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PHOENIX-An area of the Valley that has been the most active for office development during the past two years is getting yet another speculative project.

BOSTON- FleetBoston Financial Corp. says the low-growth business would fare better in the hands of a larger firm such as Washington Mutual Inc. The company will continue to originate loans, which will be serviced by Washington Mutual.

ATLANTA-The new owners of Floyd Medical Center report diluted earnings per share from operations for Tenet Health Care Corp. of Dallas rose to 60 cents from 48 cents per share.

WASHINGTON, DC-While office vacancy rates in the District held at 3% in the first quarter, the economic downturn has apparently hit Northern Virginia and Maryland, according to a C&W study.

LOS ANGELES-A state agency and a law firm ink separate pacts at Shidler Group's Pasadena Office Tower. Agreements are worth a combined $1.6 million.

AUSTIN-Four leases, including a renewal, recently have come down the pike. Applied Material has signed for the largest spot in a 13,550-sf renewal at Southpark in the city's southern corridor.

SAN DIEGO-On the heels of announcing a $41.25 million earnings loss, Burnham Pacific today followed up with another announcement: the REIT closed a nearly $200-million deal with Weingarten Realty Investors for the sale of 19 shopping centers.

CHARLOTTE-Three of the fastest-growing counties are in North Carolina, according to U.S. Census data. State zoning laws for development are encouraging the growth.