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DENVER-A $16.8-million, short-term loan for the Amstar Group weds the Denver-based investor and developer to KeyBank, one of the nation's largest banks. The pact, says Amstar's finance director, opens doors to financial options for growth.
DALLAS-WorkPlace USA has launched an aviation brokerage and sales division, naming the founder and president of Dickerson Aero Inc. as the team's vice president. The division targets sales, purchases and advice on corporate aircraft and equipment.
MINNETONKA, MN-The 401 building follows on the quick leasing of the neighboring 301 building at the developer's campus here. The new building will have 213,000-sf of leaseable space.
MIAMI-Locally headquartered Benihana Inc., operator of the country's largest chain of Japanese restaurants, reports strong first-half financial results. The gains came in the midst of the largest expansion in the company's 36-year history.
MENLO PARK, CA-"The ... results reflect the continued strong real estate markets on the West Coast, the roll-up of rents to market, and modestly higher occupancy rates," explains CEO Craig Vought.
CHICAGO-In a resolution to a dispute over a mortgage prepayment following the sale of the Merchandise Mart to Vornado REIT, a judge has awarded a $47.5 million judgement in favor of the Kennedy family. Metropolitan Life acted in bad faith, judge says.
HOUSTON-Camden Property Trust had a strong third quarter and the fourth quarter will be better yet, says the COO and president. FFO is up seven cents per diluted share while revenues are more than $8 million more than 1999's third quarter.