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BOSTON-The Fan Pier project, the largest hotel, office and residential project ever proposed for the South Boston waterfront, files its final plans with the state. The project's residential component has been increased, but there will be delays in the development of its 650-room hotel.
SAN ANTONIO-The city's 11th Popeye's restaurant will open at 3100 Broadway in the northeast submarket while Twelfth Street Warehouse is heading to a 7,000-sf spot in the southern tier. Grubb & Ellis brokers in San Antonio have closed the deals.
DENVER-Tenants needs are changing in the northwest corridor. The latest report puts the open space at 32.5%. A year ago, high-tech tenants sought 30,000 sf to 50,000 sf. Today they're looking for 10,000 sf to 20,000 sf.
MINNEAPOLIS-As users feel the economic slump, new construction has come to a "virtual halt" in the Twin Cities while the overall industrial vacancy rate has climbed to 11.4%, according to a new report from United Properties.
NEW YORK-The owners of an East Harlem nursery operating under a short-term lease for the last 14 years finally can stand on their own ground. The city has sold the 12,000 sf property to its longtime tenants, who now are planning major improvements to their business.
DETROIT-The new air terminal will be completed in December but Northwest Airlines and Wayne County decided to postpone opening day until January 20 to avoid the crush of Christmas travelers. The new facility will be able to process 3,200 passengers per hour.
SAN PEDRO, CA-Chicken of the Sea International will shut down its plant here on Terminal Island and convert it to a warehouse. Company will move the operation to America Samoa, where tuna and inexpensive labor alike are more plentiful.
BELLMAWR, NJ-The new and renewal agreements involve six different companies, ranging from a manufacturer of trade-show displays to a direct-mail-fulfillment house.
COLORADO SPRINGS-Bought in 1999 for a little less than $8.5 million, the 113,000-sf One Gateway Plaza has reaped a 47% return for AG Real Estate Funds. A Triple Net Properties affiliate has just paid $12.5 million to AG and partner Amerimar Enterprises.