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CHICAGO-The Chicago Housing Authority will be issuing up to $750 million in bonds next year in its first ever foray into the long-term capital markets. Acting CFO says that a lead manager for the financing will likely be chosen next week from a list of five bulge bracket firms.
MCLEAN, VA-The REIT continues its buy-spree, paying $39.6 million since the end of June for nine properties and improvements. It expects to buy another $100 million worth of properties in 2001.
COPPELL, TX-Chicago-based RREEF pushes ahead on an acquisition strategy, closing its second deal in two week in the Dallas region. The latest deal is the 530,800-sf Coppell Business Center Phase II.
PHOENIX-The prospects for a $575-million mixed-use development that will include a professional hockey arena are looking brighter now that the developer, Steve Ellman, and city officials are meeting to review his financial data.
NEW YORK CITY-Insignia/ESG has been handling the sale of the landmark Seagram building on Park Avenue since Teachers Insurance and Annuity Association put it on the block. Now word has it that they've nailed a $375-million deal with Aby Rosen and Michael Fuchs.
MIAMI-Terms of the deal are confidential but rents have shot up to $35 per sf from $30 per sf since Codina Realty Services began marketing the 30-story, 525,000-sf structure two years ago. Pre-leasing is at 80%. The building opens in November.
GLENDALE, CO-Home Depot is opening doors on its largest operation in the Denver area. The inventory will boast a high-end lineup including Maytag appliances and Thomasville cabinetry.