Capital Markets

CHICAGO-One fallacy of dotcom implosion is "some people wonder if the Internet matters anymore" but computers are likely to continue to grow in practical usage for brokers, leasing agents, property managers and financiers.

SCOTTSDALE, AZ-GE Capital and Goldman Sachs have agreed to provide about $7 billion of liquidity for the Scottsdale-based Finova Group, pending the outcome of due diligence. The construction lender has been in Chapter 11 bankruptcy since March.

DULLES, VA-The Internet provider that sparked a technology tenant revolution in the Northern Virginia market, making it a destination location, is suffering from the same technology crash. It's impact on the climate here could be huge.

DALLAS-The infrastructure is in place and the development door is wide open for a 110-acre tract in Las Colinas. Property owner Olympus Real Estate has hired CB Richard Ellis to market the land. The first deals should close by year-end.

DENVER-Two apartment complexes in northern Colorado get non-recourse, high-leverage loans with a 7.25% fixed rate, a combination construction and permanent financing carrying a 40-year term with a 40-year amortization.

CHICAGO-Mayor Richard M. Daley wants the Millennial Housing Commission, appointed by Congress, to push for a 40% jump in the federal Home Investment Partnerships Program so city's such as his can build new rental housing.

ST. PAUL, MN-A proposed property tax overhaul also would simplify and reduce the state's complex commercial-industrial property tax system. The plan also would restructure the corporate income tax.

ARLINGTON, TX-The Southwest BOMA Region has its TOBY picks ready to head to the national competitions in Baltimore. The 15-year-old Brookhollow II's property manager is optimistic it will win its category.