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HOUSTON-The L.J. Melody real estate investment banking firm has arranged $44.8 million in financing for two apartment projects owned by CWS Apartment Homes. The loans have been sold to Freddie Mac.
PORTLAND-The 36-year-old, seven-story structure at Southwest Second Avenue and Morrison Street is undergoing a renovation this fall for re-occupancy in the first quarter of 2001.
ORLANDO-A Minneapolis-based real estate firm and the National Basketball Association jointly plan to use the 350-seat, 17,000-sf asset as a prototype for a worldwide chain. The acquisition price was not disclosed. Hard Rock Cafe International of Orlando launched NBA City last September but later sold or transferred its interest to the NBA to shore up company finances.
REDWOOD CITY, CA- The $300 million project has been a home run for Jay Paul Co., which purchased the land from the Port in December for about $90 million.
AUSTIN-A growing roster of high-tech clients has an out-of-state firm opening an Austin office. The PNC Convergence Group holds the contract for the National PriceWaterhouse Coopers MoneyTree Survey.