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AUSTIN-Atlantic States Bank is awaiting regulatory approval to forge ahead on plans for an Austin rollout. An OK will bring a main location at the historic Walter Tipps building in the CBD and the other at Balcones Centre in the far northwest submarket.
ORLANDO-Rola-Trac North America of Norfolk, England is taking the space at Sanford Industrial Park, 1140 Albright Road, for five years at an aggregate rent of $222,984 ($3.72 per sf). Rola-Trac provided one million sf of temporary, synthetic-built roadways for the British Army fighting rebels in the mountain regions of Kosovo in 1999.
LONDON-Occupier confidence is returning to the central London office market, with 2.5 million sf of space under offer at the end of the first quarter of 2002, according to Insignia Richard Ellis.
LONDON-Waverley Borough Council has drawn up a shortlist of eight developers who will be invited to submit schemes for the regeneration of the six-acre East Street area in Farnham, Surrey.
SAN FRANCISCO-The results are in. The first three months of 2002 showed no improvement in San Francisco's commercial real estate market. There is now a vacancy rate of 21%.
SAN FRANCISCO-The city of San Francisco has approved a $16 million plan to renovate two golf courses at Lake Merced, which will become a destination for PGA tournaments starting in 2006.
BROOKLYN PARK, MN-The Minnesota Concrete & Masonry Contractors Association's contractor of the year award goes to Bob Storm of Northland Concrete. Barry Blazevic of ADB Construction Co. is elected president of the group.
HACKENSACK, NJ-The properties, located in Essex and Hudson counties in Northern New Jersey, were sold in separate transactions with a combined value of $2 million. One of the three involved a block of unsold condo units.
WOODBRIDGE, NJ-The Garden State Parkway's Driscoll Bridge, which carries more than 80 million vehicles a year, will be fixed with help from the New Jersey Turnpike's coffers.
BOSTON-Having encountered difficulties finding tenants to fill the 350,000-sf building, Modern Continental Enterprises puts 470 Atlantic Avenue up for sale. The building, on the waterfront, is currently 25% leased and the company is asking for over $100 million.