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DALLAS-A trio of new leases brings a renewal and two new tenants to Dallas office buildings. The City of Dallas Water Department is the largest of the space takers, re-upping for 73,900 sf of headquarters space.
TAMPA, FL-With one million sf of sublease product available, property owners are offering concessions and competing fiercely for creditworthy tenants but aren't tying up leases for lengthy terms.
TORRANCE, CA-Torrance Medical Associates sells the Torrance Medical Arts Center for $6.6 million. The building underwent a significant renovation in 1998 and was 100% leased at the time of sale.
LANSING, MI-The governor touts science and technology development projects in the state during his annual address. He says a Rare Isotope Accelerator at Michigan State University would be icing on the cake.
DENVER-A powerful citizen's review board approves a proposal by Hines Interests to turn the US Postal Annex Terminal building in LoDo into luxury condominiums. The 3-2 vote comes amid fears of the structure's new height.
GRETNA, VA-Philadelphia-based Binswanger/CBB becomes the exclusive agent for the sale or lease of a 135,000-sf multi-use property in the Gretna Industrial Park. Binswanger is offering the building at a selling price of $1.875 million.
WALTHAM, MA-Deaconess-Waltham Hospital here is trying to stay afloat despite its financial struggles but its fives acres of land is catching the eye of its neighbor across the street, Brandeis University. The 243-bed hospital is a member of CareGroup.
LONDON-House buyers throughout the country have once again set their sights on a new home as RICS members report an upsurge in new enquires, says the latest RICS residential housing survey.
AUSTIN-Two Littlefield Real Estate executives, with experience in manufactured housing community sales, switch affiliations as Marcus & Millichap looks to build up its Austin team. More hires are on the radar screen.
ROME-Banca Nazionale del Lavoro has successfully raised €173 million ($154 million) for its second closed-end real estate fund, Portfolio Immobiliare Crescita. Unlike its predecessor thie new fund will adopt a more aggressive investment strategy chasing both income and growth.