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LAGUNA NIGUEL, CA-Locally-based Berkshire Development has paid $17 million for a Rancho Cucamonga industrial site, in a deal that closed this week. The facility is occupied by 47 tenants.
BAYONNE, NJ-The agreement will pave the way toward the military's ongoing site remediation of its vacated Military Ocean Terminal, which is slated for redevelopment.
AUSTIN-A new report is singing the blues over the impact of rising commercial and residential rent on Austin's music industry. The industry pumps about $616 million into the economy and generates $11 million in city taxes. Creativity is at stake, says the report.
HUNTINGTON BEACH, CA-The two facilities, which encompass 30,768 sf, have been snapped up by Jeff Grand Partners. Jeff Grand Partners has scooped up these two facilities after dumping a Huntington Beach industrial property last month.
WAUKEGAN, IL-The Washington, DC-based Urban Land Institute could come here next year to help draw up a plan for redeveloping this gritty north suburban city's ill-planned and underutilized lakefront.
SEATTLE-The vacancy rate grew 1.6 percentage points from the second quarter to the third, a much slower pace than the 3.5 percentage point gain between the first and second quarters, according to the latest data from Cushman & Wakefield.
AUSTIN-Locally based Fired Up replaces a Denver firm with Austin talent to help push expansion plans. McGarrah/Jessee will plot a marketing blitz for more than 20 Johnny Carino eateries and 200 franchises in 13 states and 12 countries.
MIAMI-Vacation Ownership Marketing signs $3.6 million contract to buy development rights to the planned 60-unit, Granada Grand luxury multifamily project.
DETROIT-Dilapidated areas in Saginaw and Grand Rapids get more relief to attract new and expanded businesses. Saginaw's Central Business District subzone adds 2 acres while Grand Rapids adds 6 acres to its subzones.
ATLANTA-C.D. Moody Construction Co. Inc., also a locally based general contractor, garners $10.8 million of the $72 million construction contract to build the $100 million, 28-story, 600-room structure at CNN Center in Midtown. Construction starts in January with expected completion in fourth quarter 2003.