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CHICAGO-Insurance giant plans to securitize $235-million merger-related mortgage next month. $100 million equity participation will leave Prudential with an 8% stake in the merged shopping center REIT.
NEW YORK CITY-Renovation of the building, which includes new windows and elevator cabs and a new conference center, was one reason the bank decided to expand at its current location.
SALEM, OR- With financing and a building permit still in the works, the architect for the project has said construction will start at the beginning of 2001, and a 6,000-square-foot restaurant will open that summer.
DENVER-Denver Academy is paying slightly more than $6 million for the 21-acre campus of the former Bethesda Hospital at 4400 E. Iliff Ave. in southeast Denver. The property has been vacant for two years.
DALLAS-The financially troubled FirstPlus Financial Group Inc. may be forced to liquidate if a bailout acquisition bid with Nineteenth Investment Corp. fails.