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ROCK HILL, SC-The money will finance 30 apartments, 65 single-family houses and 25 smaller units on the Catawba Indian Reservation here, 10 miles south of Downtown Charlotte.
OAKLAND, CA-An $11 million investment in the Wells Fargo Bank building at 20th and Franklin, vacant since it was damaged in the 1989 Loma Prieta earthquake, has the 75,000-sf structure ready to take on its new tenants.
ORLANDO-At issue is a $5-million delinquent property tax bill that two courts say the Greater Orlando Aviation Authority must pay for its 446-room Hyatt Regency Hotel at Orlando International Airport. The agency argues the hotel serves a public purpose and is tax exempt.
DALLAS-Macfarlan Real Estate has hired a new senior vice president of development with high-tech expertise. He promises a first quarter 2001 project announcement for one of three Macfarlan land holdings or a new telecom hotel. Meanwhile, work begins today on a 200,000-sf project in Las Colinas.
DETROIT - Merger between Standard Federal Bank and Michigan National Bank will load the market with available facilities, says local bank owner, who isn't detered from opening more of his banks.
SAN FRANCISCO-For the fifth straight year, "Emerging Trends in Real Estate 2001" names this city the top major U.S. market for commercial real estate investment and development. Nearby Walnut Creek also made the annual ranking this year as a leading "subcity.
NEW YORK CITY-Senior/subordinated pass-through certificate series 1998-C and 1999-A were placed on CreditWatch, in part, because of high projected cumulative net losses. Letters of credit issued by Societe Generale SA should allow them to pay both principal and interest.
AUSTIN-AgentGO has raided the city's high-tech ranks for its new technology officer. The new hire is a co-founder and chief technology officer for BTExchange and onebox.com.
LOS ANGELES-Brokerage powerhouse adds small but highly successful Matlow-Kennedy Commercial Real Estate Services to its 10,000-person worldwide network. Move strengthens Cushman & Wakefield's position in hot South Bay market.
ATLANTA-ChemRex Inc. of Shakopee, MN has signed a five-year, 56,600-sf lease with an estimated value of $1.7 million at the 137,000-sf warehouse, 22 miles west of Downtown. The national construction products company is the first tenant in the three month-old building.