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MIAMI-The locally based developer of Internet infrastructure and provider of managed services signs a binding contract with the company's senior management to divest an operating unit for an undisclosed price.
WASHINGTON, DC-National Association of Realtors' chief economist, Dr. David Lereah, expects housing sales to increase 2.5% this year, for new home sales to hold steady and housing starts to increase 0.9%.
WEST ORANGE, NJ-The owner and operator of multifamily real estate properties acquires its first two complexes in the Pennsylvania market and sets its sights on increasing its profile in the eastern part of the Keystone State.
VANCOUVER, WA-Roads and utilities for Birtcher Business Center are slated for completion in the summer of 2002, as are the development's first 200,000 sf of buildings. It is planned as a strictly industrial version of AmberGlen Business Center in Hillsboro.
AUSTIN-A San Diego-based wireless operation has opened temporary offices in the state capital as it continues to search for permanent space. The company plans to use part of a $50-million second funding to fuel the new location.
WAUKEGAN-Martin Tuohy's University Station plan would be a "smart growth," self-contained community replacing a moribund shopping center here with new retail, office, educational, entertainment and condominium uses.
HOUSTON-Kirksey, an architectural firm, and general contractor Southwest CM and E pooled talents to create a 99,000-sf casino-arena for the Kickapoo Tribe of Texas. Construction is under way, with completion slated for late fall.
GREENWICH, CT-Newmark & Company Real Estate Inc. has been appointed exclusive leasing and managing agent for 1 East Weaver St., also known as the Osprey House, here by American Capital Group.
CHARLOTTE-Before Charlotte adds more parking lots and skyscrapers to its inventory, local developers and brothers Bonn and Michael Gilbert would like to build a paid-admission attraction on 25 acres owned by the school board and the city. Critics oppose a for-profit project on public land.
DUBLIN, CA-The Pleasanton-based software giant has secured 33 acres in the Hacienda Business Park with plans to build a 760,000-sf campus. The property was acquired from PeopleSoft.