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TEWKSBURY, MA-A local committee examines a land transfer proposal that involves swapping a 19-acre parcel owned by Tewksbury hospital here on Livingston Street for 25.4 acres of private land that adjoins the hospital land.
FRANKLIN, MA-This town hopes that a proposal to transform an old furniture store into a regional theater will help its Downtown revitalization effort. The 15,000-sf building has been sitting empty for years.
RANCHO CUCAMONGA, CA-The two-building project encompasses 80,000 sf. The complex, situated close to Ontario International Airport, is approximately 85% occupied. Tenants include Wadell & Reed, the San Bernardino Credit Union, Farmers Insurance and Washington Mutual
THE WOODLANDS, TX-Another corporation is moving its headquarters to the Woodlands, signing for a 13,000-sf spot for offices and a technology center. Atlanta-based Mineral Resources Technologies will complete the relocation by late September.
FRANKLIN TWP., NJ-The 16,400-sf professional building, which is leased primarily to medical tenants, was sold for about $122 per sf. Neither the buyer nor seller were named.
HOUSTON-Veteran executives David W. Hightower and David L. Lane have been promoted to executive vice president roles with the Wolff Cos. Hightower has been with Wolff for 21 years and Lane, 13 years.
ECORSE, MI-National Steel Corp. gives 21-acre Mud Island in the Detroit River to the US Fish and Wildlife Service, spurning developers who wanted to build marina or high-rise office projects.
MIAMI-A new South Florida market survey projects an overall increase in asking rents for industrial-warehouse space through the end of the year, though the average vacancy rate also is expected to rise.
LAKE CONROE, TX-Retail development has finally headed north to the Lake Conroe area. With residential going strong, two shopping centers, totaling 185,000 sf, are coming out of the ground. Both are grocery-anchored.