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HOBOKEN, NJ-The bond trader will move from nearby Jersey City to set up shop in SJP Properties' 1.1-million-sf corporate center, a centerpiece for this city's revitalization. CB Richard Ellis and Insignia/ESG negotiated the deal.
LOS ANGELES-Government-mandated commission determines that an independent San Fernando Valley is financially viable, pushing the secession efforts closer to a public vote. Newly created city would be nation's sixth largest.
FORT LAUDERDALE, FL-The proposed deal for Bonaventure Country Club and its two 18-hole golf courses collapses over alleged environmental and title problems. Fort Lauderdale is 26 miles north of Miami.
PHOENIX-Figures released by the US Census Bureau earlier this week confirmed that Phoenix has the highest growth rate of 15 major cites in the nation, making the city the sixth largest in the nation.
HALTOM CITY, TX-A California company has signed for 44,000 SF in a plan to relocate its headquarters to Haltom City's Mercantile Park. Only a dozen PharmChem employees are headed east and plans to hire more than 100 locally. A 15,000-sf lab will stay in Menlo Park, 35,000 sf being vacated.
OAK PARK, MI-The Detroit Artillery Armory, a former World War II production center, is now offered for sale through public bids. City officials thought they had a deal to buy the property for $2.5 million.
ROCKVILLE, MD-Four members of the trust's management team were named to vice president positions, and Jan Sweetman was promoted to chief operating officer of the company's western division.
AUSTIN-Broadwing Communications is adding a 10,000-sf network operations center to its Austin corporate campus along the Capital of Texas Highway. It is the second such facility in the country for the high-tech product provider.
VANCOUVER, WA- Poor access and financing issues are reportedly responsible for the significantly altered plans. As approved, the project will include only 136 to 138 condominiums, a 62,000-sf office building and a 96-slip private marina.
HOUSTON-Caldwell Watson's business has surged to the point that it's beefing up the office division. Veteran Mary Descant is the firm's new vice president. The promotion and a new hire are linked to beliefs that it's going to be a busy year.