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DENVER-Warren Buffett may be the White Knight that Johns Manville's been looking for to rescue it from $300 million in debt. The legendary investor's Berkshire Hathaway is offering $2.2 billion plus a debt assumption for the Denver company.
HOUSTON-The Houston Hispanic Forum has plans for a 1925 historic structure that once housed the Houston Light Guard. City council is considering a 30-year, $1 lease so the building can be put to good use.
REVERE, MA-Prospect House, a 110-unit assisted living center, will open its doors within three months. As the number of elderly people in the state continue to rise, it is expected that more of these centers will be built.
SANTA CLARA, CA-Across from the Santa Clara Convention Center and adjacent to Paramount's Great America Theme Park, the newly-constructed 280-room Hilton Santa Clara is now open for business.
BEND, OR-The improvements to the existing mall will begin early next year along with the parking, landscaping and utility work for the eight-acre expansion. After that, work on three new retail pads will begin.
SPOKANE, WA-The EDC hopes to received the funding to add four new members to its current eight-member staff, including two new business-development positions in the first quarter of 2001.
STAMFORD, CT-GE Capital Real Estate and US Realty Advisors, LLC report that they have formed an alliance to acquire up to $500 million of net leased real estate assets in the US.
LOS ANGELES-The Long Beach City Council has issued a notice to Ohio-based Developers Diversified, saying approval for massive Queensway Bay mixed-use development may be yanked if financing can't be found soon. The builder blames problems on theater bankruptcies.
NEW YORK CITY-The deal closes months-long debate, conjecture and competition among some of the industry's heaviest hitters. The final price falls short of Goldman Sachs' asking price of $2.5 billion.