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MILPITAS, CA-GMAC Commercial Mortgage Corp., a financial subsidiary of General Motors, has provided just shy of $30 million for the Marriott TownePlace Suites and the Courtyard by Marriott.
WASHINGTON, DC-Even though fourth quarter figures were down, condominium sales hit a record high in 2000. The National Association of Realtors says the 721,000 units sold is down 1% from the third quarter's record 728,000 sold.
PHOENIX-Downtown's largest hotel is for sale, and the owners, who have put $20 million in improvements into the property, are looking for offers in the nine-figure range.
SAN DIEGO-GMAC emerges as the industry's largest third-party commercial lender, while industry experts extol the health of CMBS. Keynoter Tony Pierson tells the crowd that economic fears might be premature.
KINGS MOUNTAIN, NC-It took a year to find a tenant to fill the South Carolina developer's first 100,000-sf structure but company officials are confident the new space in Kings Mountain Commerce Park will be leased quickly because of current demand. The site is 20 miles west of Downtown Charlotte.
SEATTLE, WA-According to retail specialist, Steve Ruggiero of First American Properties, and a mid-year report by CB Richard Ellis, the retail market in Puget Sound is moving hard and fast, with no signs of slowing down any time soon.
WEST LONG BRANCH, NJ-The online realtor will link up with several of the Internet giant's local and regional portals and benefit from city-specific distribution across the Garden State.
PORTLAND-Real estate sources close to the sale of the 190,000-sf, four-story building at 2525 SW First Ave. should close in the next 60 days. Many well-known Portlanders have had their hands on the building through the years.
ANN ARBOR, MI-The company will help design an eight-story, state-of-the-art complex providing an additional 1 million sf of office space inside the campus of GM's Warren Tech Center.