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SAN JOSE, CA-Environmentalists and homeless advocates join forces to gather signatures for a ballot measure striking down Cisco Systems' proposed $1.3 billion, 20,000-worker campus in North Coyote Valley on the southern edge of the city.
PORTLAND-The Portland Development Commission, the city's development arm, has reached tentative agreement for the purchase of three properties in Northeast Portland as part of its redevelopment plan for the King Neighborhood.
NEW YORK CITY-Within three months, 13 new leases have been signed for AMB Property Corp.'s 34-building portfolio within the JFK Airport Corridor. This industrial area is almost completely occupied.
GALVESTON, TX-ArtSpace Projects, a nationally recognized artists nonprofit, is making plans to convert a five-story building into 28 artists lofts. The $3-million project is being financed from grants and is tentatively slated for completion in February.
ROUND ROCK, TX-Kennedy-Wilson and Fortis Advisers have formed a joint venture for its first project, a 190,000-sf office building in La Frontera. The project will cost upward of $20 million and is the first in a developing pipeline for the joint venture.
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. City officials have placed a moratorium on development in the area.
PHOENIX-Office demand remains strong throughout metro Phoenix, especially in Scottsdale and along Camelback Road. Demand should outpace new development for the rest of year, even with more than 3.8-million sf under construction.
DENVER-United Artists' Chapter 11 reorganization is working, even though third-quarter revenues are 17% less than 1999. UA president Kurt Hall blames the decline on 23% fewer theaters and a shortfall of blockbuster movies.
CAMPBELL, CA-Prometheus Real Estate Group plans to begin construction early next year on a 170,000-sf Ccass A office building and a 210-room Marriott hotel located a block from a light rail station.