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SOUTHBOROUGH, MA-Advance Realty Group acquires 286, 650 sf in office properties here and in Westborough. The company plans to acquire more than $500 million in value-added properties in the Northeast corridor over the next two years.
HILLSBORO, OR-With the first building already spoken for in its brand new 27-acre corporate park, the local development company is seeking permits for another three buildings, including a 40,000-sf speculative project that should break ground this year.
ALBANY-Among the recipients of nearly $1.8 million in state funding handed out by Governor George Pataki is the city of Beacon, which has secured $346,300 to help revitalize its Beacon Landing Waterfront district.
PLEASANTON, CA-Cisco buys two of the three buildings in the Lincoln Centre complex here, but is delaying a land purchase in Dublin and abandoning its search for more space in Petaluma as it prepares for an extended slowdown and some 8,000 layoffs.
CHERRY HILL, NJ-MeriStar Hospitality Corp. moves the 200-room Four Points Hotel by Sheraton to Growth Properties of Philadelphia, which quickly puts the South Jersey property under the Clarion Hotel banner.
ATLANTA-The company's chief operating officer and former head of Boston Financial Group will direct the $35 billion asset firm's global operations from Atlanta.
CHARLOTTE-City rushes to finish new proposal after legislators kill referendum bid. But the clock is ticking as the April 5 deadline approaches for lawmakers to approve a bill.
HOUSTON-The listing agent says calls are pouring in about a 5,600-sf building and less than a half acre that's come to market in the CBD's Midtown corridor. A family estate is hawking the property that is considered a high-value deal due to its location.
WHITE PLAINS-Reckson Realty Associates reports that it has secured three lease deals that have brought its 100 Grasslands Rd. building in Elmsford to almost 100% occupancy. It also leased 11,092 sf in its Valhalla office park.