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PHOENIX-A partnership has closed on its $85-million purchase of a 7,100-acre swath of land in the far northwest Valley, where the partnership plans to build a master-planned community.
AUSTIN-The lease is small now, but it is destined for expansion, says a Henry S. Miller Commercial broker whose client is opening its Americas headquarters today. The Preserve at Bee Cave signing is an inroad for more space.
SAN FRANCISCO-More than 800,000 sf of sublease space is back on market and vacancy rates are expected to climb from a Lilliputian 2% in Q3 to more than 8% by the end of March, but researchers say 'the sky is not falling.'
LAS COLINAS, TX-The long wait's over for NEC America's corporate and support staffs in Las Colinas. Five offices have been folded into one with today's opening of a $100-million, 550,000-sf corporate campus, a project in the making since August 1999.
KANNAPOLIS, NC-MarkPierce Co. and the city of Kannapolis, 30 miles northeast of Downtown Charlotte, are planning the project on Kannapolis Parkway, about a mile from the new Interstate 85 interchange, south of Kannapolis.
PLANTATION, FL-The international air express carrier is vacating offices in Fort Lauderdale for new quarters at the Crossroads Business Park in Plantation, 24 miles north of Downtown Miami.
REDMOND, WA-With one $90-million apartment project already underway in the Belltown district of downtown Seattle, Legacy Partners is back in the permitting process for a mixed-use project on the shores of Sammamish River.
SAN FRANCISCO-In addition to showcasing SMED International's 'flexible high-tech office,' the conference will analyze how communication has changed, discuss what it means for building owners and explain how to install, upgrade and maintain the right infrastructure to serve the demands of today's tenants.
ISSAQUAH, WA-The buyer is not yet known, but real estate sources say the estimated $40 million deal is expected to close in about a month. The property's loan tenant is Microsoft, which last week notified Issaquah City officials it is delaying its office project in the Issaquah Highlands.
ORLANDO-Florida's largest business brokerage taps the state's northeast market with new operations in Jacksonville. The 15-year-old locally based firm did $28.9 million in sales last year, selling a range of privately-held business, including many with commercial real estate assets.