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DALLAS-Prism Financial Corp., headquartered in Chicago, has closed on the purchase of the homebuilder lending and servicing division of Dallas-based Amresco Inc.
KANSAS CITY, MO-Federal government considering $3 million for infrastructure upgrades. Butler Manufacturing still considering relocating to once moribund area.
DENVER-Aimco has secured the balance of Oxford Realty Financial Group, another apartment REIT, in a $314-million deal using cash and securities. Aimco already manages 165 of Oxford's 166 apartment complexes.
OAKLAND, CA-The nonprofit group Citizens Housing and private developer A.F. Evans are spending $15 million to renovate and remodel the 126-unit MORH Apartments.
ATLANTA-The company plans to analyze genetic information. Georgia companies Encina Technology Ventures, Imlay Investments Inc. and Intelligent Systems jointly provided first-round funding of $1.5 million for the biotech effort. NuTec signed a deal with Emory Healthcare to use some of its genetic technology in standard medical practice.
AUSTIN-The city's leasing agents manage to find 50,304 sf of office space for three companies despite the vacancy crunch while another has sealed a deal to sell slightly more than 56 acres.
WESTLAKE, TX-DaimlerChrysler Financial Services and Hillwood Development Corp. will seal a deal in November for a 130,000-sf, build-to-suit office project in a pact that lands the second corporate entity for the 2,500-acre Circle T Ranch office campus development.