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SCOTTSDALE, AZ-A strong demand for office space in the North Scottsdale market prompts Furst Properties to begin construction on a 110,000-sf, class A building. The $10-million building shell is projected to be 50% leased by its October opening.
DALLAS-Allan Brown, co-founder of azimuth: architecture inc., sells his stake in the firm for the initiative. Ten10, the branding for now, has its first acquisition under contract as Brown begins courting healthcare systems for a possible alliance.
SAN FRANCISCO-Forest City Enterprises and Westfield America last week kicked off construction of Westfield San Francisco Centre, a 1.5-million-sf retail center development that will combine the landmark Emporium Building and the existing San Francisco Shopping Centre into a combined venue in the heart of the city's retail district.
SAN DIEGO-Less than six months after Sunbelt Management Co. broke ground on its Kearny Mesa office complex, the project is already 50% complete. Slated for build-out in January 2004, the completed property will encompass 7,000 sf.
BALTIMORE-An $80 million cancer research facility is in the works at Johns Hopkins University's School of Medicine now that Clark/Smoot has started building the 270,000-sf laboratory and office structure.
FORT LAUDERDALE, FL-Developer Cornerstone Premier Communities chose the 15-year-old Miami firm Kobi Karp Architecture and Interior Design to design the 157-unit, two-tower high-rise oceanfront condominium development.
NEW YORK CITY-Another company is making the move to Lower Manhattan. Earth Tech takes 37,999 sf of Fidelty Investments space in a sublease deal at One World Financial Center that runs through June 2012. Financial arrangements were not disclosed.
CANTON, MA-Allied Domecq Quick Service Restaurants, parent company of Dunkin' Donuts, Baskin-Robbins, and Togo's, signs a 10-year lease for a 175,000-sf building that will serve as its corporate headquarters.
CHANDLER, AZ-The historic San Marcos Golf Resort & Conference Center, one of the first resorts to be developed in Arizona, has been put up for sale by its owners, Sunstone Hotel Properties. The firm says the property, the largest piece of real estate Downtown, is no longer of strategic importance.