Minyard Will Lease Back Headquarters After Sale
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By Barry Shlachter, Fort Worth Star-Telegram, Texas  Jun. 2--Minyard Food Stores has sold its Coppell headquarters and distribution center to a New York private investment firm, KTR Capital Partners, for an undisclosed amount and will lease back the corporate campus, the chain said Friday.
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Sprint Nextel has decided to consolidate its two headquarters, eliminating a relic of the merger of Sprint and Nextel Communications in 2005.After that deal closed, the new company set up its corporate headquarters in Reston, Virginia, which had been the home of Nextel, and established an operational base in Sprint&#39;s home of Overland Park, Kansas. Now it will have just one main office, in Overland Park.The move was widely anticipated as a new CEO, Dan Hesse, took over the troubled operator. Consolidating the networks and corporate cultures of Sprint and Nextel has proved harder than merging them financially, and it has weighed down a company that has enough problems already, according to industry analysts. Sprint is losing subscribers and struggling to distinguish itself as the number-three player in the U.S. behind AT&amp;T Wireless and Verizon Wireless. It is close to a limited launch of its WiMax mobile broadband network but is unlikely to reach its WiMax coverage goal by the end of this year, an executive said Wednesday at the Mobile World Congress in Barcelona.Since Hesse took the helm in December, the company&#39;s top financial, marketing and sales executives have left, and it has announced plans to lay off 4,000 employees.Consolidating management in Overland Park will cut travel costs, bring executives closer to the company&#39;s operations and make better use of Sprint&#39;s real estate assets, according to a company statement. The move will require relocation of only a small number of executives, and Sprint will continue to have &quot;a very significant employee presence in Reston,&quot; the company said. Sprint has about 4,400 employees in the Washington, D.C., region and about 13,300 in the Kansas City, Missouri, area, where Overland Park is located.Sprint traces its roots to the Brown Telephone Co., founded in Abilene, Kansas, in 1899, according to the company&#39;s Web site.
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Volkswagen of America plans to announce today that it will move its headquarters to Herndon, as part of a new corporate strategy to for revamping its sagging auto business.
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Filene's Basement is in negotiations to stay in Downtown Crossing by moving into a space vacated last year by bookstore chain Barnes &amp; Noble.
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Having lost some business, the best-known club in the mutual fund industry is swapping its "members only" sign for a welcome mat.
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HALLADALE, the Scottish property developer and investor, has maintained its recent flow of activity by selling the leasehold on a landmark building in Carlisle for around 7.5 million.
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Brookfield Properties Corp., which owns 48 commercial sites including the World Financial Center in New York, bought a 19-story office tower in Rosslyn, Virginia, from Deutsche Immobilien Fonds AG for $106 million.
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By Bill Wilson, The Wichita Eagle, Kan.  Feb. 2--A former medical clinic in Newton will get new tenants this summer after a real estate deal that should be finalized next week.
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The company's development group has been hit with layoffs.
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By Karen Sloan, Omaha World-Herald, Neb.  Dec. 11--The site where the crumbling Wintergreen Park Apartments once stood could be transformed into a neighborhood of new homes.
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By Diana Baldwin, The Daily Oklahoman  Dec. 14--EDMOND -- Property at Broadway and Blanch Avenue was rezoned this week by the Edmond City Council to make way for a new building for The Hope Center's resale store.
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COLUMBUS, Ohio -- Limited Brands, repositioning itself as a lingerie and beauty products retailer, stepped away from the apparel business Monday by giving up majority ownership of its former flagship clothing store.
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Leeds today confirmed negotiations for the takeover of the American-backed consortium led by Sebastian Sainsbury have ended - and that Elland Road is to be sold under a sale and lease back deal.
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Mortgage company salvages sale to private equity fund by agreeing to a lower price.
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By Post-Bulletin, Rochester, Minn.  Jan. 30--The Elk Run development project by Pine Island grew larger this morning.   Tower Investments LLC announced that is has purchased an additional 382-acre parcel from Elmer and Judy Stock.
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Shorenstein Co. LLC of San Francisco and the State Teachers Retirement System of Ohio this week completed the sale of Bay Colony Corporate Center office park in Waltham to Beacon Capital Partners LLC for $272.5 million. Cushman &amp; Wakefield of Massachusetts represented the sellers in the sale of the 987,923-square-foot, four-building complex on Route 128 overlooking the Cambridge Reservoir. The ...
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By Greeley Tribune, Colo.  Jun. 13--LOVELAND -- The former Water Pik building, 609 14th Street SW in Loveland, has been sold to a local investor group.   SiteStone Holdings, LLC purchased the light industrial and manufacturing building from Water Pik, Inc.