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BOSTON-The cost of the Big Dig, the massive highway construction project in the heart of the city, goes up again and could go up even further in the coming weeks. Both the federal and the state legislature will not provide any more funds for the project.
RENTON, WA-About 1,000 engineering employees are moving from various buildings in Renton to its BOMARC Building in Everett. The Renton space will be backfilled by workers forced to abandon buildings damaged in the February earthquake.
SAN DIEGO-NorthMarq Capital's San Diego office has finalized a $4.8-million financing for PCR LP, an entity of Parrma Properties. The deal is for the fully leased Mission Corporate Center, a 54,929-sf office building along Mission Gorge Road.
HOUSTON-The Finger Cos. is turning over high-speed Internet and cable TV hookups to to US OnLine for the 334-unit Park Memorial Apartments in Houston. The deal adds 668 passings to the high-tech provider's growing multifamily portfolio.
PORTLAND-The three-story brick building is owned by Peter Nathan and family. Venerable Properties will oversee the estimated $5-million renovation, and is currently conducting a feasibility study for one or two additional stories.
SAN DIEGO-Pacific Tower in San Diego is the new location for a Southwest Eyecare Center surgical center in a five-year deal valued at more than $1.7 million. In San Marcos, Cingular has cut a 10-year deal, valued at $514,000, for the Home Depot Center.
JERSEY CITY-The financial services company will move its asset management division out of Manhattan, picking Harborside Financial Center over SL Green's Times Square area building.
SAN MATEO, CA-The office and industrial REIT's results are down 15% from the same quarter in 2000. The company is shedding its retail real estate as part of a larger capital redeployment program.
TEMECULA, CA-The first phase to a $25-million destination resort, being developed by the Pechanga Band of Luiseno Indians, is on schedule for a fall 2002 delivery. The initial stage, kept quiet until now, will see some 700 workers on site at peak construction.
TAMPA, FL-Lawrence Randolph is leaving his Randolph Equities Inc. firm to be senior director of investment services at the St. Joe Co.-owned brokerage. Tampa is 80 miles west of Downtown Orlando.