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NEW YORK CITY-Thomas Jacob, CEO and chairman of the Chase Manhattan Mortgage Corp., played host to the US Conference of Mayors and the Mortgage Bankers Association of America at Chase's Park Avenue offices. The two organizations revealed their plan to encourage urban revitalization and the results of a poll.
SEATTLE-The ultra-tight office market here, which is holding steady at a rock bottom 1.1% vacancy rate through the first nine months of the year, has sent lease rates in some new class A office buildings soaring past the $50 per sf full-service benchmark, according to a third quarter report by Grubb & Ellis.
WHITE PLAINS-GHP Office Realty, the new owner of One and Four West Red Oak Lane in White Plains, announces two major lease signings totaling more than 50,000 sf of space that brings the office complex to 95% occupancy.
STAMFORD, CT-Due to a poor fiscal third quarter, Xerox Corp. announces it would be implementing a wide ranging plan to sell assets and cut costs. However, company officials say that, contrary to some reports, it will not be moving its headquarters operations out of Stamford.
ORANGE COUNTY, CA--California Pizza Kitchen Inc. of Los Angeles is opening its third CPKASAP location at the South Coast Plaza shopping mall this Friday, serving a more limited menu for people on the run. If this test store succeeds, more locations may follow.
DALLAS-E.W. Blanch Co. Inc is entering into a joint venture with a CA-based online financial and insurance service firm to boost its $17-million fiscal strategy that is being mortared through pacts with joint ventures and various institutions.