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NEW JERSEY-The global commercial real estate services firm has negotiated new lease deals in Morristown, Cranbury, Westfield and Paramus for clients in four separate contracts, demonstrating the market here is still hot.
ORLANDO-The nation's 11th largest issuer plans to occupy Banco Popular's 5,000-sf offices near International Drive when the bank's lease expires early next year and probably will be searching for additional space to house 200 new hires. Metris is creating a national Hispanic operations center here.
FLINT, MI-The 52-million sf, $13.25 million addition to Flint Airport, which handled 640,000 passengers last year, features four new boarding gates and an expanded waiting area. It expects one million passengers to pass through in a few years.
SUMMIT, NJ-An entire second floor at the class A 25 DeForest Ave. building will be the new headquarters for fast-growing Palisades Safety & Insurance Management. Its proximity to mass transit sealed the deal.
MALIBU, CA-Malibu voters get right to vote on development within city limits. Confused voters chose measure initiated by the city council, but backed by area's biggest developer.
ARDSLEY, NY-The developer of a proposed senior housing community in Ardsley that has been seeking regulatory approval for the past two years has won a critical zone change designation and hopes to break ground this spring.
KENT, WA-The city, which plans to buy 15.4-acre Borden Chemical Plant on the edge of its downtown, is using the New York-based consulting firm Hunter Interests Inc. to plan development of the property.
SAN FRANCISCO-As voters further tighten development limits, construction is finally starting near 3Com Park on a 1.3-million-sf office and retail development approved long before even the first limits were set in 1986.
CYPRESS, CA-A religious group hopes to build new facilities on property it purchased in the Los Alamitos Race Track and Golf Course redevelopment area. The city has placed a moratorium on development in the area.