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DENVER-The real estate community puts up a record $5.1 million to support efforts to defeat Amendment 24, an anti-sprawl constitutional measure that opponents say will erode the state's economy. Voters decide on the issue in the Nov. 7 balloting.
FRANKLIN TWP, NJ-A fast-growing high-tech materials science company, recently named one of the state's fastest growing companies, has committed to lab/flex building for an additional five years.
TROY, MI-The Hayman Co. will oversee property management after the $100-million project is complete. The project, about one-third completed, will create more than 700,000 leasable sf on 60 acres.
KANSAS CITY, MO-Midland Loan Services merges with Univest Financial Group. Midland has a loan servicing portfolio of about $50 billion; Univest is the first company to offer a Web-enabled solution for commercial loan servicing.
REDWOOD CITY, CA-The alliance, which will allow potential tenants to see 360-degree virtual tours of properties listed on the site, comes on the heels of iPIX announcing a third quarter loss of 62 cents a share.
GAINESVILLE, VA-America Online Inc. will build a $555-million, 240,000-sf data center in Gainesville, VA, its second in Prince William County. Completion is expected in about a year.
ST. CHARLES, IL-The Iowa retailer will open a 132,000-sf department store at the Charlestowne Mall. Mall owner Wilmorite Property Management and Van Maur will invest a total of $10 million in the new outlet.
SPOKANE, WA-Local developers Wells & Co. and Avista Development Inc. are teaming up to transform a former Rodeway Inn into office space. The Courtyard Office Suites, slated for completion next fall, will be targeted to Internet companies and other small start-ups.
JACKSON, MS-The REIT came in on target with FFO at $9.96 million or $1 per diluted share, a 12% increase in FFO per share over the comparable period last year.