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CONCORD, CA-The Metroplex Office Centre will include twin 10-story towers providing upward of 475,000-sf of office space. Owner Sierra Pacific is developing the project on a speculative basis.
SEATTLE, WA-Whether redeveloping, leasing or building to suit, Ruggerio paints a picture of a very active big-box market, but one where companies are paying close attention to the bottom line and staying lean when it comes to paying for space.
WALTHAM, MA-This city makes its third land purchase in a year with its acquisition of 6.5-acre Jericho Hill for $750,000. The buy is part of city Mayor David Gately's effort to preserve some parcels here as open space.
HOYT, MN-The new coal gasification and wind turbine plant could generate 3,000 megawatts and cost $84 million. It also could attract $3 billion in investment to the Iron Range area.
LONDON-Property outperformed both UK equities and Government bonds during 2001 according to King Sturge, and the firm expects returns from property to remain broadly similar in the coming year.
CHICAGO-New York-based Thor Equities will create 50,000 sf of Central Loop office space and 30,000 sf of retail space in a vacant building on State, across the street from Carson Pirie Scott.
NEW YORK-Robin Abrams has been appointed the first female chairperson of REBNY's Stores Committee. At the top of her agenda is an initiative that addresses the needs of Downtown retail businesses.
LONDON-Office take-up in the main central London office markets appears to have picked up in the final quarter of 2001, in spite of the economic turmoil in the wake of 11 September, according to new research from FPDSavills.
NEWPORT BEACH, CA-McMorgan Co. acquires the 86,707-sf property, known as the Northwestern Mutual Life Building. The facility, which is anchored by Northwestern Mutual Life, is approximately 95% occupied.