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AUSTIN-Seiko Instruments' staff is getting comfortable in 15,000-sf of office space in northeast Austin. The location replaces a hand-held products division that had been operating out of Torrance, CA.
SAN DIEGO-The county's multifamily market flexes its muscle again with CT Realty's sale--at a considerable profit--of a three-property multifamily portfolio.
SAN MATEO, CA-The locally-based REIT closes its sale of 37 multi-family communities that was announced in September. The transaction--priced at $400 million--transforms Glenborough into an office and industrial REIT with a portfolio of 88 properties totaling 14 million sf.
PARSIPPANY, NJ-Lexington Corporate Properties-led partnership spends $81 million to add the pharmaceutical giant's commercial headquarters, net-leased through early 2010, to its $270-million investment portfolio.
NEW YORK CITY-The two-bedroom units have about 1,500 sf of space. The building features such amenities as an outdoor sun terrace, 11th-floor roof garden and a children's playroom.
CHARLOTTE-Net absorption in 2000 was one million sf versus 2.19 million sf in 1999, reports Commercial Carolina Corp. The vacancy level is expected to creep higher as 918,000 sf of new product enters the market this year.
SAN FRANCISCO-The locally-based company is in the high-tech metals extraction and separation business. Its technology is capable of converting hazardous liabilities into non-hazardous, profitable assets through the large-scale processing of industrial wastes.
SAN DIEGO-The Port District will have to choose between community opposition to obstructed views and hotel development in a meeting scheduled for later this month.
KANSAS CITY-Marsha Laner of Stewart Title takes replaces Kathy Schikevitz of CDFM Architecture as president of the Kansas City Commercial Real Estate Women for 2001.