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ORANGE, CA-The company inks a 5-year lease for 9,418 sf of office space here and plans to relocate from its current Santa Ana headquarters in July. The transaction is valued at $1.2 million.
SEATTLE, WA-The Seattle First United Methodist Church plans to demolish its 1908 structure, once pursued as a historic landmark, in favor of a major Downtown high-rise.
LONDON-The latest first quarter results for serviced office operator Regus show the economic downturn is continuing to impact demand for flexible offices. Turnover is down 20% year-on-year and down 7% on the previous quarter.
ST. PAUL, MN-Hammel Green Abrahamson of Minneapolis is doing the design of the $32-million expansion and facelift at Como Zoo and Conservatory, while Graus Construction of Hastings built the 7,500-sf animal support building.
MANCHESTER, NH-K&S Manchester Commons LLC, an affiliate of Kalikow, has joint ventured with Feldco Development and Retail Development to purchase 15 acres here. The group plans to develop a 160,000-sf shopping center on the site.
ST. CLOUD, MN-Financing fall through for Twin Cities businessman Peter Lytle, would-be buyer of the catalog firm, prompting Federated Department Stores to adopt a piecemeal plan that will likely put a 1-million-sf distribution facility up for sale.
EVERETT, WA-Wayne Laxson with Windermere's commercial division tells GlobeSt.com the Northend submarket of Everett isn't exactly up to its neck in tenants on the hunt for space. And for those who are, pickings are slim.
PHILADELPHIA-The Newtown Square, PA-based REIT finally gives a name to its newly designed office tower. To be located adjacent to 30th Street Station, the 28-story structure will be built from a design by architectural powerhouse Cesar Pelli.
GREATER BOSTON-It was sublease space that pushed up vacancies in the suburban market in Q1, according to a newly released study by Meredith & Grew. Vacancies rose to nearly 20%.
ROCKVILLE, MD-Slow-growth properties no longer figure in Federal Realty Investment Trust's game plan, so the dispositions have begun. Properties newly shed are located in Connecticut and New Jersey.