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THE WOODLANDS, TX-A series of land buys will add to the retail line-up at the College Park Shopping Center. The eight new retailers are coming to a high-traffic market that big boxes say is producing strong sales.
CUDAHY, WI-Freehold, NJ-based Monmouth Real Estate Investment Corp. buys a 114,123-sf industrial building in this Milwaukee suburb. The building is net-leased to FedEx Ground Package System, Inc. for 10 years.
DOUGLASVILLE, GA-The telecommunications firm is leasing the single-story building, 25 miles east of Downtown Atlanta, for 15 years. The deal is one of the largest in metro Atlanta this year.
CAMAS, WA-With its existing 1-million-sf facility running with plenty of excess capacity for the time being, the contract semiconductor chip manufacturer says it is laying off 25% of its workforce and shelving plans for a new facility on its Camas campus.
FAIRBURN, GA-The multimillion-dollar, gas-fired Williams Pipeline Co. project will be located on 230 acres 20 miles south of Downtown Atlanta. Permitting for the site is under way with tentative completion set for 2004.
FARMINGTON HILLS, MI-The retail REIT with more than 40 retail properties sees increased revenues and net income but continues paying a lower dividend, and lower payout rate, than it did last year.
WHITE PLAINS-Officials with Newmark & Co. Real Estate say that Westchester County's office market is weathering the current overall economic slowdown and continues to see asking rents rise in early 2001.
SAN DIEGO-The development firm owned by San Diego Padres owner John Moores has halted construction on a new Westin hotel Downtown until the city issues $225 million in bonds, its share of new ballpark's total cost of $450-million.
ATLANTA-Legendary singer Tony Bennett will be the featured performer at the May 3 dinner and live auction at the Hyatt Regency Hotel sponsored by the 300-member Commercial Real Estate Women of Atlanta. CREW has raised $850,000 to date for the Atlanta Women's Fund that aids homeless and battered women and children.
CHARLOTTE-The locally based firm's new technology has four integrated modules that can be customized for brokers, mortgage bankers, lenders and financial institutions.