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BOSTON-Torto Wheaton Research reports that it sees very little risk in commercial real estate markets. This is in contrast to the FDICs 'reports that listed 13 cities as at risk markets.
NORWALK, CT-The owner of the Shore Pointe office building and adjoining marina reports that it has sold the Norwalk-based waterfront property to Butera Properties of Frederick, MD for $9 million.
BOSTON-Crosstown Associates will remain the majority partner in the Crosstown Center Project, but Corcoran-Jennison Construction now joins it as its new partner. The partners plan to develop a giant mixed-use complex.
NEW CASTLE, NY-Construction has commenced on a $7-million project to transform a 150-acre tract of land formerly owned by IBM into Westchester County's sixth public golf course--Hudson Hills.
SPOKANE, WA-The commercial lender also is reporting that its fourth quarter could be down from a year ago, due to a problematic $135,000 lease that may have to be written off in the final three months of the year.
CUPERTINO, CA-After posting a 28% gain in its third quarter earnings Tuesday, Legg Mason upgrades its recommendation on the company's stock yesterday from "buy" to "strong buy," helping sending shares in the company to a new high of $14.53.
NEW YORK CITY-Scott Rechler and Michael Maturo of Reckson Associates Realty Corp. fielded questions yesterday on a live conference call and made several announcements late yesterday afternoon.
ORLANDO-The Orange County Housing Finance Authority is giving Bank of America and a local development team a $12-million, tax-free loan to kick off a $53-million mixed-use venture in the city's most economically-depressed neighborhood.