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SAN DIEGO, CA-San Diego county's unemployment rate remains steady, according to recently released preliminary November report published by the State of California Employment Development Department.
PHOENIX-Four new tenants sign leases over the past 60 days to fill about 160,000 sf in the 25th Street office park, from which American Express pulled out of a 270,000-sf lease in June.
ALLENDALE, NJ-The REIT has acquired the eight-building, 408,000-sf high-tech industrial park in Bergen County from TA Associates. The new owner faces a 100,000-sf give-back by prime tenant Howmedica Osteonics.
SAN DIEGO, CA-The project will entail the addition of new guest rooms, a new pool area and a new lobby and conference facility to the Dana Inn & Marina, Bartell Hotels' property in the Mission Bay area of San Diego. With design work completed, construction on the project will commence in early 2003.
SUFFOLK, VA-Advantis Real Estate Services Co. secures the leasing assignment for the Harbour Breeze Professional Center, currently under development by Becon Construction Inc. Space in the 60,000-sf office park is pre-leasing at $15 per sf.
TEMPE, AZ-More than 130,000 sf of fully-furnished office space here has been taken down in the past six months in large part because it came ready for business. In the latest deal, Phoenix-based healthcare provider Kronos grabbed 54,410 sf of office space.
WYTHE COUNTY-Plastic packaging films manufacturer Klvckner Pentaplast of America Inc. makes plans to extend its current facilities in Rural Retreat Industrial Park with a 70,000-sf addition. The Gordonsville, VA-based company will spend $34 million on the project, which will create 108 new jobs.
DALLAS-The art and frame business leases 6,000 sf in a free-standing building at Midway Market. The plaza rents in the mid-$20 per sf range and is home to a number of other businesses.
ATLANTA-Healthcare Realty Trust Inc. of Nashville, TN sold the 28-year-old, 147,000-sf, 58%-leased structure for $10.6 million. The property is located in the affluent Buckhead district.
NEW YORK CITY-The buyers sell a Brooklyn asset in a 1031 exchange to facilitate the purchase of the Long Island office property, which is adjacent to the Hicksville train station. The seller is a division of Tully Construction Co.