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LOS ANGELES-The giant developer won't identify buyer of the combined 924 units in Santa Clarita Valley, other than to say it is a real estate investment trust.
FREMONT, CA-The networking giant is proposing three- to six-story buildings but some council members are asking for taller buildings to help define the skyline and establish a more urban setting for people to walk, shop and dine.
DENVER-Miller Global will get 80% interest in a $412-million joint venture being formed with North Carolina-based Highwoods Properties. The initial transaction has Highwoods selling 21 office properties and four development sites to the joint venture.
ORLANDO-Smaller users are clamoring for 25,000-sf to 50,000-sf facilities as developers continue to focus on big-box projects in this four-county, 92 million-sf warehouse and distribution sector of Central Florida.
NEW YORK CITY-The economy may be heading for a slowdown or a recession, but the prospects for the office space market over the next year look promising.
DALLAS-The southwestern US industrial market has reached near record highs in several metropolises. There's little room at the inn while under-construction projects are seeing a surge in pre-leased space. Meanwhile, it's wait-and-see about 2001.
TAVARES, FL-LCT Transportaiton, formerly Lester Coggins Trucking, a 25-year-old, 500-employee Okahumpka, FL-based firm, is recruiting some of the laid-off drivers but is showing no initial interest in taking over AG's estimated five-year lease. Tavares is 40 miles northwest of Downtown Orlando.
NEW YORK CITY-Last month alone approximately 1.8 million sf of space was leased or sold in just Manhattan in all of the market sectors. The majority of it was office space.