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SAN DIEGO--Indian casinos and resorts would boost the economy, but a new report details the heavy price taxpayers will pay for the dozen or so proposed projects.
BOSTON-The real estate investment trust has sold 15 million shares of common stock at $39.0625 per share, resulting in net proceeds of approximately $556 million after commissions and expenses.
NEW YORK CITY-Insiders close to the deal report that the Arthur Andersen lease of Boston Properties' expected fourth tower in Times Square will be official next month. It is the latest in a total overhaul of the area, promoted by flags as the "New Times Square.
NEW YORK CITY-The first steel beams were erected less than a year ago and now the last beam of a total of 12,000 tons of structural steel has been signed and raised to the top floor of 745 Seventh Ave.
DUBLIN, CA-Oracle Corp. is beginning negotiations on a 12.1-acre parcel on the eastern edge of town. The Redwood Shores-based company has offered the Alameda County Surplus Authority $45.6 for the site, which once housed a county jail but is now being made into a business park.
NEW YORK CITY-The first issue covers a servicer/investor roundtable discussion, provides an overview of the REIT market and compares CMBS servicing with the servicing of other structured-finance transactions.
RALEIGH, NC-A two million-sf office park and an 800,000-sf retail hub are envisioned at this estimated $1 billion venture, about 150 miles northeast of Downtown Charlotte.
ATLANTA-The provider of a B2B electronic marketplace for commercial property owners picked up $25 million in its September first-round financing effort.