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FOSTER CITY, CA.-The Internet infrastructure software maker buys the building in which it is the main tenant from Legacy Partners Commercial Inc. to lower its building costs and show that it's here to stay.
SAN DIEGO-The Downtown San Diego Partnership replaces outgoing president Laurie Black with another member of its executive committee, banker Fred Baranowski.
DENVER-More than $150 million is being spent to develop two multifamily complexes with a combined total of over 1,000 units. Jumping on Central Platte Valley's development bandwagon are Denver-based Archstone Communities and Houston-based Greystar Capital.
DETROIT-Medical Property investors has purchased properties from Henry Ford Health Systems, reflecting the city's vigorous commercial real estate resale market.
SAN FRANCISCO-The online shopping arm of Kmart is getting three dimensional with a brick-and-mortar store--of sorts--below is its headquarters on Fisherman's Wharf.
AUSTIN-What has been ranked as the city's second fastest-growing business is being sold to a Dallas-based firm that caters to corporate clients, ranging from companies to restaurants.
SAN ANTONIO-An Alabama-based medical company will open a high-tech customer service facility near the San Antonio International Airport that, upon completion, will provide space for 400 new workers. The new facility is expected to deliver in November.
WEST PALM BEACH, FL-With this city's Downtown office space renting for an average of $32.52 per sf, buyers of the Commerce Center building at 324 Datura St. plan to market their property as an affordable alternative in the CBD marketplace at about $20 per sf.
DALLAS-Sonic Automotive Inc. is seeking to buy five dealerships in Texas with a 1999 combined revenue of $458 million. The North Carolina-based corporation has bought 14 dealerships since January.