Multifamily

SAN DIEGO-The inancially ailing REIT took both legal and financial hits during a disastrous third quarter. After a running battle with dissident investors over the value of the firm, the board decided to liquidate the company.

SAN ANTONIO-A 125-acre, 600-home mid-range housing project in San Antonio is

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.

ASHEVILLE, NC-The state government voted unanimously to take the land in DuPont State Forest from the developer and pay $12 million. The case could go to court.

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.

DENVER-More than $150 million is being spent to develop two multifamily complexes with a combined total of over 1,000 units. Jumping on Central Platte Valley's development bandwagon are Denver-based Archstone Communities and Houston-based Greystar Capital.