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AURORA, CO-Raytheon already hired 100 engineers in the first four months of 2003 in anticipation of an expansion of facilities now including the newly acquired 54,000-sf office building adjacent to its 450,000-sf office campus in the CentreTech Business Park. Northrop Grumman sold the property to Raytheon for $3.3 million.
RANCHO CUCAMONGA, CA-A family trust from Orange County buys the 20-year-old center from an Orange County seller. The Foothill Plaza, built in 1983, was fully leased at sale time by its original owner.
SAN DIEGO-Burnham Capital Markets Group secures the financing for borrower RB North LLC, which has used the capital to acquire a 25,325-sf office asset in San Diego.
DALLAS-Paul Harris, a senior VP and director for Archon Residential, turns on the lights this morning in the newest office for Chicago-based Moran & Co. The Dallas team starts with four, including Thad Wetterau, who's returned from Atlanta.
NEW YORK CITY-Commercial loan service firm, Situs Cos., has made its debut in Manhattan via the hiring of managing director Jayson Prisand, who is now working in space occupied by business partner Ascent Real Estate Advisors.
GARDEN GROVE, CA-The owners of the Embassy Suites Anaheim South Hotel shave the interest rate by 3.25% with a two-year financing package. The bridge loan increases cash flow and enables fixtures to be bought instead of leased.
ORLANDO-At 59, David H. Hughes is turning over the chief executive officer's suite at locally based Hughes Supply Inc. to Tom Morgan, 49, who has been president and chief operating officer of the national construction materials company since 2001.
FREEPORT, IL-The publicly traded manufacturer of residential furnishings and commercial components more than triples the size of its previous lease at 1555 Illinois Highway 75 East and signs on for another seven years.
PARADISE ISLAND, BAHAMAS-Kerzner International Limited says it has reached agreement with the government of The Bahamas regarding a massive expansion of its flagship resort, Atlantis, Paradise Island. The news, announced Tuesday, has the company's share price flirting with a 52-week high.