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NEW YORK CITY-A condominium conversion is planned for 636 Pacific Street, a 50,000-sf building in downtown Brooklyn. This is the first sale of the building since its construction 70 years ago.
DENVER-The Denver team for Dallas-based JPI has structured a home-buying program that enables tenants to build up reserves via monthly lease payments. The BEST program is only available to JPI residents in six states, but more will follow as success builds.
DALLAS-Arledge/Power Real Estate Group and Perkins & Will have picked up two leading executives from their competitors. Arledge/Power gets an Ernst & Young manager and the architectural firm snags a VP from HKS Inc. in Dallas.
SUTTON, MA-Bay State Moving Systems Inc. will consolidate its offices and warehouses, which now are spread throughout Worcester and Millbury, at South Commerce Park. The project is scheduled to be completed by mid-December.
NEW YORK CITY-Glen C. Thompson brings business reporting expertise to the Northeast market as GlobeSt.com solidifies its position as the leader in Web news for the commercial real estate community.
LOS ANGELES-The 118,762-sf facility is the third office property to be sold in the county in the past week. Together, the three transactions total more than $55 million in sales activity.
WASHINGTON, DC-A new survey shows that office markets have responded more quickly than expected to the country's economic woes. Overall office vacancies rose over the last six months, with high-tech areas taking brutal hits and occupancy rates expected to decline through year-end.
ST. PAUL-Competitor Movie Gallery has presented Video Update with a reorganization strategy that provides cash and debt forgiveness. Come Sept. 11, the plan goes before the Delaware Bankruptcy Court to weight the proposal's merits.
VANCOUVER, WA-An existing proposal addresses design requirements related to the visual impact of towers and suggests a new review process that would make siting harder in residential areas and easier in industrial areas.