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Henderson, NV-Agua Investors Inc. acquires the 266-unit multifamily property from SNK Development. Completed in 1999, the complex is located at 951 Las Palmas Entrada.
BELLEVUE, WA-With General Electric's Business Asset Funding unit re-signed for the long term, Larry Klatt, Unico's regional vice president, tells GlobeSt.com his company's renewed commitment to service is what kept the company from losing the 121,432-sf anchor to its 400,000-sf Skyline Tower office building in Downtown Bellevue.
HARRISON, NJ-The New Jersey and Manhattan offices of IESG will team up to market up to 2.5 million sf of class A office space at this city's major downtown redevelopment project.
LONDON-Tussauds Group, owner of the world famous waxworks, is planning a pounds 40 million ($62.3 million) expansion of its Alton Towers theme park with a new 216-room hotel.
MONROE, TWP, NJ-The Postal Service's new distribution center will temporarily house the operations of its existing facility in Hamilton Twp., which remains tainted by the anthrax scare and is currently being cleaned up.
SAN DIEGO, CA-American Residential Investment Trust Inc. announces that its San Diego-based REIT subsidiary lost $9.2 million for the quarter ended June 30, 2002. The loss was primarily due to the recognition of mark-to-market losses on derivative instruments of approximately $8.8 million.
WALTHAM, MA-Raytheon Co. sells its longtime headquarters in Lexington, MA to a joint venture and leases land for a new 150,000-sf global HQ at the Waltham Woods Corporate Center. The defense contractor says it wants more modern and efficient space.
BOSTON-Harvard's School of Public Health moves into space being vacated by Agency.com. The interactive media company was allowed to buy out of its lease, on which it had eight years left, enabling Harvard to do a direct deal with the building's owner.
GAITHERSBURG, MD-In a $9 million deal, the office structure at 704 Quince Orchard Rd. is sold to the New Boston Fund. The 77,000-sf, three-story structure, built for IBM in 1982, is 90% leased and has an assessed value of $7.4 million.
NOVI, MI-The computer company that sells a product that is an alternative to the more prevalent Microsoft-based operating systems brings its wares to a specialized store in Twelve Oaks Mall here.