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FLORHAM PARK, NJ-Major developers will build a 2.2 million-sf, $400-million office campus on land vacated after ExxonMobil Corp. moved its engineering division.
WHITE PLAINS-Two more lease deals with high-technology firms have been secured Downtown. The lease signings at 360 Hamilton Ave. bring the once troubled office building to 82%occupancy.
MILL CREEK, WA-Much of the fuss is over 1,685 acres in the east Mill Creek area, a hotbed for developers that is currently zoned for 9,600-sf lots that officials fear will only extend urban sprawl.
EAST NAPLES, FL-Last week it was General Cinema closing all 11 Florida locations. Now Regal Cinemas has begun to shut down movie houses, with a six-screen multiplex in this South Florida Gulf Coast location getting the axe.
MIAMI BEACH, FL-After lengthy debate, the city has finally approved a plan by Miami developer R. Donahue Peebles to transform the former Bath Club into a $115-million resort condominium hotel. Construction is set to start next summer.
BROOMFIELD, CO-A NY-based real estate investment firm is pumping $50 million into a 23-acre office campus at US 36 in this bedroom community of Denver. The existing former ski booth factory will be razed to make way for the project.
BOSTON-The office building at 200 Portland St. was selected for its proximity to state and federal agencies in the North Station district, as well as easy access to subway and commuter rail lines.
ORLANDO-Land prices, development costs, rents and unit sizes are all going up, says Mark L. Findura, president of R.J. Twitty & Co. II Inc. But demand remains strong with class A and student markets are the most resilient.