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$34M Financing Placed for Scottsdale Marriott

remstaff &Globe Street | December 10, 2003

SCOTTSDALE, AZ-Fierce lender competition helps Walton Street Capital to get a favorable rate on a $33.5-million first mortgage and pay down initial debt for the four-year-old, 270-room Scottsdale Marriott at McDowell Mountains.

Minneapolis Hires Sporlein as New Planning Director

remstaff &Globe Street | December 10, 2003

MINNEAPOLIS-The city's hire of Barbara Sporlein, deputy executive director for the St. Paul Housing Authority, comes at a critical time as it struggles to reform its housing and economic and community development divisions.

Motorsports Firm to Expand

remstaff &Globe Street | December 10, 2003

IRVINE, CA-Mission Motorsports plans a $7-million, build-to-suit facility of nearly 40,000 sf on land that the motorcycle and watercraft retailer acquired recently. The new showroom will quadruple the size in an expansion

$2B+ Arena Project Hinges on Nets

remstaff &Globe Street | December 10, 2003

BROOKLYN, NY-The Frank Gehry-designed Brooklyn arena, tipping the scales at 7.7-million-sf, is set to go. Now all developer Bruce Ratner needs is the team to play there. The bidding war is on for the New Jersey Nets basketball franchise.

Berliner Cohen Staying at Ten Almaden

remstaff &Globe Street | December 10, 2003

SAN JOSE, CA-After perusing the market, the locally headquartered law firm opts to remain on the 11th and 12 floors of the 16-story, 300,000-sf office building Downtown.

Ground Broken for Swift R&D Facility

remstaff &Globe Street | December 10, 2003

GREELEY, CO-Swift & Co. is consolidating and moving its research and development operations from Omaha to the new facility to be developed by McWhinney Enterprises and built by the Neenan Co.

$76M Takes Majority Share in Redevelopment Venture

remstaff &Globe Street | December 10, 2003

HOBOKEN, NJ-The Pinnacle Group takes control of a project that will turn the old Maxwell House coffee plant into a $500-million mix of upscale condos and more than 200,000 sf of commercial space.

Office Building Sales Rising

remstaff &Globe Street | December 10, 2003

ATLANTA-Despite a metro average office vacancy rate of 22%, sales of multi-tenant properties in the third quarter totaled $293.2 million on 22 transactions, up from volume of $128.6 million on 32 sales in the same period last year, according to The Wise Office Report.

Case Buys Ownership Stake in Exclusive Resorts

remstaff &Globe Street | December 10, 2003

DENVER-Steve Case, co-founder of America Online, buys a 50% ownership stake in Exclusive Resorts as part of a portfolio of post-AOL investments.

Visible Signs of Improvement in North Office Submarket

remstaff &Globe Street | December 10, 2003

LINCOLNSHIRE, IL-Occupancy in the 546,260-sf Tri-State International office complex along the tollway at Illinois 22 has improved to nearly 85% with a flurry of deals that include new headquarters.

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$34M Financing Placed for Scottsdale Marriott

Minneapolis Hires Sporlein as New Planning Director

Motorsports Firm to Expand

$2B+ Arena Project Hinges on Nets

Berliner Cohen Staying at Ten Almaden

Ground Broken for Swift R&D Facility

$76M Takes Majority Share in Redevelopment Venture

Office Building Sales Rising

Case Buys Ownership Stake in Exclusive Resorts

Visible Signs of Improvement in North Office Submarket

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