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WASHINGTON, DC-A March 2 deadline for public comments has been imposed by the Federal Reserve Board for its proposal that, if adopted, would allow national bank subsidiaries to broker real estate transactions.
AUBURN, WA-Just west of the Transit Center, the Armory Building is being renovated and expanded, and local resident David Allen is planning a multi-story building on the former site of the Truitt Building.
NEW YORK CITY-TIAA-CREF paid about $70 million for the property more 20 years ago and sold it for $375 million. Leases for three-quarters of the tenants will expire within five years.
GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.
IRVINE, CA-Concord Disc Manufacturing plans to be fully operational in the industrial building it just subleased from Seagate Technology by February 2001.
NEW YORK CITY-Investors have different approaches on how to prosper. Some will stick with class A properties; others will shift their focus from suburban office space to apartment buildings.
GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.
CLERMONT, FL-The old 45-foot high limit is still in the code books but this Orlando bedroom community may find a technical exception now that the fire department's new ladders can reach 60-foot high structures.
ATLANTA-The university envisions the near-future construction of another 2,000 beds within a mile radius of the campus. A construction start on the 370 beds hinges on the completion of a bond issue by the University Financing Foundation, the project's owner.
DENVER-Developers already are expressing keen interest in a 50-acre industrial site owned by Gates Rubber Co. Gates hopes to find a buyer willing to do a leaseback of up to 400,000 sf of the 2.3 million sf of industrial buildings.