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MINNEAPOLIS-Chicago-based Equity Office Properties Trust expands its ready-to-work office space concept, where tenants can lease up to 2,000 sf for form a month to a year, to LaSalle Plaza in Downtown.
DALLAS-Cushman & Wakefield has promoted Elizabeth Trocchio to senior managing director in Dallas, a post that's been vacant for three months. Change is coming, she says. Retail, maybe an Austin office and uniting the Texas team are on the agenda.
ORLANDO-In what will probably amount to being the public relations coup of the year in Florida commercial real estate circles, the Chicago entrepreneur's Equity Residential Properties Trust is offering discounts with a potential value of $1,100 a year at 31,000 company units in nine cities.
AUSTIN-Sun Microsystems isn't pulling out of Austin, but is reviewing its office needs. The decision could put 107,000 sf of under-construction space at Parmer Business Park onto the city's sublease roster. Sun has tested the waters for sublease takers, its broker confirms.
PONTIAC, MI-Marketing communications firm Ideas & Images moves into remodeled offices along M-59, near the Downtown area. The company moved from a 1,000-sf office in the Oakland Town Center to 2,300 sf at 22 W. Huron.
CAMBRIDGE, MA-Zentropy Partners relocates its headquarters from here to New York. The Internet consulting company currently leases space at 1 Cambridge Center but it is unclear whether the company plans to sublet the space.
ALISO VIEJO, CA-Locally based Shea Properties has begun grading on a 277-unit multifamily project in Santa Rosa. The $44-million Acacia on Santa Rosa Creek is slated for completion in the fall of 2002.
DENVER-A 2,209-sf, mixed-use building in the hot Highland neighborhood north of Downtown sells for $351,000, about 20% less than the going rate for property in that area despite a diverse group of bidders.