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ATLANTA-The locally-based telecommunications company will wire several buildings for high-speed data, voice and video services. The first building will be Windward Point 200 in north Atlanta.
ORLANDO-Entrepreneur Cameron Kuhn, a transplanted Chicagoan, is investing $4.47 million in an Orange County-owned office building everybody else has shunned. The 18-year-old Downtown building has air quality problems and has been vacant and shut down since summer 1997. The county and its insurer have paid out more than $1 million in medical claims from county workers. The price of the six-story, 79,000 sf 100 East Pine Street Building equates to $56.58 per sf.
IRVING, TX-Arnold Logistics Inc. has inked a deal to acquire the National Corporate Marketing Inc. of Irving. With the acquisition, the corporation will own more than 3.6 million sf of operating space in the three states.
DENVER-A $12-million renovation to the Radisson Stapleton Plaza nears completion. The hotel is now seeing occupancy rates equal to 1995 when the international airport closed its doors.
REDWOOD CITY, CA-In an effort to maintain a retail base, two cities are temporarily restricting "Internet-based businesses" from building, leasing or renovating certain space, and two others are considering it.
STOCKTON, CA-Bank of Stockton, Farmers & Merchants, Bank of Agriculture and Commerce, and Pacific State all yielded returns above 1% for the year ended June 30.
ROCKFORD, IL-Distribution facility developer is building a 122,500-sf speculative warehouse near its hometown. Proximity to Chrysler plant and UPS hub in Rockford cited.
NEW YORK CITY-Moody revised its rating following Bradley's merger into the Heritage Realty Investment Trust amid concerns that the firm has yet to demonstrate it can add value to a large, diverse portfolio.