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NEW YORK CITY-The loan on Americas Tower, a class A office tower on 6th Avenue, has been sold through Sonnenblick-Goldman Co. on behalf of CDC Mortgage Capital to a team of loan-holding giants.
INDEPENDENCE, MO-$250,000 secured by US Rep. Karen McCarthy will go to rehabilitate the 75-year old building. A contract for the $4-million restoration will be awarded next Monday.
ORLANDO-The nation's sixth largest supermarket chain is confident the red ink has been stanched on its balance sheet and feels its current management and store restructuring will prevent a repeat of the unprecedented first quarter's 57% profit drop.
CHARLOTTE-The Texas-based developer, currently working on Carnegie Town Center in the SouthPark area, has agreed to reduce the amount of office space in hopes of winning city council approval.
FT. WORTH-PharmasMarket.com is up and running with 70,500 sf of distribution space in the 330,000-sf structure owned by UPS Logistics Group at Ft. Worth's Alliance industrial development. The deal marks the dot-com's inroad into Texas.
CHICAGO- Details of the city's $3 billion O'Hare Airport expansion project will be unveiled tonight. The city said it is raising its air ticket travel tax by $1.50 to $4.50 per ticket in order to help fund the massive development.