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TILLAMOOK, OR-Forum National Investments Ltd. of Vancouver, B.C., formerly known as inTRAVELnet.com Inc., signs a letter of intent to acquire the property for use as an eco-tourist destination resort for its 10,000-member Snowbird Vacations Travel Club.
MINNEAPOLIS-The move involving two office buildings, which total 610,000 sf, reflect vacancy rates in the Downtown office market approaching 20%. Both buildings recently suffered some key tenant losses leaving the buildings more than a third vacant.
WASHINGTON, DC-Utility concern Washington Gas finally settles in to its new headquarters in the 500,000-sf United Brotherhood of Carpenters and Joiners building at 101 Constitution Ave.
NEW YORK CITY-Last year at this time, the WTC rebuild was mired in indecision. While issues still abound, real progress has been made in the past 12 months, local pros observe.
MIAMI-The class A office park in the Airport West submarket has proposed a second phase consisting of a 130,000-sf, four-story building and plans to start construction in the fourth quarter of 2004, subject to continued leasing.
LA QUINTA, CA-With owner Southern California Presbyterian Homes having just broken ground on the Hadley Villas Senior Housing project, it is currently rising at the corner of Adams Avenue and 47th Street here. Slated for a September 2004 completion, it will contain 80, affordable apartment units at build-out.
CHANDLER, AZ-For the second time in more than two years, Wal-Mart has had its plans shot down for "supercenter" in Chandler. But city council did make one concession: It gave the retailer's developer a go-ahead for a spin-off concept.
ORLANDO-Fidelity National Title Insurance Co. of New York forms an interval ownership department in its local office to provide underwriting and other real estate support services for timeshare properties in Florida.
London-In spite of a trend towards increasing levels of void space in commercial property across the UK, new research from Donaldsons finds shopping centres unaffected as vacancies fall.