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CHULA VISTA, CA-City officials have earmarked $1.3 million to the project team of the city's largest redevelopment effort since Third Avenue's Park Plaza in 1984. The move comes despite the builder's failure to obtain construction financing and leasing.
LONDON-AOL Time Warner subsidiary Turner Broadcasting is continuing to rationalise its property holdings in London's West End. Both CNN and The Cartoon Network have moved into Turner House, freeing up 49,000 sf for disposal.
LOS ANGELES-The build-to-suit headquarters and distribution facility will encompass 138,000-sf, enabling Industrial Metal Supply Co. to more than double its plant capacity. It will rise on a 5.3-acre parcel at 8300 San Fernando Rd. and will include 20,000 sf of mezzanine office space and 118,000-sf of warehouse space.
DALLAS-Two retailers and a call center operator ticket the suburbs of Addison, Frisco and Bedford for new operations. CLEC Phone Remedies heads to Addison Park Place for a headquarters and call center operation.
ATLANTA-Principal Capital Real Estate Investors of Des Moines, IA sells the 11-building, 512,540-sf, 99%-leased Oakbrook Technology Campus for $26.2 million or $51.11 per sf, considerably under today's replacement cost, area brokers tell GlobeSt.com.
EUGENE, OR-The Nike founder and chief executive is reinstating his support of the university, which stopped amid controversy 18 months ago, ensuring that the ongoing $85 million expansion of Autzen Stadium can be completed without cutbacks.
DENVER-Eight of 20 units in a $6.2-million condominium project at Speer Boulevard and West 29th Avenue in the Highland neighborhood have been sold. Low interest rates should help sell the rest, the developer's listing agent says.
WORCESTER, MA-The city manager here is asked to look into alternative sites for a vocational high school. The school is supposed to be sited on a 21-acre parcel here on Belmont Hill but the conservation commission has objected to the project because of the wetlands in the area.
WASHINGTON, DC-The increase is seasonally adjusted. On an unadjusted basis, the application index increased 19.9% and was up 97.6% versus the same week a year earlier.
HARRISBURG, PA-A managed-care provider under the Platinum Equity Holdings umbrella sells and leases back a 206,900-sf office property. Buyer is an affiliate of the Starwood Organization.