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ORANGE COUNTY, CA-Opponents of converting the closed El Toro Marine Base into a commercial airport hit the streets again, hoping to get the issue on next spring's ballot. The group tore up their own petitions twice before after finding legal flaws.
ST. PAUL, MN-The Hay Dobbs architecture, urban design, planning and interiorsfirm will work on a project aimed at revitalization of about 20 buildings along University Avenue from the Minneapolis border to the Capitol campus.
NEW YORK CITY-Leasing activity in Manhattan's office sector will slow down, but the market will remain healthy in the short term, according to Marcus & Millichap's latest office market research report.
NEW YORK CITY-For the fourth week in a row, the RMS has closed at a record high, over 400 for the first time. Despite that stellar performance, however, the 30-day trading volume for real estate mutual funds slipped, as did the average dividend yield for the RMS.
PALM BEACH GARDENS, FL-A newly formed subsidiary of locally based Correctional Properties Trust is using the proceeds to finance the acquisition and refinancing of two North Carolina prisons. Palm Beach Gardens is 73 miles north of Miami.
HOUSTON-Smaller freestanding warehouses are hot tickets in Houston, says a Grubb & Ellis broker who has inked two more pacts in the steadily growing trend. The tenants have inked deals for a total of 22,000 sf and terms of five and three years.
HOUSTON-Weingarten Realty has acquired another southeastern US shopping center and one that marks its ownership inroad into North Carolina. It already has a development partnership and Raleigh office up and running. Logically, it's time to start buying.
LIBERTY CORNER, NJ-The air conditioning giant will reduce its workforce by a total of 800 positions, mostly by closing a plant in Maryland. Some production is slated to be moved to Asia.
SPOKANE, WA-The international company acquired locally based American Electronic Sign Co. late last year and renamed it 3M Dynamic Message Systems. Now it's expanding en route to new products.
DENVER-The refinance deals include a 24-month floating rate bridge loan for $6.2 million for Plaza 6000, a 104,000-sf office building at 6000 E. Evans Ave. The other deals are in Columbus, OH and Silver Springs, MD.