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HOUSTON-The Morgan Group is poised to begin work on the 432-unit, the Estates at Memorial Heights, an in-fill project near Downtown. L.J. Melody has arranged a $40-million capitalization through Denver-based Amstar.
HOUSTON-Camden Property Trust expects to end the year on a high note, based on results from the third quarter. The FFO's up; revenues are too and so are occupancies--all positive signs that the tide is turning.
WALTHAM, MA-UMC chooses to open its first office on the East Coast here. The semiconductor foundry likes the area's central location as well as its booming high-tech industry.
ATLANTA-Hospitality veteran Eddie Webster will direct one of the largest groups of hotel franchisee owners in the industry. He has headed convention and visitors bureaus in Palm Springs, CA, Louisville, KY and Houston.
NEW YORK CITY-DaimlerChrysler has loaned money to 39 Broadway in Manhattan to help refinance current debt and reimburse certain capital costs. The building is a Class B+ high-rise.
HOUSTON-Camden Property Trust expects to end the year on a high note, based on results from the third quarter. The FFO's up; revenues are too and so are occupancies--all positive signs that the tide is turning.
STAMFORD, CT-Walker Digital Corp., a firm that has helped launch such dotcom operations as Priceline.com has initiated a restructuring program that involved the layoff of 100 of its 135 corporate headquarters employees.
NEW YORK CITY-For those who still say diamonds are their best friends, they'll have more space in which to shop for them in the store Audrey Hepburn's Holly Golightly solidified as the jewelry destination.
KANSAS CITY, MO-Estimates are that it would take $20 million to convert the 32-story structure into a 220-unit apartment building. It may be marketed as an office or telecom building if enough parking space can't be found.