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DALLAS-The Child Care Group has wrapped up a corporate headquarters relocation to the Twin Towers at 8585 N. Stemmons Freeway. The leading nonprofit nationwide has signed a long-term lease for 28,858 sf in the complex's south tower.
DALLAS-There has been a 10% increase in the attendance at this year's call center trade show in Dallas. No wonder, say the experts; it's big business for companies and developers. But, second-tier cities are now the new hotspots instead of metros like Dallas, where there are close to 700 in operation.
PLATTE COUNTY, MO-Opus Northwest's Congress Corporate Center would attract data and call center type businesses. The first spec building will be a 90,000-sf to 120,000-sf office/warehouse.
PLANO, TX-JC Penney is facing the backlash of a sagging mid-price retail market. Up to 50 under-performing stores are being given pink slips while the announcement has triggered a rumor about a corporate downsizing at its 1.9-million sf campus in Plano.
ORLANDO-The 10-year-old Altamonte Springs, FL-based general contractor is shooting for $30 million this year by expanding its geographic scope to Cleveland, Nashville, Texas and California.
SAVANNAH, GA-The underperforming 149-year-old, 68-room hotel is being sold by Paine Weber and Coastal Hotel Group for $160,000 per room. They bought the property in 1998 for $555,424 or $8,168 per room. The owners' five other hotels in California are also up for sale. Savannah is 200 miles southeast of Downtown Atlanta.
DENVER-Colorado will experience a slight slowdown, but its growth will still outpace the national economy, says the state budget director. The state's not immune, but economic indicators are strong enough to weather a storm.
LONGMONT, CO-Seagate Technology's 1,000 employees from nine leased sites are now in one location, with the high-tech firm taking keys to a $70-million, 443,000-sf manufacturing facility in Longmont. Seagate has nearly doubled its workforce in the past four years.
STAMFORD-An investment group led by the Malkin family says it took advantage of an unsettled capital-market environment and has acquired the 810,000-sf First Stamford Place office complex here from TrizecHahn.