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DENVER-Black Creek Capital will tap the affordable housing market, setting up a new entity to incorporate that component into its projects. The subsidiary will be headed up by the former president of the Colorado Affordable Housing Partnership.
PORTLAND-By defeating a statewide ballot measure that threatened the $100 million project's revenue-bond financing plan, voters have given the go-ahead for construction to begin early next year on the 105,000-sf addition.
PORTLAND-The locally-based national real estate investment and merchant banking company picks up a 1.65-million-sf portfolio in the Reno-Sparks area from one of the largest industrial developers in the nation.
WASHINGTON, DC-The company's president says that funds are up from operations, share values are up, occupancy rates are up, rent is up and things are looking very good for CarrAmerica.
WASHINGTON, DC-Southwest Washington landed a huge deal when the Federal Emergency Management Agency leased 310,000 sf in Potomac Center, becoming the anchor tenant for the $220 million project.
DETROIT-The 11-story, $44-million facility is the 40th Marriott in the Detroit metro area. It features 290 rooms, 15,000-sf of meeting space, 13 private meeting/banquet rooms and a grand ballroom.
SAN DIEGO-The region's economy continues to chug along as vacancy rates for virtually all sectors of real estate drop. Thirty thousand new jobs are expected to be added this year, on top of the 36,000 created in 1999.
NEW YORK CITY-While some predict recession and real estate demand is loosening, Gotham is king today as Fortune Magazine announces it has ranked the city as tops for business.