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MANSFIELD TWP, NJ-A local development partnership has re-activated plans for the high-tech/flex project, now named Riverwood Park, with 11 building sites being actively marketed. Only the construction of a 24,000 sf structure has been achieved to date.
CAMBRIDGE, MA-The New England Confectionery Company plans to relocate its manufacturing facilities from its 75-year old building here to more modern facilities. Despite speculation, plans for the company's building remain unclear.
DENVER-The city's multifamily market is healthy, concludes the latest research analysis by Marcus & Millichap's Denver office. There will be 30% fewer apartments breaking ground this year.
TAMPA, FL-The Chicago firm paid View Properties Ltd. $1.8 million or $15,000 per acre (34 cents per sf) for a 120-acre tract at Bridgewater in Lakeland, FL, one of the most active distribution centers in Florida. Lakeland is 60 miles south of Downtown Orlando. Tampa is 80 miles west of Orlando.
PORTLAND-The local chapters of the Building Owners and Managers Association, the Institute for Real Estate Management and the Society of Industrial and Office Realtors are urging their members to back a delay in the implementation of energy deregulation.
LONG BEACH, CA-A Long Beach multifamily complex secures $6-million in funding from Chicago-based Capri Capital. SoCal's rental market continues to be tight, with rates increasing on average 12.5% over the last year.
CHICAGO-Mayor Richard M. Daley wouldn't be upset if Boeing Co. chose a suburban location, as long as it meant the region beat out the Dallas/Fort Worth or Denver markets. A heavy-hitting lineup will make a pitch next week.
NORWALK, CT-Cornerstone Bank has signed a lease for 2,800 sf of space and has become the first tenant at Fyber Properties' new 128 East Ave. office building here.
HOUSTON-Willowbrook Business Center is adding Compaq Computer to its tenant roster. The corporation has signed for a 26,880-sf spot in a 38,400-sf warehouse owned by Willowbrook Business Center LP.