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WASHINGTON, DC-With a sniper on the loose, retail property owners reassure customers that since the Sept. 11 attacks facilities have been made as secure as possible. So far, retailers have not resorted to physically altering properties in an effort to better shield customers.
MIAMI-Brokers for the 4.5 million-sf park signed six new office/warehouse leases for a combined 127,534 sf. Marlin Showcase Co., a new manufacturing business, leased the largest amount with 65,794 sf.
EMERYVILLE, CA-The Bay Street retail project includes two "districts": a multi-level entertainment block and a retail boulevard. Tenants at the center will include AMC Cinemas, The Gap, Old Navy and Pottery Barn.
ORLANDO-New York-based Teachers Insurance Annuity Association paid Heitman Financial of Chicago $41.15 million for The Pointe, a 20-year-old, 94%-leased, 249,000-sf structure at Rocky Point in Tampa's recovering Westshore district.
AUSTIN-Bank of America Mortgage lines up 7,000 sf in the 200,000-sf, nine-story office building in the Arboretum area of the northwest submarket. Kennedy-Wilson and Trammell Crow work out the lease details.
KINGSTON, MA-An attempt to create a transit-oriented district, that would support mixed use development, for the 140-acre parcel that surrounds the train station in the center of the town is rejected for the second time this year at Town Meeting.
DETROIT-Though property pollution is rampant in Michigan, reuse of former contaminated property is rising to more than $4 billion of investment per year, says the Michigan Department of Environmental Quality.
BOISE, ID-Unlike their counterparts in much of the rest of the country, Boise apartment dwellers see a slight rise in rents this year, according to a recently released survey by RealFacts, the multifamily data specialists. The average occupancy rate remains around 90%, where it has been stuck for all of 2002.
PHOENIX-A Colliers International broker brings together a buyer and seller for a commercial tract that was not on the market. The convincing factor for the seller was the price that a Phoenix car dealer was willing to pay.
DALLAS-Centex is done shopping the leasing assignment for its 217,548-sf Citymark at 3100 McKinnon. Jones Lang LaSalle's Dallas team, the winner, is now laying out the strategy to boost occupancy from 83%.