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LONDON-One of the city's most exclusive hotels, Claridges, has been put up for sale with an estimated price tag of $507 million. The move is being seen by analysts as a taster, ahead of a possible sale of the whole company, the Savoy Group.
ATLANTA-The five-year, $1 million deal brings the occupancy in Phase I at the 336,000-sf Airlogistics Center at Hartsfield to 85%. Delta Technologies, the airline's in-house tech group, will operate the facility with about 40 employees.
REDMOND, WA-Universal Avionics sells its two-story office-flex building in Quadrant's Willows Corporate Park to Mastro Properties for $6.1 million and leases it back on a short-term basis.
ST. PAUL-The residents of the city's Highwood area need to come up with $1.8 million to buy the site from the developer, who wants to build 16 luxury homes on it.
LONDON-Even though occupier demand has fallen Birmingham office rents have remained stable, according to the latest survey from Atis Real Weatheralls. And the possibility of government departments relocating from London could give the market a boost next year.
WOODLAND HILLS, CA-Michael Pourmirza steps into his new role in a move from his former position as a retail investment broker with Coldwell Banker Commercial.
WATERTOWN, MA-Harvard bought the 770,000-sf complex 2.5 years ago, but has been struggling to find tenants to fill its space. The five-year deal represents an expansion and relocation for PharMetrics.
ATLANTA-In December, the city's zoning review board will consider the White Plains, NY-based developer's request to change the Buckhead site's 1985 zoning plan which calls for a hotel and offices totaling one million sf. The 176-room Lenox Inn is being demolished to make room for the new venture.
CHICAGO-After becoming the anchor tenant at 131 S. Dearborn St., Bank One Corp. is trying to reposition its 60-story, 2.4-million-sf tower at 21 S. Clark St. as a class A office building.