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CHELMSFORD, MA-The telecommunications industry claims yet another victim as Sycamore Networks, headquartered here, plans to lay off 140 workers and slow down its plans for a campus on a 100-acre parcel it purchased in Tyngsborough.
FLORIDA, NY-Governor George Pataki and Kmart officials report plans by the retailer to build a 1.6-million sf distribution center in Montgomery County, the largest private investment ever in this area.
KANSAS CITY-International engineering firm Burns & McDonnell announces promotions of four employees to the rank of associate vice president while Junk Architects PC hires three architects and two interior designers.
HOUSTON-A vintage clothing reseller, World Clothing Corp., has leased 18,000 sf of warehouse space in the city's eastern corridor. The new location is part of a 200,000-sf, multi-tenant warehouse park along Wallisville Road.
DENVER-A well-known bakery chain in California will open its first location in Denver within the next two weeks. It's the first bakery outside Il Fornaio's homeport. The 13,500-sf location already is lining up a new wholesale customer base.
PHOENIX-A national homebuilder outbid three others, with a bid of nearly $53 million for a parcel in north Phoenix, the highest price ever paid for state trust land.
SAN FRANCISCO-AMB revealed for the Securities and Exchange Commission this week its expected income from acquisition fees, management fees and other arrangements related to recent deals with the city and county's retirement system and the government of Singapore.
PORTLAND-Although no tenants have been signed, the developers say interest is strong in the 120-acre mixed-use project said to be the only development opportunity in the country offering immediate access to two interstate highways, light rail and an international airport.
DURHAM, NC-Property Reserve Inc. of Salt Lake City pays Quattro Mid-Atlantic Resources II $39.43 per sf for the 294,228-sf, 100%-leased asset located on the edge of Triangle Park. Durham is 150 miles northeast of Downtown Charlotte.