Multifamily

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.

PHOENIX-A California partnership acquires 212-lot facility in neighboring Tucson.

ATLANTA-The selling prices are between $44.50 and $46 per share. The stock was acquired between $28.05 and $38.94 per share. The stock is currently trading at about $44 per share.

SUNNY ISLES BEACH, FL-The development firm that struck gold years ago when it turned several hundred acres of northeast Miami-Dade swampland into the affluent Aventura community is bringing its act to this up-and-coming town between Miami and Fort Lauderdale.