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MIAMI-The coverage by Converge Services Group and Bankers Insurance Group enables property owners to charge tenants a reduced deposit fee but still maintain security over the premises in the event of damage.
NEW YORK CITY-Lehman Brothers brings its total lease at the Brookfield Properties building to 563,000 sf with a new 20-year lease. Brookfield represented itself and Insignia/ESG represented the tenant in the transaction.
LONGVIEW, WA-This decidedly blue-collar city on the Columbia River -- home of publicly traded Longview Fiber Co. other timber-related operations -- has hired a consultant to help its downtown become more of a tourist attraction.
LYNN, MA-Two major fiber-optic cables are being centered here, revitalizing the high-tech center and raising the value of the local commercial real estate. One of the cables will be transatlantic and the other will run along the East Coast.
PHOENIX-Orsett Properties has purchased a parcel in the northwest Valley near the soon-to-be-completed Loop 101 for $4.8 million and plans to begin construction later this year on a 171,600-sf back-office project.
WALTHAM, MA-Lend Lease Real Estate Investments Inc. has pulled its six-story office building off the market after three months. The company reportedly did not get the offers it wanted.
PRINCETON, NJ-The high level of leasing activity that characterized this market throughout the year 2000 continues into the new year as a leading battery maker and a wireless company are the latest to sign on the dotted line.
ATLANTA-After a five-year absence, Donald Huffner, regional manager in Columbus, OH for Equity Office Properties Turst, is returning here to manage the firm's 11 million-sf Southeastern portfolio.