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MORRIS TWP., NJ-Some 81,000 sf of space remains at the new Mt. Kemble Corporate Center after the company leased 40,000 sf in the two-tower, 220,000-sf class A property.
NEW YORK CITY-Jonathan Rudes, president of Delphi Real Estate Advisors LLC and co-chair of the Real Estate Technology Forum, tells GlobeSt.com brokers here are reluctant to jump aboard initiatives that require sharing information.
COLUMBIA, MD-The local REIT that focuses on suburban office properties has declared five different dividends to be paid to shareholders. All will be paid to shareholders of record as of June 29,2001.
SAN FRANCISCO-The Mission Bay Project is going ahead with a 275,000-sf building despite the soft market, but another 150,000 sf building there has been put on hold. Catellus vows to keep the project moving despite the market downturn.
LOS ANGELES-The President tells an angry governor that the feds won't limit prices energy providers can charge for power. Separately, a federal appeals court rejects an effort to force government intervention.
ORLANDO-Robert W. Miller, senior vice president, CB Richard Ellis Inc., Orlando, says deals are being done faster using the Internet but they are not closing in cyberspace. Michael Heidrich, a vice president at Realvest Partners Inc., flatly rules out Web deals.
SUNRISE, FL-Owners of industrial-warehouse properties show some signs of acceding on sale prices amid an increase in the number of available larger sites in this southwest Broward County submarket 26 miles north of Miami.
HOUSTON-A valve manufacturer and a tire supplier have found new warehouse spots in the city. The two deals total 17,997 sf in the ongoing race for Houston's industrial space. Nutron heads to northwest Houston and Big State Tire goes to a northern suburb.