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THOUSAND OAKS, CA-Baxter Healthcare takes 60,000 sf for 10 years at Conejo Spectrum Business Park. Local vacancy rate for such industrial and R&D space is only 4%.
WASHINGTON, DC-It may seem like Atlanta-based Xpansion Labs is operating in a stealth mode. But not to real estate pros seeking GSA's property inventory data.
AUSTIN-Local economist Angelos Angelou tells real estate professionals to make the most of its economic downturn and aggressively market itself to places like California. An upswing isn't expected until Q2 2002 so it's time to place controls on future supply.
ATLANTIC CITY-It is costing $330 million and is opening three months late, but the tunnel portion of this city's Boardwalk-to-Marina Connector makes its debut today with much hoopla.
STAMFORD, CT-The diversity of the tenant base in Westchester was a key reason why the slowing economy failed to produce a significant downturn in the county's office market in the second quarter.
FARMINGTON HILLS, MI-The retail owner and developer reports increases in revenues and funds from operations for the second quarter as well as the first six months of the year.
CLERMONT, FL-Five hundred signed petitions from Lennar-owned Kings Ridge community convinced the city council to reject the Miami-based homebuilder's plans to build a 258-unit multifamily structure at an estimated $25 million for elderly tenants.
ATLANTA-Locally based Integral Group is paying Copa Inc. $4.4 million or $2.59 million per acre ($59.42 per sf) for a 1.7-acre parcel near Centennial Olympic Park where it plans to build a $47.5-million, 385-unit, twin-tower multifamily/retail complex.
DETROIT-More than 2,000 state employees are packing up from the Labor and Plaza buildings, as well as other sites around city, as they prepare to move into Cadillac Place, which has undergone a $116-million renovation.
SECAUCUS, NJ-The developer wants to build a shopping center on a 35-acre Meadowlands site, but needs an access road through property owned by Hartz, which may have retail plans of its own.