seylar of the Minneapolis office of L.J. Melody arranged the deal.
RENTON, WA-With 8,000 employees in Renton -- nearly one-third of Renton's entire work force -- the impacts of such a closure could be felt for years. Boeing officials say no decision has been made.