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LOS ANGELES-The law firm of Winston & Strawn takes 50,000 sf in Wells Fargo Center through 10-year deal valued at about $15 million. After suffering throughout much of the 1990s, the CBD now appears to be on its way back.
HOUSTON-Stewart Title has taken title to Closing Corp. of America in Houston. The entire staff of the 12-year-old relocation and closing services firm is coming on board at Stewart's National Title Services division.
BIRMINGHAM, AL-A $3.5 million gain on the sale of property in second quarter 2000 caused the Alabama-based REIT to show net income of $7.3 million or 35 cents per share versus $9.4 million or 44 cents per share in the first quarter of this year. The firm's quarterly conference call is at 1 pm today (July 31).
ORLANDO-Although occupancy is up by four percentage points from year end 2000 to 93.6% and demand remains strong, only seven apartment properties were sold in the first half, six of them class B assets, a new analysis by the Orlando office of CB Richard Ellis shows.
NEEDHAM, MA-Key3Media Group Inc. leased 98,277 sf of office space here at 117Kendrick St. in Cutler Lake Corporate Center. The transaction is good news in an otherwise quiet market here, where potential tenants have largely adopted a wait-and-see attitude.
TULALIP, WA The lawsuit, filed in U.S. District Court in Seattle on July 18, seeks to stop construction, including work on a new $72-million casino, until an environmental impact statement is completed.
LONDON-Duke Street Holdings has put the landmark Billingsgate fish market in the City on the market. The Thames-side Victorian building was refurbished as offices in the 1980s and leased to Citibank but never occupied.
WALTHAM, MA-Spectrum Financial Corp. will merge with Philadelphia-based Legg Mason Real Estate Services. The 30-year-old Spectrum will continue to operate out of its offices in Watermill Center here, under the name Legg Mason Real Estate Services/Spectrum Financial.
MONTVERDE, FL-The state contends, however, it has no documentation to support allegations that Palm Coast, FL developer Bobby Ginn plans to erect his estimated $75-million, mixed-use Pine Island development over six Timacuan tribal sites.
PHOENIX-In a $5.5-million lease, LandAmerica Financial Group has secured 38,742 sf in a premier Phoenix office building. Four LandAmerica affiliates will be consolidated come December, when some $500,000 of tenant improvements wrap up.