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SAN BRUNO, CA-Up for grabs tomorrow is the West Naval Facilities Engineering Command in San Bruno, which brokers expect will go for as much as $30 million. The auction takes place at the Airport Marriott in Burlingame at 2 p.m.
PORTLAND-The high tech industrial sector was back in expansion mode during the third quarter, according to a just-released third quarter report by Grubb & Ellis. Lease rates also are ticking up a bit after several years of stagnation, encouraging speculative developers.
GALVESTON-Island Realty Partners have to sway a bankruptcy court, but the development team wants to buy the old Galvez Mall. If the sale is approved, plans will gear up to convert it into a 300,000-sf power retail center.
PEARL RIVER, NY-The Rockland Economic Development Corporation will honor companies that have relocated or expanded in the county this year as part of a luncheon entitled "Connections 2000: The View from Cyberspace" that will be held on Nov. 16.
CHICAGO-Banyan REIT's board says it has authorized negotiation of a contract for the sale of all the trust's assets to an unidentified buyer. The board says it hopes to conclude the sale by the end of the first quarter, with net proceeds to shareholders from the sale possibly reaching $6.20 per share.
ALBERTVILLE, MN-JMJ Properties will add 58,000-sf to the retail center following the success of the first phase. The 248,000-sf center opened nearly 100% leased earlier this year.