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AUSTIN-An employee of Chase Manhattan Bank in Austin shifts affiliation, heading to Trammell Crow Co. to manage its Austin industrial portfolio. The new hire had been overseeing a 100-property portfolio for Chase Manhattan.
PALO ALTO-A religious organization has received a $4 million pledge toward the purchase of the complex, but needs close to $7 million in order to outbid an investment partnership that wants to raze the structure and build condominiums.
NEW YORK CITY-Information on more than 1,000 apartment buildings and 200,000+ apartments is available here. The site allows brokers to find prequalified and active buyers, and enables buyers to learn when openings occur in buildings they are interested in.
ORLANDO-Locally-based Upsala Florida Corp. is asking $23.2 million for the combined 53.4 acres but the dirt may be bought separately. The commercially-zoned locations could house the area's next new tourist hotel or timeshare property.
KANNAPOLIS, NC-Shoe Show Inc. will be breaking ground shortly on a 265,000-sf addition to its warehouse in Cabarrus County's Dogwood Industrial park, 30 miles northeast of Charlotte.
CHICAGO-Commonwealth Edison is donating the $4.5-million building to the $24-million project, the city will pitch in another $4 million, with the rest to be raised in a fund-raising drive.
NEW YORK CITY-Radiant has confirmed that it can pay for its planned acquisition of First Union properties and will be credited with the proceeds from the sale of the Huntington Garage.
ORANGE COUNTY, CA-Homewood Suites by Hilton opens in Garden Groves is providing another 165 rooms for business travelers and tourists. The city has given incentives to developers, resulting in 1,900 new rooms since 1998.