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BOSTON-Had the hotel sector been stronger last year, Boston Properties Inc. might have shed its 1,054-room portfolio that includes Long Wharf Marriott, Cambridge Center Marriott and a Residence Inn by Marriott, company officials say.
DALLAS-Ikon Office Solutions reshapes its space to 32,856 sf in a final contract with a first right of refusal on abutting space in the class A-minus property in Dallas. In Garland, DefaultLink stays tied to an office in the Chase Bank Building.
GREENBELT, MD-The Aerospace Building--a 150,000-sf structure that sits just a stone's throw from NASA's Goddard Space Flight Center--commands $13.4 million in acquisition financing through UBS Warburg Real Estate Investments.
DENVER-The Initiative for a Competitive Inner City has given a leadershop award to Mayor Wellington Webb for his promotion of job-creation in the poorer parts of the city.
SAN DIEGO-In a move to increase its presence in the Western United States, Maly Commercial Realty Inc. of Missouri adds Mark A. McCammon to its team. McCammon will serve as a San Diego-based principal for the commercial real estate investment company.
MIAMI-The company is growing, and the property owner is building out new space down the street to accommodate its needs. Tropicana, which has been a tenant in the park for 10 years, is moving from about 18,000 sf to 25,238 sf.
HONOLULU-The real estate subsidiary of publicly traded Alexander & Baldwin Inc. has signed a letter of intent to be a joint venture development and financial partner for a 40-story luxury residential tower that is more than 90% pre-sold.
ATLANTA-Temco Associates, a joint venture of locally based Cousins Real Estate Corp. and Temple-Inland Realty Inc. of Austin, TX, has purchased a majority interest in 1,150 acres in suburban Atlanta for the development of The Georgian, a planned 1,386-home community.