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DALLAS-Qwest Communications, a telecommunications giant, and rising star Sphera Optical Networks join the tenant clique at Dallas ComCenter. Both firms are taking 10-year leases at the CBD telecom hotel.
BEND, OR-There's only about 40,000-sf of floor space in the 73-year-old single-story structure, but it's as tall as a seven-story building, as long as one-and-a-half football fields and it sits on a little over four acres.
ATLANTA-The locally-based design firm paid defense contractor GEC-Marconi Avionics $5.1 million or $59.30 per sf for a two-story, 86,000-sf building on 15 acres in suburban Norcross, GA.
TRENTON-State law is modified to allow state and federally chartered banks, savings banks and S&Ls to be licensed for such activity in the Garden State. This could pave the way for venture partnering.
NEW YORK CITY-RFR also acquired the property's master lease from Thomson Financial, and signed a long-term re-lease with Forbes, Inc. Rents range up to $50 per sf.
SAN FRANCISCO-San Francisco Supervisor Gavin Newsom is reacting negatively to plans for a floating hotel and conference center at Pier 35 that would be constructed to look like the Titanic.
FREEHOLD, NJ-Cronheim Mortgage Corp. brokered the package for the borrower, a partnership that has owned the property since it was built back in the early 1960s. Several national chains anchor the shopping center.
SAN FRANCISCO-The locally-based company, in the midst of developing a system to connect property owners, managers, vendors and tenants, has brought on three new recruits to beef up sales and service.
LOS ANGELES-A local developer's plan to replace the aging Lincoln Place Apartments in Venice hits yet another snag, as ACLU accuses the owners of violating tenants' free-speech rights.