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ANDOVER-Quantam Bridge Communications leased a 106,000 sf office building here at the River Road interchange, bolstering Route 495's growing reputation as a haven for high tech. The company is moving due to its rapid growth.
SOMERVILLE, MA-Cathartes is selling its telecommunications centers here despite its previous intentions. The city's approval for development demonstrated its interest in entering Boston's real estate market.
YORBA LINDA, CA- Home-design center pays $5.3 million for two buildings on the same property. Company has been a tenant in the smaller of the two buildings.<p>
HOUSTON-Trammell Crow beefs up its Houston portfolio, buying the 101,456-sf Sterling Plaza from TCP Sterling Partners. The six-story glass structure is from the city's building heyday of the early 1980s.
DENVER-Arrow Electronics buys a 44-acre parcel, paying $10 million for a site that neighbors its corporate headquarters. The seller had paid $3.37 million 1-1/2 years ago and had been planning to build a 450,000-sf building.
SANTA CLARA, CA-Although Silicon Valley saw one million of new space come online during the third quarter, it barely made a ripple in the space-starved local commercial market, according to the latest report by Commercial Property Services.
SAN FRANCISCO-With K being clobbered and L being narrowly defeated, it's beginning to look like Proposition M - a 1986 measure that restricts annual office construction to 950,000 sf - will remain in place indefinitely.