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HOUSTON-Nippon Oil Exploration has renewed its corporate headquarters lease. The firm occupies 18,333 sf at the class-A San Felipe Plaza. Equity Office Properties owns the prestigious 959,000-sf building in the city's West Loop.
PHOENIX-Arizona's jobless rate rose slightly during January, a trend that could continue given the recent news that two more Valley businesses plan to lay off as many as 700 employees.
ORLANDO-George D. Livingston, founder/chairman of Maitland, FL-based Realvest Partners Inc., thinks Orlando area commercial real estate companies are working diligently in showing little or no bias.
CHICAGO-An online business-to-business e-commerce firm with the backing of Kraft, Quaker Oats, Sara Lee and the William Wrigley Co. locates its headquarters at 10 S. Riverside Plaza in the West Loop.
FARMINGTON HILLS, MI-The transaction includes more than 200,000 sf of retail and office space in the Ann Arbor, Oxford Township and Orion Township locations. Larry Harwood of Lutz Capital arranges the financing.
ALEXANDRIA, VA-AvalonBay Communities has announced several key management changes. Blair will take over as president and CEO, while Michaux will move from chairman and CEO to executive chairman.
PARSIPPANY, NJ-Long rumored during the takeover process by Cendant Corp., the pending move from Long Island, NY to 386,000 sf here was announced just as the acquisition closed. The jobs involved total 300 or more.
SPARTANBURG, SC-The locally based engineering and construction firm has a contract to build a power plant in Brevard County, FL for Constellation Power Source at an undisclosed cost, according to a published report. Commercial operation of the plant is expected to begin in June 2002.
MIAMI-The Florida Association of Realtors has a similar contract with the Utah firm, enabling 65,000 agents to earn a fee each time they originate a mortgage.