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HOUSTON-Right Management Consultants will move in September to 1233 W. Loop South. The deal takes the 262,242-sf office tower to 73.7% leased. Location, pricing and parking sew up the contract.
SEATTLE-Korr Development of Hong Kong is once again seeking a Master Use Permit application to develop a 35-unit condo, office and retail tower on a 7,200-sf lot at the intersection of Spring Street and Boylston Avenue in the First Hill neighborhood.
GLENDALE, AZ-The buyer is a family trust from Santee, CA and the seller, Presson Cos. of Phoenix. The 86,844-sf Grand Avenue Business Park II is a pair of multi-tenant office/warehouse buildings that are about 93% leased.
DETROIT-The multifamily market is faltering, with rents and sales remaining unchanged. However, Marcus and Millichap predicts a turnaround by 2004, which bodes well for new developments already under construction.
GILBERT, AZ-A Colorado Springs, CO syndicate of 1031 buyers makes the close, spending $10.6 million for the 62,579-sf suburban center. The 95%-leased center delivered in 2000 by its merchant-build seller.
WASHINGTON, DC METRO-Healthcare organizations APS Healthcare and ValueOptions commit to a combined 130,000 sf of space at Silver Spring, MD's Silver Spring Metro Plaza and Reston, VA's Sunrise Technology Park, respectively.
MARMORA, NJ-The new owner of All Seasons Marina in Cape May County will also upgrade the 50-year-old complex, which currently accommodates 475 pleasure craft.
SAN FRANCISCO-With financial strains amounting to $750,000 a day at stake, the San Francisco Board of Supervisors votes to deny residents' appeal of the city's environmental assessment of the 62-acre Laguna Honda Hospital redevelopment.
AUSTIN-The 3,000-sf lease is for the 65,264-sf Colina West at 8834 Capital of Texas Highway. The site search was concentrated in Austin's northwest submarket. A 15-year professional, hired in May, is the office manager.
IRVINE, CA-The real estate investment and management company loses $1.482 million in the second quarter, or 27 cents per share, after depreciation and other charges.