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SAN RAMON, CA-IMX president and CEO Richard Wilkes says this is the last round of funding before profitability, which is slated sometime before the end of next year. The lead investor in the round was Hummer Winblad Venture Partners.
SUGAR LAND, TX-Kent Electronics is expanding its operation in the Sugar Land Business Park. The firm is undertaking a 150,000-sf office project so it can relocate it headquarters from southwest Houston to Ft. Bend County.
HOUSTON-Extrusion Technology inks a deal for 142,000 sf of industrial space for a manufacturing site in the 80-acre Continental Emsco facility. The company is a supplier of titanium and other specialty steels.
CHICAGO- Grubb & Ellis has been retained by the Management Company of Alpha and NEO Parks of Cleveland to provide brokerage services for more than 1.2 million-sf of space at the two parks.
SEATTLE, WA-J. Peterman's 2-year-old Pacific Place store in downtown Seattle is closing, along with all the company's shops across the nation. The closures are part of a Chapter 11 reorganization in which the company will refocus on catalog retailing.
MENLO PARK, CA-The 71-year-old artistic mecca known as the Allied Arts Complex could have been sold for at least $5 million. Instead, at least that much will be invested in its restoration.
LINCOLN PARK, MI-The City Council has agreed on a plan by developer Simeon Services for new condos and retail in a major overhaul of Downtown area. The agreement was signed after the city council dropped Surnow & Co.
SALEM, OR-With vacancies rising and a record amount of space coming online, the development pipeline is shrinking and developers prepare for a soft market. Vacancy rates for retail also rose during the third quarter.
WASHINGTON, DC-District of Columbia officials have set new restrictions on data centers, arguing they need to prevent large windowless buildings from turning promising undeveloped land into dead zones.