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WEST PALM BEACH, FL-Premier has purchased 41.6 acres of land here on which to build the planned 500,000-sf, four-building retail/office/warehouse project. The sale price of the land was about $4.2 million; MIP Ventures Ltd. was the seller.
HOUSTON-Two renewals and two new deals close off space in four Houston submarkets, with the northeast sector cornering the largest closing. DHN Enterprises, a 10-year tenant, holds tight to 25,000 sf.
DENVER-Retail contract extensions proposed by current Mayor Webb for concessions at DIA may be reviewed by Mayor-elect Hickenlooper. City Council will discuss the extension issue in a meeting on Tuesday.
DALLAS-Park Central 7 gets the new name on the office directory in a five-year lease for 10,000 sf. Twin Towers corners a two-year extension for 8,355 sf and a 62-month sister deal for 2,738 sf in a package valued at $409,000.
CHICAGO-Three buildings under construction or in the early planning stages have significant pre-leasing and anchor tenants, but it comes at the expense of older properties in a Downtown market that has suffered from job losses, professionals at RealShare Chicago noted.
BELLEVUE, WA-The creator of CD-Rom games aimed at young females is relocating from 2,800 sf in the 520 Corridor area of Bellevue to 7,100 sf on the south side of the Bellevue CBD.
NEWPORT BEACH, CA-Frederick J. Stemmler of Hopkins Real Estate Group is named division alliance co-chair for 2003-04 by the International Council of Shopping Centers. He gets the Western US as his territory.
LONDON-Google UK, the European arm of the search engine operator, has signed up for 14,596 sf of offices in Derwent Valley Holdings' The Courtyard office refurbishment on Charing Cross Road, WC2.
MIAMI-The facilities include a $712.3 million, five-year revolving credit facility to mature in May 2008, and a $315.2 million, 364-day revolving credit facility to mature next May.
SANTA ANA, CA-An investor from San Francisco buys the Villa Altiplano Apartments, a one-building complex along Highland Avenue, from two Orange County investors. The fully leased complex brings in monthly rents ranging from $782 to $860.