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PORTLAND-As expected, Grubb & Ellis' third quarter report shows overall vacancies jumped more than one full point in the third quarter as the market continues to regress in concert with the local and national economies.
BIRMINGHAM, AL-The privately owned commercial mortgage firm hires Scott Kavel as vice president of seniors housing and head of a new office in Duluth, GA, an Atlanta suburb; and Catherine A. H. Bergwall, as an assistant vice president in the Atlanta office.
NORTH ANDOVER, MA- Global Communications Corp. relocates its headquarters to a 17,000-sf facility here. The move comes just as the company receives $15.6 million in second-round financing, earmarked to develop its latest tranceiver chips.
AUSTIN-The Schaumberg, IL-based Insurance Auto Auctions shores up its Texas market, buying a 23-acre salvage yard in Austin's southeast submarket. The CEO says now it's time to look for complementary acquisitions.
LONDON-The Government has announced an urgent review of the operations of its urban regeneration agency, English Partnerships, bringing forward a five-yearly review that was not due until 2003.
CLERMONT, FL-Racing the clock, Lake County elected officials have 12 days to make a purchase offer to the Orlando owners of the controversial 1,433-acre Sugarloaf Mountain tract. Gov. Jeb Bush and his Cabinet rule on a disputed development order extension Oct. 30.
MIAMI-An elected official argues the Air Force should give the county 1,800 acres of surplus property at the abandoned Homestead Air Force Base, considering the impact of the Sept. 11 national tragedy on the Miami-Dade economy.
CARLSBAD, CA-Following a contentious meeting Tuesday night in which 100 foes showed up, the City Council delayed its vote on the matter until next Tuesday. The project would include a business park, community facilities, a park and a proposed elementary school.
HOUSTON-In an eight-month strategy, ML Capital Ventures of West Dundee, IL has bought the second of four planned acquisitions in the Houston market. More than $22 million will be spent on suburban office properties before the year's out.