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MINNEAPOLIS-Some observers believe the name change sets the stage for selling the department stores to concentrate resources on growing its SuperTarget stores. The retailer says stronger name recognition is the reason.
NEW YORK CITY-Douglas Grabiner of GVA Williams tells GlobeSt.com that marketing the third floor of the Grand Central District property is unique as the owner is willing to spend only $9 per sf less than the asking rent for modifications.
LOS ANGELES-Homebuilding giant Kaufman & Broad reports strong earnings gains and record sales, but computer-maker Gateway, one of Southland's biggest commercial tenants and employers, announces sharp drop in profits and plans to lay off more than 2,400 workers.
LOS ANGELES-New York-based real estate fund adds to its growing Southern California portfolio with purchase of 590,570-sf industrial project in San Fernando Valley. Deal shows that Southland's industrial market is still red hot.
CHARLOTTE-The Seattle coffee chain is taking the space at 101 Independence Center, a 20-story Cousins Properties-developed site directly across from the 60-story Bank of America Corporate Center. Brokers estimate the term is at least five years for an aggregate rent value of $150,000.
SAN DIEGO-A publicly traded, high-technology company has signed a 37-month sublease with Thermoscan to occupy 50,000 sf in the Sorrento Mesa area, in a deal valued at approximately $1.9 million.
DENVER-AT&T is positioned to expand in the Inverness Business Park, paying $27.4 million for the former Citicorp Diners Club. The acquisition comes shortly after the telecommunications giant has sold its Meridian International Business Park headquarters.
EVERETT, WA-Commanding a sales price of $2.675 million, the three-tenant retail property near the Everett Mall exchanged hands on Jan. 4. Broadway Tenants in Common sold it to an undisclosed LLC.
NAPLES, FL-Naples Community Hospital Inc. has the 18-acre, 158,000-sf commercial property under contract but won't disclose the purchaser until his due diligence period is completed. The deal is projected to be the largest commercial transaction brokered locally.