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NOVATO, CA-The Tutoring Club will make its debut in newly leased space between two high schools. The building was purchased two months ago by Horizon Properties, which has plans to renovate the older center.
DETROIT-The architectural company known for many national projects promotes President Stephen Whitney to become the company's eighth CEO after Gordon V. R. Holness' retirement earlier this year.
NEW YORK CITY-The $53 million in securities are backed by 26 industrial properties down under. This rating will enable the trust to raise further funding in the form of subordinated bond debt or additional rated notes and may serve as a model for other unlisted property trusts.
BUENA PARK, CA-The five-member council voted unanimously to transfer a $3.2 million lease at the former Fedco facility to Wal-Mart. The space is located at the Buena Park Mall.
LIVONIA, MI-The school not going to use land for classrooms because of its use of the Internet, so it figures it can lease the property for about $14.8 million per year. It has received four development proposals.
TACOMA, WA-The Pierce County apartment market is hot, its office market has cooled significantly with the rest of Puget Sound and its industrial sector boasts the largest amount of new industrial construction in the region.
CHICAGO-Cushman & Wakefield and Tishman Speyer Properties brokers find an additional 76,000 sf in the 98%-occupied 55 E. Monroe St. for electric power industry consultant Sargent & Lundy. Not only does it top the Boeing deal, it's the largest lease signed in Downtown this year.
LOS ANGELES-The 12,700-sf office and retail center has been sold to a private investor. The art deco facility is distinct in that it is designed to look like the front end of a pink Cadillac. It was 60% occupied at the time of sale.
NEW YORK CITY-The School of Visual Arts here will expand its Midtown Campus in January when construction is complete on a 22-story, mixed-use complex that will be used as student housing with a street-level retail component.