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RENTON, WA-Lend Lease Investments acquired one of the properties on behalf of an institutional client. Sherron & Associates, a Bellevue-based syndicator, acquired the other.
AUSTIN-PM Realty Advisors has signed Trammell Crow as its leasing agent at Colina West in the city's northwest sector. This puts the Austin office in charge of 200,000 sf of PMRA office space in the state capital.
FT. WORTH-An 80,000-sf RxAmerica mail-order center in Fossil Creek is sure to expand with its buyout by WellPoint Health Networks. The facility is operating at 40% capacity, its overseer says.
ST. PAUL, MN-The move to its new building will free up its old space across the street. The insurance company decided it would easier to lease that older (and cheaper) space to other companies than the newer (and more expensive) space in the new tower.
HERDON, VA-The newly released compensation report from the National Association of Industrial and Office Properties reveals that the median base salary for CEOs of development companies is $200,000 with incentive and compensation packages totaling $64,000.
PHOENIX-Although office vacancy rates increased slightly during the third quarter of this year, a new report predicts that total net absorption for the year could easily exceed 1999's absorption of 2.4 million sf. <p>
DUBLIN, CA-This week the City Council is deliberating a new fee levy on developers, the proceeds from which would fund a pair of new fire stations on the eastern edge of town.
ATLANTIC CITY-Vacant luxury residential building, located near boardwalk casinos, will try to tap into underserved vacation segment in this gambling Mecca.
NEW YORK CITY-Lend Lease's CapMark Services will handle the account on a national basis, backed up by the real estate firm's asset management services.