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HOUSTON-Marking 20 years in the building, McDonald's renews for another seven years on a 17,934-sf office in the far northwest submarket. A West Side tenant also delivers an office deal, taking 5,777 sf in Norfolk Tower.
CANTON, MA-Blue View Corporate Center, a 188,000-sf building located near the Route 95/128 interchange is under agreement to be sold to DST Systems by Newton, MA-based National Development.
FOUNTAIN VALLEY, CA-The Fountain Valley School District acquires the 38,305-sf building from private investors based in Ross, CA. The plan for the 80%-leased building is to gradually take over the space as the leases expire.
HOMESTEAD, FL-The community, which is more than 70% sold, will include 171 Spanish-style townhomes and villas, with three to nine units per building. They are priced in the $140,000-range. Marbella Cove is set to break ground this quarter.
LOS ANGELES-The Downtown LA-based developer and investor taps Kent Handleman to head leasing at the 2.7-million-sf Arco Plaza in the latest sequence for events that began in January with the firm's acquisition of the Downtown twin towers.
DETROIT-Taubman Centers, under takeover attempt by Simon Property Group, boosts common stock dividend from last year's figure, while preferred dividend remains the same.
ARNHEM, NETHERLANDS-Philips Electronics Nederland BV signs a letter of intent to outsource facility management of 7 million sf in the Netherlands to Arcadis Aqumen, a joint venture between publicly traded Arcadis and U.K.-based support services specialist Mowlem Aqumen.
CHATSWORTH, CA-The 17-year-old, 31,889-sf retail center along Topanga Canyon Boulevard closes out a 10-year hold by Valley Realty Associates. An LA buyer takes the deed to a 92%-occupied plaza nestled in a prime retail location.
ATLANTA-James L. Kacena joins the real estate group of Atlanta-based Sutherland Asbill & Brennan LLP in an Of Counsel capacity. He will practice with both the hospitality and leisure group; and the Caribbean development group at the 350-lawyer firm.