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PHOENIX-An apartment complex in east Phoenix has been purchased by out-of-state investors for a sale price that equates to approximately $28,000 per unit.
MOORESVILLE, NC-Locally-based Streeter & Associates plans to open the first $500,000 conversion phase in the first quarter with six tenants. The renovations in the 84,000-sf structure will take three years to complete as a home-building supply store 30 miles north of Downtown Charlotte.
CLERMONT, FL-The vociferous, 700-home Kings Ridge community, 25 miles west of Downtown Orlando, is fighting Boyd Development's plans to erect a 24-hour convenience store near the gated subdivision.
DETROIT - Detroit bank pledges loans, other commitments in Detroit totaling $212 million. Under the plan, the company will commit to $105 million in home mortgage loans, plus millions more in commercial real estate lending.
CHICAGO-One of the world's largest youth hostels has opened in the South Loop of Chicago, providing international travelers with inexpensive digs. Both public and private funding contributed to its construction.
DALLAS-Execs on the fly, at least those at London Gatwick Airport, will be making the most of down time come January 2001. Dallas' HQ Global Workplaces and an international airport operator launches a state-of-the-art business center, with more planned elsewhere.
SAN FRANCISCO-The bank holding company's share price was up $1 in afternoon trading Friday to $38.50, just two dollars below its 52-week high of $40.50 a share achieved on Nov. 17.
CHARLOTTE-After a five-year search, Realtors Bill Rankin and Harry Porter found a one-acre parcel housing the 14,000-sf Korean Presbyterian Church building in the East Morehead district. They paid a total $975,000 which equates to $22.38 per sf for the land and $69.64 per sf for the structure.