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DALLAS-Advantage Printing Specialists is readying for a Dec. 1 start in an 11,700-sf office-warehouse property in Dallas' northwest submarket. The Albuquerque-based company's owner used a 1031 exchange to acquire his first Texas location.
MANCHESTER-Allied London has netted Manchester's biggest-ever letting as The Royal Bank of Scotland signs up for 500,000 sf at Spinningfields, its 2.64 million sf development scheme in Manchester city centre.
VAN BUREN TOWNSHIP, MI-The health care supply company takes over industrial space at 41775 Ecorse Rd. while food supply company IBP Foods leases 11,822 sf of office space in Farmington Hills, MI.
DETROIT-A favorable vote Nov. 6 allows the city to borrow $20 million through a bond issue to renovate a 50-year-old facility with a 110,000-sf expansion. Another $30 million is sought in private funding.
DENVER-Vacancies are lower and asking rents are higher Downtown, but the submarket does have 343,705 sf of negative absorption in the third quarter, as well as 947,686 sf in the first nine months of the year.
BOSTON-The Postal Service details plans for its 21-acre site here in South Boston. The Service intends to sell this site as soon as it finds a new space, but developed the idea as part of the master plan for the Fort Point Channel area.
LOS ANGELES-The former chairman and CEO of locally based CB Richard Ellis becomes a director of GenCorp Inc., which serves the aerospace business and other industries. Move should help the company's efforts to develop a 13,000-acre parcel it owns near Sacramento.
SAN DIEGO-In order to redeploy assets, the Shidler Group has sold its 50% interest in the Palomar Heights Corporate Center to its development partner, Buie Communities.
ORLANDO- While some industrial markets across the nation are bleeding due to the sluggish economy and events of Sept. 11th, Orlando's industrial market has remained strong thanks to good leasing activity and watchful developers.
ARLINGTON, VA-Charles V. Stipancic will step up as US Airways' new vice president of corporate real estate and manage all of the company's commercial endeavors. Stipancic was formerly the company's director of airport affairs and corporate real estate.