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CHICAGO-Two lease deals are completed for Downtown space. Minneapolis-based Ceridian Corp. takes 7,825 sf at 222 Riverside Plaza while Burbank, CA-based Warner Brothers takes 4,653 sf at 444 N. Michigan Ave.
RICHFIELD, MN-Despite a holdout, Best Buy wants to move ahead with a $160- million, 1.5-million- sf complex. A judge has ordered the auto dealer vacate the property by June 15.
SAN ANTONIO-Nearly 18 months of flat office rents will come to an end this year, predicts Grubb & Ellis in its latest report. Office service center absorption now dominates 90% of the city's industrial market. These and more positive signs point to a solid 2001 for the city.
GILROY, CA-The overture by Gilroy's Mayor to Calpine comes on the heels of San Jose's rejection last fall of a Calpine's proposal for a new plant near Cisco's planned 20,000-worker headquarters campus in North Coyote Valley.
LENEXA, KS-The office park's first tenants, George Butler Associates, will move in this spring. With the Sisters of Charity of Leavenworth Health Systems leasing the first floor, occupancy is at 90%.
ATLANTA-In what supporters say is an effort to encourage economic development and investment by New Economy businesses, the Georgia Senate has approved Senate Bill 208 allowing the electronic purchase and home delivery of alcoholic beverages.
LOS ANGELES-Brokers tell GlobeSt.com that group advised by J.P. Morgan Chase is offering more than $240 million for the landmark Santa Monica office complex. Owner confirms interest from several parties, but wants to keep options open.
SANFORD, FL-Seminole County commissioners are being lobbied to reject the REIT's bland design of the 25-foot-high structures because they allegedly don't blend in with the 134-home Tall Trees wooded community, 25 miles north of Downtown Orlando.