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WHITE PLAINS-GHP Office Realty, the new owner of One and Four West Red Oak Lane in White Plains, announces two major lease signings totaling more than 50,000 sf of space that brings the office complex to 95% occupancy.
STAMFORD, CT-Due to a poor fiscal third quarter, Xerox Corp. announces it would be implementing a wide ranging plan to sell assets and cut costs. However, company officials say that, contrary to some reports, it will not be moving its headquarters operations out of Stamford.
ORANGE COUNTY, CA--California Pizza Kitchen Inc. of Los Angeles is opening its third CPKASAP location at the South Coast Plaza shopping mall this Friday, serving a more limited menu for people on the run. If this test store succeeds, more locations may follow.
DALLAS-E.W. Blanch Co. Inc is entering into a joint venture with a CA-based online financial and insurance service firm to boost its $17-million fiscal strategy that is being mortared through pacts with joint ventures and various institutions.
WASHINGTON, DC-Fannie Mae and Freddie Mac agreed to greater financial disclosure, allaying concerns that the two government-sponsored home mortgage lenders are growing too quickly, but not silencing political critics. The deal would require them to issue new subordinated debt as insurance against financial crises.
WASHINGTON, DC-Preferred Real Estate Investments plans to buy and renovate a vacant 480,000-sf office building overlooking the Anacostia River in Washington, DC, taking advantage of plans to redevelop this dilapidated industrial waterfront.
PORTLAND-Williams Communications, a major fiber-optic player based in Tulsa, OK and Centennial Real Estate Corp., a Dallas-based real estate investment company, are each planning to develop a telecom facility in Northwest Portland.