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SAN DIEGO-The Alden Farris Auto Body Center has changed owners in a sale that brings a little more than $1 million for seller, the James B. and June M. Taylor Trust. The buyers plan to retain the 10,000-sf facility as a vehicle repair service.
PHOENIX-The slowing economy has finally hit the retail market, where vacancy is up a full percentage point from last year at this time. The 6.1% rate comes with negative absorption in four of nine submarkets, according to Grubb & Ellis' latest Arizona report.
LONDON-Two airport-related logistics companies have taken units totalling 75,000 sf at Slough Estates' North Feltham Trading Estate near Heathrow Airport. Slough now owns nearly one million sf in the area.
PETALUMA, CA-Basin Street is swapping its single-story, 71,000-sf Lakeville Corporate Center at 2090 Marina Ave for Legacy Marketing Group's one-story, 53,970-sf office building at 1179 N. McDowell Blvd.
DENVER-The Hotel and Restaurant Employees Union Local 14 wants to put the city's decision to fund $55 million of the cost of a proposed $220-million, 1,100-room Hyatt Regency Hotel on the ballot.
BEDFORD, MA-The Massachusetts Port Authority intends to clear vegetation on land near Hanscom Field, a local airport whose land abuts this town and Lexington, Lincoln and Concord. But the local conservation commissions want more of a say in the agency's Veggie-Management Plan.
HOUSTON-Houston Northwest Medical Center has sealed a 34,846-sf lease for an eight-story Koll Bren Schreiber building in the city's Northwest submarket. The tenant is an affiliate of Tenet Healthcare Corp., based in Santa Clara, CA.
TUKWILA, WA-Loews Cineplex Entertainment, which filed for bankruptcy in February, owns the 1,228-seat theater, which will likely be razed in favor of a restaurant called Bahama Breeze.
LONDON-Research from the Royal Institution of Chartered Surveyors reckons that the dark days of the early 1990s will not come back to haunt the UK housing market.