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ATLANTA-The locally based investment group is committing an undisclosed amount into 10 properties of the Charlotte developer's recently developed 1.6 million-sf, suburban office portfolio segment, conservatively valued at an estimated $240 million. Overall, Crescent has developed 12 million sf over 30 years.
ESTES PARK, CO-Design Studios West of Denver is embarking on an $8-million to $10-million extension of this city's 1.5-mile Riverwalk. Plans call for bringing it closer to Rocky Mountain National Park.
LONDON-Rupert Murdoch's News International is the first tenant at a new scheme in London's second biggest industrial area. The publisher of The Sun and Times newspapers is leasing nearly 24,000 sf of space.
WASHINGTON, DC-The information technology and engineering services company will be the lead tenant in the 10-story, 287,000-sf building, which is adjacent to the federal Navy Yard.
HOUSTON-Construction crews wrap up the shell work for two spec buildings, totaling 236,000 sf, in Trammell Crow's Central Green Business Park. The 12.4-acre project is situated in Houston's north submarket.
RANCHO PALOS VERDES-Crest Road Homes pays private group $8.2 million for 5.3-acre retail project in this Peninsula community. About 53,000 sf will be demolished to make way for 34 houses.
RICHMOND, VA-At the request of the New York Stock Exchange to go out and increase the number of independent members of its board, this REIT taps Colton, currently at Harvard University and the former chief executive of the National Association of Home Builders.
TUSTIN, CA-City leaders here want to redevelop the parcel into mixed-use project, but have offered 100 acres to neighboring schools districts to build new educational facilities. The Santa Ana School District says that's not enough, and rejects Tustin's offer to pay for half the cost of testing soil for toxins.