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NEW YORK CITY-GLL Real Estate Partners GmbH, created by an international company with its real estate investments business based in New York and an Italian insurance company, will be based in Munich. The new company will serve as a property investment and management company for European investors.
ORLANDO-The Internet offers the commercial real estate industry important tools for research, marketing and project management, Richard Buday, president of Archimage Inc., told delegates attending the annual three-day National Association of Industrial and Office Properties conference.
ORLANDO-The planned 250,000-sf shopping center will be built on the 32-acre Green Acres RV Park near the 80-acre tract the developer is buying from the city of Altamonte Springs for a one million-sf office park. The estimated hard construction cost of the retail project is $25 million.
SPRING VALLEY, NY-Developers and commercial real estate brokers in Rockland County say that the county is no longer ignored by corporate relocation prospects and that its lower asking rents and land prices are proving quite attractive to both New Jersey and New York Metro area firms.
SEATTLE-Under the merger, expected to take place by the end of the year, the Eastside Business Journal will integrate its 18 employees and it's free request/subscriber base of 10,400 into is parent publication, the Puget Sound Business Journal, which has 42 employees and a paid circulation of 21,121.
AUSTIN-Northwest Austin has lured another high-tech company into its midst, with Advent Networks Inc. signing for 23,304 sf of office space at the Great Hills Plaza. Location and an available talent pool motivated the signing.
GREENWICH, CT-International Paper Co. and the Trust for Public Land have reached an agreement whereby the paper giant will sell 95 acres of land, known as the Treetops, to be preserved as open space for $11.5 million.
MENLO PARK, CA-At projected growth of 19.4% for 2000 and 13.8% for 2001, Spieker remains attractively valued despite its above average Price/FFO multiple (13.3x), says Analyst Bill Camp with A.G. Edward & Sons Inc.