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NEW YORK CITY-Occupancy of the 73-year-old building, now undergoing renovation, is slated for next February. More than a third of the property is now leased. Renovations underway include installation of a fiber-optic backbone, a tenant-controlled HVAC system, ADA-compliant bathrooms and thermopane windows.
PORTLAND-Terry Shanley is currently a senior management team member in the 75-person Portland office, and has been manager of its Asset Services Group since 1998. Thomas Usher, who has run the local office for 20 years, is transitioning back into brokerage.
PORTLAND-Williams Communications, a major fiber-optic player based in Tulsa, OK and Centennial Real Estate Corp., a Dallas-based real estate investment company, are each planning to develop a telecom facility in Northwest Portland.
WHITE PLAINS-GHP Office Realty, the new owner of One and Four West Red Oak Lane in White Plains, announces two major lease signings totaling more than 50,000 sf of space that brings the office complex to 95% occupancy.
SAN FRANCISCO-According to published reports, the recently merged companies have signed a lease for more than 230,000 sf in SOMA. Move-in is expected in the spring of 2001. Recent reports by Cushman & Wakefield put rents in the neighborhood at about $77 per sf.
DALLAS-Atkins Property Co. is joining the rush to meet space demands for users needing from 10,000 sf to 60,000 sf. The development company has secured 4.5 acres for a 60,000-sf spec project.
MACON, GA-After increasing occupancy by nearly 30%, Ocwen Federal Bank is unloading Highridge Centre, a four-story, 195,252-sf asset just off Interstate 75.
PORTLAND-Sellers Bill and Carol Atherton purchased the building in 1990 for $500,000 after a bank had repossessed it. The four-story strucutre was constructed in 1872 as a warehouse and later converted to office space. It underwent a restoration and seismic upgrade in 1986.
MACON, GA-After increasing occupancy by nearly 30%, Ocwen Federal Bank is unloading Highridge Centre, a four-story, 195,252-sf asset just off Interstate 75.