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BOSTON- Starwood Hotels and Carpenter & Co. are having difficulty securing financing for the proposed anchor hotel in South Boston's convention center. The developers insist they need financial concessions.
WASHINGTON, DC-A good economy didn't buoy MeriStar Hospitality Corp. very much, as it posted funds from operations of about $57.1 million for the third quarter, which remained flat compared to the same period a year ago.
CHICAGO-CenterPoint and CALSTERS have bought three of the troubled REIT's industrial properties for $36.8 million. The trust, which engaged Prudential and Lehman this summer to advise on a sale, has large amounts of debt coming due in the next two years.
WESTMINSTER, CO-Sun Microsystems is staying ahead of the curve ball, leasing another 63,057 sf in this Denver suburb. The company already has offices in 266,000 sf in the town, situated close to its one million-sf Broomfield campus.
HOUSTON-Add the flavor of Chicago to a plate of New American cuisine and you've stumbled onto St. Pete's Dancing Marlin, downtown Houston's latest eatery. Dallas' Deep Elum culinary hit is prepping for a Nov. 14 opening at 300 Main St.
CHICAGO- The cellular service provider has signed a long-term lease renewal for over 94,000-sf at Citicorp Plaza in the O'Hare submarket. Romanek Properties says it's one of the largest leases signed in the submarket this year.
ORLANDO-The 10-employee Computer Management USA firm is receiving a $200,000 infusion from a South African venture capitalist and will need more space shortly in the 1,000-sf offices at Genesis Technology Resources within Central Florida Research Park in east Orlando.
BOSTON-The state's environmental secretary Robert Durand rejected City Hall's compromise plan for the Fan Pier project. Chicago developer Nicholas Pritzker had threatened to pull out of the project if there were any more delays.
EMERYVILLE, CA-Earlier this week, in its final earnings announcement, the company is reporting a 4 cents a share gain in third quarter funds from operations, and a 5 cent a share gain for the first nine months.