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GLENDALE HEIGHTS, IL-The diversified national REIT adds to its DuPage County portfolio by paying $56 per sf for a 100% leased facility at 175 Wall Dr. Vacancy in the submarket is around 14%.
LOS ANGELES-The law firm of Murchison & Cumming will remain at 801 S. Grand Ave. in downtown Los Angeles for the next 10 years after it renegotiated its existing lease with Shuwa Investments Corp.
AUSTIN-Col. Bill Welch trades in his desk at Colliers Oxford Commercial to concentrate on his role with the US Air Force and other business interests. Welch has been juggling multiple roles since his call up shortly after Sept. 11.
HENDERSON, NV-Interstate Bakeries acquires a 20-year-old warehouse/distribution facility that's been empty for more than a year. Renovation and site consolidation follow the action at the closing table.
NEW YORK CITY-China's entry into the WTO promises major changes in corporate activity in Asia, say Cushman & Wakefield executives. The firm's joint venture with Premas International is geared to take advantage of those changes.
PHOENIX-NDC Health weighs relocation and then decides to stay put at the Biltmore Financial Center. The 128,000-sf, 10-year pact has property owners in the Camelback Corridor breathing easier, says one of the dealmakers.
NEW YORK CITY-It's not enough to rebuild Downtown, Deputy Mayor Daniel Doctoroff said yesterday as Cushman & Wakefield made its 2002 economic forecast. It's an opportunity to build a true 24/7 environment. But market equilibrium is at least three years away.
CRANBURY, NJ-The 115-acre campus, which offers mixed uses, became surplus property after Church & Dwight (of Arm & Hammer and Brillo fame) bought the Carter-Wallace consumer-products division last fall.