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MENLO PARK, CA-Wells Fargo Bank, as sole lead agent, arranged the syndicate of 11 banks, which included Bank of America as syndication agent and Commerzbank AG as documentation agent. The rate is LIBOR +70 basis points.
DENVER-No joke, no rumor. The Improv Comedy Club is prepping to break ground on a 350-seat club at the Pavilions. The staff will be a medley of aspiring comedians, looking for their big chance.
ARLINGTON, TX-MacSteel Centers USA, headquartered in Bensalem, PA, heads south, signing for 68,912 sf of office-warehouse space. The structure is positioned on 4.6 acres along Randol Mill Road.
LAUDERDALE LAKES, FL-The 10-year-old sports and fitness store operator is checking out expansion sites in Broward and Palm Beach counties where full-service rents are $17 per sf to $22 per sf, almost double what the company is currently paying at its 100,000-sf headquarters site here. Lauderdale Lakes is 35 miles north of Downtown Miami.
RALEIGH, NC-After two years of indecision, council members are expected to bring in a verdict by year end on the fate of the vacant, 60-year-old eyesore. Raleigh is 125 miles northeast of Downtown Charlotte.
PHOENIX-Tempe has offered up a site for a $331-million domed football stadium within its city limits that will compete with another site in the city offered in a joint venture with the neighboring city of Mesa.
AUSTIN-Close two, buy one is the strategy being advanced in South Carolina, former home to the now Austin-based Littlefield Corp. The gaming operator has 19 bingo parlors in Texas, Alabama and South Carolina.
VANCOUVER, WA-The tax break, approved Monday, will allow the Vancouver Housing Authority and its for-profit partner to continue planning a $10 million project for 5.2 acres north of 24th Street and west west of Main Street.