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NEW YORK CITY-Two San-Francisco-based healthcare technology firms lease space in or near Philadelphia. A care-management systems service takes 21,806 sf of expansion space at the University Science Center and a software company signs a renewal on its 48,074-sf Malvern space.
LONDON-The economic downturn is likely to be sharper and will last into 2002, following the events of 11 September. But investors see property as a relatively safe haven according to LaSalle Investment Management.
ALISO VIEJO, CA-The insurance giant takes 120,000 sf of new space inside Shea Properties' $350-million Vantis project here. Deal is one of the region's largest of the year and provides lift for battered South County area.
RICHMOND, VA-Advantis Real Estate Services Co. puts the national financial services tenant into One Colonial Place, a 118,000-sf, $12.9 million class A office building scheduled for completion in November at Virginia Center Commons. The estimated value of the 10-year lease is $18 million.
PORTLAND-Several officers of the Society of Industrial and Office Realtors' will speak at the Commercial Real Estate Women luncheon, including SIOR's Western Regional Vice President Don Ossey. The event was reschedueld from Sept. 13.
AUSTIN-Lumbermen's Investment Corp. goes before Austin City Council today with a zoning change request for 4.5 acres fronting Town Lake. If OK'd, the plan calls for a mixed-use project on acreage that's had development stalled since the 1980s.
IRVING, TX-In today's economic climate, execs say Nissan Motor Acceptance Corp.'s decision for a 268,000-sf BTS is the only way to go. A full Dallas team gets a piece of the 14.8-acre project at DFW Freeport, a 550-acre development that's also caught the eye of a hotel developer.
NEWPORT BEACH, CA-The locally based company cuts ribbon on $3.9-million storage facility along the San Gabriel River, as part of its strategy to expand operations into the self-storage business. Similar projects are planned for Huntington Beach and Rialto.
MIAMI-The locally based real estate investment, finance and management company posts record quarterly earnings per share of $1, while about half of its remaining property portfolio is still undergoing development or repositioning.