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ST. MICHAELS, AZ-The opening realizes a longtime family dream to build in Window Rock, says the franchisee. The plan started percolating in 1996 as the owner set about creating a master plan for a hotel and restaurant. Both are now open.
SANTA ANA, CA-A private investor from the San Francisco Bay area sells property in its homeport and uses a 1031 Exchange to buy in Santa Ana, acquiring 20 units at 722 and 730 S. Raitt St. for nearly $1.6 million.
PHILADELPHIA-Is it a blip or a trend? The overall MSA absorbed nearly one million sf of office space in fourth quarter 2002, pushing vacancy rates down for the first time in two years. The Center City market paralleled the region.
GULFPORT, MS-In its third retail asset acquisition this year, the Cleveland-based REIT spends more than $45 million for Crossroads Center. Last month, the company purchased shopping centers in Pasadena, CA and Phoenix.
HOUSTON-This time, the accolade comes from the Houston Association of General Contractors for Crescent's eight-acre courtyard plaza. The renovation previously was awarded a bronze and an honorable mention by Texas groups.
SAN DIEGO-According to new research, the North County industrial market experienced negative net absorption of 854,749 sf in the last quarter of 2002. The decline comes after a year of positive net absorption and declining vacancy.
CHATSWORTH, CA-The consumer products company inks a 10-year lease for 212,600 sf of industrial space in a deal with TA Associates of Newport Beach. Move-in will take place before the month's out.
SAN FRANCISCO-American Re-Insurance recently inked a 10-and-a-half-year deal to lease the entire 29th floor of One Front St., a 36-story office tower in downtown San Francisco.
EDISON, NJ-The NAI James E. Hanson organization has gotten the leasing exclusive for the QW Realty-owned asset, which includes just under 5,000 sf of office space.
DALLAS-Shopping centers in Dallas, Garland and Fort Worth win approvals from a dollar store operator, French bakery wholesaler and women's fashions retailer. The largest spot, 8,400 sf, goes to a Houston dollar chain marking its Dallas-Fort Worth inroad.