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DENVER-AMLI Residential has entered the Denver market in a big way, paying $51.2 million for a 414-unit luxury apartment complex. More deals are sure to follow, vows AMLI Residential's president. The sale sets a new record in the region.
IRVING, TX-The good news is AIP's shareholders will be getting a Christmas bonus of $1.27 per share. The downside is it's being deducted from per share takes of a pending merger with Ohio-based Developers Diversified Realty Corp.
ORANGE COUNTY, CA-Venus Textiles has leased a build-to-suit building, while Freight Management will occupy the larger of two suites in the new building it has just purchased.
DALLAS-Turner Corp.'s quarterly forecast shows a 1% jump in fourth-quarter building costs from the last reporting period and a 4.54% jump from the 1999's final quarter. Market activity and manpower demands continue to drive the costs, says the construction industry's barometer
STAMFORD, CT-ICON International, a corporate finance barter company, has launched a program that it says allows corporations to give their excess corporate real estate to charity without harming their bottom lines.
ATLANTA-A major Hines Interests Inc. development is replacing a planned office building with an 18-story, 200-unit apartment complex. Locally-based Harbor Cos. is breaking ground in the second quarter on the first of two planned high-rises.
WOODBRIDGE, NJ-A Wick Cos. project totaling 167,500 sf of high-tech office space will also feature a 128-key all-suite hotel when it opens next year. Wick will spend $1 million for road improvements.
PHOENIX-High-tech continues to foster more and more development in the Arizona State University Research Park in Tempe, with the latest addition coming from a manufacturer of high-tech equipment for semiconductor makers.
ASTORIA, OR-College board members have made downtown Astoria their first pick in part because it affords the college its best chance at receiving state funding. Two other locations are named as viable secondary options, however.