Office

BOSTON-The Salvation Army seeks proposals from firms interested in redeveloping its state headquarters in the Back Bay area here. In doing so, the evangelical Protestant denomination joins other religious institutions looking to take advantage of the local real estate market.

SAN DIEGO-Construction for the new $10.8-million Plaza at Scripps Northridge is

LOS ANGELES-The 141,918-sf complex has been sold to a limited liability company. It is the second large office sale to occur in the county in the past week.

AUSTIN-It's time to court all types of companies: those that are here and those that might be willing to come, says a leading local economist. For too long, the focus on been on dealing with Austin's rapid growth rather than seeking more corporate residents.

AUSTIN-Rising office vacancy has hit the pocketbook of building owners, with rent dipping 42 cents per sf between first quarter and Q2 closings. The average now rests at $27.15 per sf, with the CBD being hardest hit as rates plummet $4.20 per sf.

SAN DIEGO-The dot-com meltdown fluffed up the county's office vacancy in the first six months of the year, according to statistics from CB Richard Ellis.

WASHINGTON, DC-CarrAmerica Urban Development LLC, a subsidiary of CarrAmerica Realty Corp. has been selected to assist in developing a second headquarters for the International Monetary Fund adjacent to its current headquarters.

COSTA MESA, CA-Three of the projects are in Orange County and two are in LA. The deals cover a combined 780,000 sf of space. The others are in LA County, San Diego County and Sacramento.