NEW YORK CITY-Good Jobs New York lambastes city and state mechanisms for meting out Downtown redevelopment funds. Lack of accountability, the absence of an affordable-housing requirement and a big-business cash grab are the group's major concerns.
WASHINGTON, DC-Members of the multifamily housing industry petition Congress for what they say are much-needed changes to the Section 8 Housing Choice Voucher Program.
DENVER-NorthMarq Capital originates loans for a 150,873-sf office building is at 11080 Circle Point Road in Westminster and 89,739-sf warehouse at 4520 Florence St. in the Stapleton Business Park.
ORLANDO-The 400 members of Teamsters Local 385 are pinning their hopes on a federal mediator to determine if a new three-year contract that doesn't guarantee a 40-hour work week is legal. The workers say they will strike without a contract.
PORTLAND, OR-The Portland outpost of Zions Small Business Finance, a Division of California Bank & Trust, has gained the Small Business Administration's "Preferred Lender" status, which means faster loan approvals on real estate purchases, among other things.
RICHMOND, VA-Multifamily REIT United Dominion Realty Trust, Inc. closes on a $72 million Freddie Mac revolving credit facility, and then sells 3 million shares for a $42.3 million profit.
HOUSTON-Trimark Realty Investments' $48.2-million refinancing is driving a buying spree that has 1,400 units in Dallas-Fort Worth under contract and offers out on seven more Houston properties. Trimark says there's enough liquidity for 2,000 to 3,000 units.
OAKLAND, CA-The revitalization efforts, which began in mid-2000 between the city of Oakland and Fannie Mae, is designed to help the city, local developers, banks and nonprofits finance the creation or renovation of nearly 450 units of affordable housing in West Oakland.
DALLAS-The Morse Co. is accorded the William C. Jennings Award from the Texas Association of Realtors for a lease enabling Flextronics International to expand and consolidate in North Texas. WorkPlaceUSA wins again for its Mount Vernon project.