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DENVER-The metropolitan area's multifamily market is surprisingly strong, say analysts. Vacancy rates have declined, with absorption outpacing delivery better than two to one.
ROCK HILL, SC-The shopping center venture, 26 miles south of Charlotte, will also comprise seven sit-down and two fast-food restaurants, two townhouse developments, an apartment complex, a delicate-care center, two hotels, office space and a plaza with fountain.
KANSAS CITY, MO- Upscale clothier Jack Henry is moving to new Valencia Place. The new location is 14,000-sf, while possible tenants for the old location are Polo and Crate & Barrel.
HOUSTON-Cotton Moving & Storage is taking 55,000 sf of office and warehouse space at 3350 Rogerdale in a transaction that has been handled by Southwest Realty Advisors and the Staubach Co.
SAN DIEGO-Burnham Pacific Properties Inc. announced that it has closed the sale of the Anacomp Building in Poway. The $1.6 million in proceeds will be used to reduce debt and for general working capital.
METHOW VALLEY, WA-The Trust for Public Land, which has raised $13 million of the $17 million it needs to purchase and preserve 1,000 acres of land in north central Washington, has been given until Dec. 21 to raise remaining money.
CHICAGO- DataCentersNow of Washington, DC has bought a 110,000-sf building adjacent to O'Hare Airport for development as a data center. The developer is in negotiations to purchase land in Elk Grove Village and Itasca for future data center development.
BURLINGTON, MA-Finard & Co.'s annual report indicates that Eastern Massachusetts retail market showed a less than 1% growth rate over the last year.
ORLANDO-The jet manufacturer hopes to break ground next year on a 148,000-sf office and hangar building and a 200,000-sf surface apron for maintenance at Orlando International Airport. The company also may build another 54,000-sf building on an adjacent four-acre parcel.