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H. Lee Murphy

H. Lee’s Recent activity

Enticing Returns
Apr 01, 2003
Michael Brennan, president and CEO of First Industrial Realty Trust Inc., knows a sell signal when he sees it. When he saw prices for industrial properties jump an average of 8% last year, he quickly sold $360 million...
A NEW ERA FOR Affordable Housing
Mar 01, 2003
The competition for affordable housing tax credits and related incentives is as intense as ever among developers, even as federal and state budgets tighten. To gain an advantage, project sponsors are searching for...
Lenders on alert
Jan 01, 2003
Despite the weakening economy and soaring vacancy rates in many property types, loan delinquencies and foreclosures have not risen to the point where lender portfolios are endangered. And lenders hope to keep it that...
Roadside Respite
May 01, 2002
THE PAST YEAR HAS BEEN a troubled time for the nation's hotels. The economic slowdown put a crimp in business travel, and the threat of terrorism following Sept. 11 convinced vacationers to stay close to home...
PAVING THE WAY TO A REAL ESTATE BOOM
Apr 01, 2002
THE NATION'S THIRD-LARGEST CITY, WITH A metro population exceeding 8 million spilling far afield into what was once farmland, is poised to embark on the largest expansion of its local transportation infrastructure...
Name your price
Mar 01, 2002
In these tough economic times, even the most high-toned hotels aren't above a little begging in order to lure visitors. For example, the Ritz in Paris is offering rooms at a reduced rate as part of an elaborate...
The big get bigger
Feb 01, 2002
A year ago, Dennis J. Hiffman, chairman and CEO of Oak-brook Terrace, Ill.-based NAI Hiffman, had the clear sense that something was missing. He was in the process of building his brokerage firm, but with the economy...
Tenants grab balance of power
Jan 01, 2002
It's a great time to be renting apartments from Summit Properties Inc. in Austin, Texas. With the city's technology bubble suddenly burst, occupancy rates at the company's two apartment complexes in Austin plummeted...
Weathering troubled times
Dec 01, 2001
In San Francisco, Kimpton Hotel and Restaurant Group has felt the nasty sting of the economic downturn. As of October, occupancies were off 30% and higher since Sept. 11 at some of the company's 16 hotels in the city...
A nose for unique properties
Dec 01, 2001
For most of the last half of the 20th century, a sprawling 13-acre tract of land on Chicago's Gold Coast was the city's enduring embarrassment. Strategically situated between the tony Michigan Avenue shopping corridor...
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