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PHOENIX-A real estate investor is using the reimbursement he received when his building was demolished in the 1995 Oklahoma City bombing to purchase a Phoenix industrial building for $12.2 million.
PLANO, TX-Broadband Gateways has its 2001 strategy in full swing, as build out continues on a 29,000-sf expansion of its lease at Park Ventura Office Center. As the company gradually moves into the space, the park developer is excavating for a third building and full build out.
HOUSTON-A recommendation has come in that the Houston-based United Investors Realty Trust seeks a buyer in a move to up shareholder value. The REIT's CEO says the option will immediately be explored.
ST. PAUL, MN- Benitez Rosario Matias will receive $500 from the Mid-Continent Chapter of the Society of Industrial and Office Realtors and the Society of Industrial and Office Realtors Educational Foundation.
STAMFORD, CT-FLAG Venture Management LLC will relocate its headquarters office from Stamford Landing to 12,188 sf of space at Soundview Plaza, according to officials with W&M Properties.
DETROIT-The largest among the new projects are a three-building, 250,000-sf complex at I-75 and 14 Mile Road in Troy being developed by Becker Ventures and the 112,000-sf Plymouth Green development in Ann Arbor.
SAN FRANCISCO-The San Francisco Board of Supervisors is expected to back a six-month moratorium on loft development, a measure passed unanimously by the Supervisors Housing, Transportation and Land Use Committee last week.
HYATTSVILLE, MD-The National Center for Health Statistics currently leases space in Prince George's Metro Center. Construction of the building will bring the entire complex's space inventory to 1.4 million sf.
AUSTIN-USOL Holdings has struck its second deal with Chicago-based TVO Realty Partners. This time, the multifamily pact is for Austin's 504-unit Lakeview. With 76 properties in TVO's portfolio, more deals are sure to follow.