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TURLOCK, CA-Dave Davis, chief financial officer for the publicly traded document management company, describes the sale of the 100,000-sf facility and an adjacent, vacant parcel as simply "the conversion of an underutilized asset to cash.
SAN FRANCISCO-Greenwich Capital Markets has hired executives from Merrill Lynch and Donaldson Lufkin Jenrette to bolster its San Francisco operations. "Our clients will continue to have seasoned professionals offering the most innovative solutions," says Greenwich managing director Ryan Mullaney.
DETROIT-Home Depot officials are saying plans for the company's first store in the city remain viable. The Atlanta-based company has been looking at a site in Riverbend Plaza shopping center to build a new store.
CHARLOTTE-A 135,000-sf Home Depot retail store and a 10,000-sf CBS Pharmacy will anchor the first 145,000-sf phase of Promenade on Providence, scheduled to open this summer. The estimated hard construction cost is $40 million.
NEW YORK CITY-After undergoing an extensive renovation, 48 Wall St. will be ready for occupancy in the coming month, and after signing a 10,000-sf lease, the building will hit the 50% occupancy-mark.
IRVINE, CA-Irvine-based real estate giant Fidelity National Financial Inc. has inked a deal with e-commerce company VISTAinfo to combine both companies' assets into a jointly owned real estate services firm.
TINTON FALLS, NJ-The real estate company will take about one-third of a class A building currently under construction along the Garden State Parkway in this Monmouth County township.
SAN DIEGO-A NYC-based costume manufacturer signs $15-million deal for 206,415-sf space in Poway. Hamazawa Investment Co. purchases an office building for $8.3 million.
ORLANDO-The Osceola County-based real estate firm is relocating to the SouthPark section of Orlando Central Park where it has purchased a 1.08-acre pad for $260,000 or about $240,740 per acre ($5.40 per sf).