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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.
DUBLIN, CA-Sun wants to purchase 11.8 acres of county-owned land, which would be used for the construction of a new 750,000-sf facility. Sun officials are keeping mum about the project.
VANCOUVER, WA-Martin Hash, owner of Hash Inc., a 13-year-old maker of 3-D character animation software, is buying an early 20th-century church that the city converted into an arts center and then gave up on after two theater companies folded.
MIAMI-Locally-based Swire Properties and Mandarin Oriental International Ltd. built the 329-room, 20-story, $100 million Mandarin Oriental, Miami at a development cost of $303,951 per room. The grand opening is March 31.