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MAMAKATING, NY-At an event to acknowledge a $40 million investment by Kohl's retail chain here, New York Governor George Pataki reported that a section of Sullivan County has been designated an economic development zone.
SAN DIEGO-Shidler paid $1.7 million for the two-building complex and plans to spend $2 million to convert in into a biotechnology facility. Right after the sale it signed a biotech research firm to a $5.4 million, seven-year lease.
QUINCY, MA-Wells Real Estate Investment Trust acquired an office building here at 1200 Crown Colony Dr. The 234,668-sf building, leased to SSB Realty, an affiliate of State Street Corporation, is Wells REIT's first foray into the Boston market.
DETROIT-Ford Motor Co.and city officials will be on hand to witness the unveiling of $3.4 million worth of renovations, including a new 500-seat performing arts theater and community room, on Aug. 8.
IRVINE, CA-Samsung Electronics America Inc. takes 51,263 sf at the Park Place Office Campus for five years. Samsung is the second tenant to take space at the office complex in the past month.
NORTH ANDOVER, MA-Lucent Technologies is planning to use contract manufacturers for a large part of its Merrimack Valley operation. The plan involves outsourcing approximately 1,800 jobs. The fate of the facility here is still unclear.
GRAPEVINE, TX-The developers of Silver Lake Centre in Grapevine are close to signing a high-end retailer for 19 acres near Opryland and courting hotel developers for a 15-acre site that are willing to form an alliance with the neighboring conference center.
NEWARK-The utility, a longtime corporate presence in New Jersey's largest city, has taken two more floors at 80 Park Plaza. GVA Williams and Cushman & Wakefield were the brokers.
ARLINGTON, TX-A Pennsylvania auto glass company and a Houston-based ice cream company have setup their first distribution centers in the Dallas-Ft. Worth metroplex. The Great Southwest deals also brings an expansion for an Arlington packaging company.
NEW YORK CITY-Second quarter earnings came in at $699,000, down from $735,000 in Q2 2000. Nonetheless, earnings per share rose 21% over last year thanks to the firm's stock repurchase program.