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FOOTHILL RANCH, CA-Peppino's signs for 10 years at Foothill Ranch Towne Centre, filling the only empty space, 4203 sf, in the food court of the fourth phase. The Italian eatery will open in the summer.
SAN DIEGO-Pacific Carmel Mountain Holdings LP, an affiliate of locally based American Assets Inc., acquires the 532,418-sf property from sellers Diversified Realty and Community DRA Advisors LLC.
LAKEWOOD, CA-Lakewood Plaza Dental Group will occupy about 20% of its 16,597-sf purchase, with the rest to remain as retail shops. The buyer was scouting for a third location when the broker zeroed in on the South Street center.
LONDON-The government's draft Housing Bill has split the world of estate agency with many agents opposed but with groups including the Royal Institution of Chartered Surveyors broadly in favour.
BOSTON-The Boston Redevelopment Authority gives its approval for the development of nearly 300,000 sf in two buildings for Boston University. It also thumbs-up preliminary approval for the university's 2003 master plan. The plan involves building additional student housing on BU property.
HOUSTON-The Cranford, NJ-based REIT sells its last wholly owned asset in Houston, the 103,689-sf 1770 St. James Place. The Houston buyer gets the deed to an 82%-occupied office building in the Galleria submarket.
SUNLAND, CA-Independent Studio Services, a provider of a host of services for movie makers, more than doubles its space in a move from three smaller buildings. The 105,257-sf industrial building sits on 11 acres.
PHOENIX-Developer Scottsdale Lodging Investors is still designing the three-acre hotel project, which is projected to cost between $7 million and $8 million. The project's general contractor is Summit Builders.
LONDON-Avon Capital Estates--the new investment vehicle for ex-Saville Gordon Chairman David Saville--has bought a second portfolio from Capital & Regional. The three industrial estates cost pounds 11.35 million ($17.8 million).