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NEWARK-After giving up its Manhattan headquarters space to Credit Suisse First Boston, the insurer is searching for a place to move most of its employees. MetLife's moving day from its current location is Nov. 1.
NEWPORT BEACH, CA-HCPI took a two-year hiatus from investing due to market conditions and a mega-merger. Now the REIT has purchased $21 million in assets during the first quarter of 2001.
DENVER-The capital's in place for locally based Amstar to pick up more than $300 million in extra holdings this year. A $100-million credit line has been secured to advance the buying strategy for the firm, already title holder to properties worth more than $700 million.
NEW YORK CITY-The trusts invest in single-tenant commercial properties. Three of the four have delivered higher dividends over the previous quarter since their inception.
SAN ANTONIO-Retail rental rates have finally leveled off after a long escalation period. The playing field's been tempered by new construction, which for awhile could barely keep pace with demand. But there's no standstill; more product is coming.
BLOOMINGTON, MN-The shutdown probably cost the 500-plus stores more than $1 million in lost sales at the nation's largest shopping mall. The last significant closing was during weekend power outage in June 1994.
NORWALK, CT-eLEC Communications Corp. announces that it has opened its new 45,000 sf customer contact center at its soon-to-be corporate headquarters location at 543 Main St. in New Rochelle, NY.
UNION CITY, NJ-The locally-based Hanrock Group, a commercial and residential owner/manager, buys buildings totaling 95 units to increase its portfolio to 45 buildings with more than 1,400 units.