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IRVINE, CA-Locally based CIP Real Estate, along with a joint venture partner, has snatched up the Milliken Business Center. The 12-building complex encompasses 157,701 sf.
HOUSTON-The 501,000-sf Weslayan Tower in Greenway Plaza attracts three new tenants while three others stay put in renewals and expansions. The bottom line is 14,208 sf of the class A structure has been booked in a recent leasing wave.
PHOENIX-Tucson is the lone wolf of the Arizona cities, which have posted declines in hotel demand. Tucson's up 2.2% in occupancy while the statewide average has dipped to 67.8%, a drop of 0.4% below midyear 2000's rate. Room rates, though, are up statewide.
IRVINE, CA-The congregation has purchased a 25,026-sf research and development building in the Irvine Spectrum and plans to occupy it within the next several months.
BIRMINGHAM, MI-Gregg Barker joins The Dietz Organization to further the firm's multifamily investment portfolio. He was partially responsible for marketing $100 million of investment real estate at CB Richard Ellis.
PEORIA, AZ-A Menlo Park, CA private investor spends $41,000 per unit for the 100-unit Land Pointe Apartments in the far West Valley. Seller R. Blake Johnson Jr. LLC has been unloading its Arizona holdings and redirecting the proceeds to buys in Washington state.
DENVER-Beacon Capital Strategic Partners L.P. picks the Texas-based company to manage and lease the the 537,000-sf, three-tower complex it bought this summer for $81.6 million from Lowe Enterprises.
BOSTON-Liberty Mutual Group expects to pay off $200 to $300 million in claims related to last week's terrorist attacks and announced that it will not deny claims based on war acts exclusions.
CHICAGO-A 29-year-old man faces up to five years in jail for allegedly making a series of 9-1-1 calls Sept. 11, claiming a jet bound from Los Angeles was headed into the side of the world's tallest building.
AUSTIN-State capital building managers today are delivering assurances to tenants that all's well inside their buildings. BOMA Austin says everything possible is being done locally to guarantee safety despite the impossibility of such a feat.