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LONDON-Morgan Stanley has taken an assignment of the lease on a 246,000-sf warehouse building on Brixton's Heathrow Corporate Park near Heathrow Airport, agreeing a rent of pounds 12.50 ($20) per sf.
HOLLYWOOD, CA-The Motion Picture Hall of Fame will lease 50,000 sf at the 6300 Hollywood Blvd. building, which occupies one of the film community's storied intersections. The building is owned by Meringoff Equities.
RANCHO BERNARDO, CA-The San Antonio, TX-based developer completes acquisition of a 1.61-acre site in Rancho Bernardo and plans to begin construction on a 200-room Hilton Garden Inn here in early 2003. The total acreage owned or controlled in the immediate area is 4.5 acres.
NEWTON, MA-Northland Investment Corp. creates a real estate-investment fund to invest in real estate throughout the country. The locally based company says it has committed capital of $50 million that it expects to leverage into $200 million of buying power.
SAN FRANCISCO-A $110-plus million project to connect Hunters Point to U.S. Highway 101 with a new bridge could open the doors to major redevelopment of the demilitarized shipyard.
ATLANTA-The Dallas-based developer has hired HLM Design Inc. of Charlotte to do the second, million-dollar stage of the 38-year-old, 32-story, 600,000-sf Downtown landmark and Atlanta's first skyscraper.
TROY, MI-Nearly 250,000 sf of office properties in Atlanta and suburban Minneapolis are acquired by joint venture of two Michigan firms, The Hayman Co. and Royalton Investment Group.
TEMPE, AZ-Coldwell Banker Success Realty is in for 5,732 sf while Farnsworth, Webb & Greer settle on 7,818 sf at the recently completed 120,000-sf Warner Courtyards at 301 W. Warner Rd., a Denali National Trust development.
ROSELAND, NJ-The properties, one of them in New Jersey, will flip from the portfolio of New Plan Excel Realty Trust. Three of them will be converted to the new owner's Premium Outlet brand.
CARMICHAEL, CA-The Five Points Shopping Center, a 50,440-sf shopping center whose tenants include Long's Drugs and Picadilly Circus, is sold to Progenitor Holding, a Stockton-based partnership.