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HAVERHILL, MA-Alpha Industries opts for purchase to gain control over growth options. CEO tells GlobeSt.com the buy is counter to low-holdings strategy.
SAN ANTONIO-Homeside Lending Inc. has completed a sale-leaseback of the 190,567-sf Homeside Plaza in north central San Antonio. The lending company has secured a long-term lease for its 150,000-sf spot in the property transfer.
HOUSTON-Cummings-Baccus Interests has latched onto 700,000 sf of buys in South Texas. The Austin-based realty firm's largest purchase is a 15-story Wells Fargo bank in Lubbock.
PLANO, TX-With a 47.3-acre deal now finalized, the Jackson-Shaw Co. is forging ahead on plans to add another 620,000 sf to its 900,000-sf Plano-area portfolio. The first phase gets under way in early 2001.
CHICAGO- TrizecHahn is negotiationing with Argent Group to make an investment in Clybourn Tech Center. The investment would mark one of TrizecHahn's first forays into the telecom hotel sector following the firm's decision to recycle $1 billion in properties to finance a big telecom hotel push.
KANSAS CITY, MO-The Kansas City Council votes to end the Downtown renovation plan that involved pumping $628 million into transforming the landmark Power & Light Building. Financing problems killed the deal and now Mayor Barnes says she will unveil new plans for Downtown's rebirth next month.
AUSTIN-TechPartners International is tackling the Austin market, signing for 3,526 sf at 700 Lavaca in the downtown CBD's Chase Building. The city's emergence as a high-tech leader sparks the lease signing for the staffing firm, which has 25 offices worldwide.