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BOSTON-Despite increasingly wary lenders, InterCapital Partners secures financing for a luxury condo building next door to the Prudential Center here. The 65-unit project is now reportedly fully financed.
DENVER-The banking business is thriving in Denver, where three major banks have 12 branch offices on the drawing boards for suburban expansions. Wells Fargo & Co. has its sights on nine new offices for the region.
LOS ANGELES-Owners and developers of retail property in LA County and other parts of Southern California may be in for some tough sledding in 2001, as the growth in taxable sales slows and tenants find it harder to make ends meet.
LOS ANGELES-Construction of new apartments and single-family homes eased 1% in November from a year ago, a new state report says, virtually assuring that starts this year will fall short of analysts' expectations.
LANCASTER COUNTY, SC-Crosland Group of Charlotte plans to break ground next year on 521 Corporate Center, a $70 million, 700,000-sf venture that expects to generate 2,500 new jobs to this manufacturing-dominant area 90 miles south of Downtown Charlotte. The park will occupy 67 acres along U.S. 521, abutting the North Carolina-South Carolina border.
ORLANDO-The four million-sf Orange County Convention Center is drawing more business travelers looking for newer inns with five star-like appeal, a commodity Orlando doesn't yet have. But 4,700 new hotel rooms in the construction pipeline may produce at least one lodge with the sought-after rating, analysts predict.
PORTLAND-The locally-based owner, operator and developer of private-pay assisted-living communities has acquired in a joint venture four properties in California, Idaho and Oregon that were previously leased from two publicly-traded real estate investment trusts.
ATLANTA-Canton, GA, 35 miles northwest of Downtown in one of metro Atlanta's fast-growing northern counties, is telling developers to discuss their projects with civic and homeowner groups first before applying for development permits.
SAN JOSE-San Jose State University is getting a head start on its $3 million training facility for student athletes thanks to a $1 million grant from the Koret Foundation - the largest ever for the university's sports programs.