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FREMONT, CA-The telecom-related software provider moves from Menlo Park to Fremont to be closer to its employee base, which is mostly engineers. The company subleased 16,674-sf at a full service rate of $1.90 per sf.

CHICAGO-Grubb & Ellis senior vice president Patrick J. Sullivan tells a recent meeting of the Real Estate Investors Association the local industrial market is "feeble" despite vacancy rates as low as 6% in more desirable locations.

LONDON-Europe faces a massive oversupply of cinema screens according to a new survey from FPD Savills. In almost every market new screens are being developed faster than cinema admissions are rising.

AUSTIN-The California-based DPR Construction's Austin office is positioning itself for a perceived pick up in construction activity. Teams for specialty services and tilt-wall construction have been added and the two will be marketed hand-in-hand.

LEESBURG, FL-LCA Development of Orlando wanted to reduce parking spaces to 348 from 458 on a $15 million, 200-unit affordable housing apartment project. The compromised 400 space number cut the developer's costs. Leesburg (Pop. 15,596) is 45 miles northwest of Downtown Orlando.

BEND, OR-The rate is increasing about 8 cents to $1.28 per $1,000 of a property's assessed value. The tax rate is the maximum allowed under Oregon's Measure 50, an initiative approved by voters in 1997.

WASHINGTON, DC-Of all mortgage loan applications, which went up overall in the latest weekly survey of the Mortgage Bankers Association of America, refinancing activity represented 44.1%, up from 43.7% the week before.

ATLANTA-The global, Blue Bell, PA-based software manufacturer will remain at its Summit Building in Technology Park until the lease expires Dec. 31, 2002. The company prefers the northeast quadrant of the city or north Fulton County.