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CHICAGO-High-powered real estate partnership that includes Lakeside East backers Magellan and Near North gets big construction loan from a group of banks led by Bank of America. The Grand Plaza will be built on the last remaining parcel of the AMA's formerly huge near-north land holdings.
AUSTIN-JPI, a luxury apartment developer based in Irving, TX, likes what it sees in Austin's future--more residents. The side-by-side communities will deliver 551 units, totaling 520,828 sf, to the state capital's housing market.
HOUSTON-Administaff Inc. is looking ahead to first quarter 2001 when it plans to start construction on a $20-million headquarters expansion. The project will add at least 324,000 sf to the campus.
WESTMINSTER, CO-Financial giant American Skandia is ticketing this Denver suburb for its first move outside its Shelton, CT headquarters. The move seals a 120,000-sf lease for Catellus Commercial and promises to deliver up to 500 high-paying jobs to the region.
AUSTIN-Another city-based IT company gets more venture capital to expand operations. Such transactions are everyday occurrences in the state capital, where high-tech firms are collectively challenging Silicon Valley's standing as the premier IT location.
KIAMESHA LAKE, NY-On his 49th birthday, Westchester County developer Louis Cappelli and his partners pressed a ceremonial demolition plunger that signaled the start of what will be the $500 million redevelopment of the Concord Hotel in the Catskills.
PHOENIX--Fender Guitar plans to lease space in a $6-million, 70,000-sf office building that is under development on the Salt River Pima Maricopa Indian Community, a developing business park funded with proceeds from its gaming operations.