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BINGHAM FARMS, MI-Colliers International agrees to bring in clients for Regus Business Centre offices in the class-A Columbia Center II building, the company's first building in the state.
BOSTON-The Boston Redevelopment Authority approves the development of an 87,000-sf drug manufacturing facility in the neighborhood of Mattapan on the site of the 173-acre former Boston State Hospital campus. The Massachusetts Biologic Laboratories outgrew its current facility in Jamaica Plain.
SOUTH SAN FRANCISCO-A 7.4-acre property in South San Francisco will change hands under an agreement signed by Montgomery Realty Group. The price tag for the undeveloped site is $12 million.
LOS ANGELES, CA-Former owners renovated apartment building, which now commands higher rents in the city's transitional Mid-Wilshire district than previously.
AUSTIN-This weekend, the city unveils the first component to a redevelopment of its Auditorium Shores area. The center is designed to be a major new arts venue for events and bookings too small for the convention center.
HAGERSTOWN, MD-The Centre at Hagerstown, a 327,000-sf, two-year-old shopping mall, sells to Washington Real Estate Investment Trust in a $41.7-million cash deal. The property offers more than 30 stores and is 98% leased.
LONDON-Despite a slight fall in take-up, there is little sign of a weakening in the UK's regional office markets according to the latest survey from DTZ.
MIAMI-New York-based Related Capital Co. is investing $11 million in debt and equity financing to develop the 160-unit, three-building Colonial Park Apartments in Margate, FL, 32 miles north of Downtown Miami.
MIAMI-Turbo Investments International Inc. paid Penn Florida Realty Corp. of Boca Raton, FL $16 million for the month-old, five-story, 42,000-sf One Wachovia Center 100% leased to Wachovia Bank. Boca Raton is 70 miles north of Downtown Miami.