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Retail Investment Pool Fires Up 16 Closings

remstaff &Globe Street | October 16, 2003

HURST, TX-The head of a 1031 Exchange syndicate brings out 11 retail centers to sell what he could to raise $3 million to buy a property in Houston. The overwhelming response has brought $19 million from nine sales, including a trade in Tarrant County.

Double Deals Fill 45,500 SF of Sublease Space

remstaff &Globe Street | October 16, 2003

HOUSTON-Sermatech International's relocation from 8301 W. Monroe St. triggers two four-year subleases in a domino effect for the southeast side of town. Negotiations backfill the industrial spaces through 2007.

Work Begins on $1B March Business Center

remstaff &Globe Street | October 16, 2003

RIVERSIDE, CA-The first phase of the 1,000-acre redevelopment of the former March Air Force Base is five million sf of industrial and office space, expected to be ready early next year.

Parking Firm Pays $95K an Acre for South Philly Parcel

remstaff &Globe Street | October 16, 2003

PHILADELPHIA-Maritrans, the sea-going transportation company, sells 21 acres of vacant land on Essington Avenue for more than $2 million. The parcel is near the Auto Mall and Philadelphia International Airport.

Assisted Living Facilities Costs Rise 10%

remstaff &Globe Street | October 16, 2003

MINNEAPOLIS-In Upper Midwest, St. Paul is above average, while the city, Des Moines, IA, and Fargo, ND, are below average in terms of cost.

Bristol Group Signs Two Leases Totaling 109,000 SF

remstaff &Globe Street | October 16, 2003

SPRINGFIELD, NJ-The simultaneous signings bring the company's 206,000-sf 50-52 Fadem Rd., an industrial building the California-based firm acquired last year, to 90% occupancy.

City to Reap $700M in Airport Leases

remstaff &Globe Street | October 16, 2003

NEW YORK CITY-The Port Authority and City of New York have reached an agreement that means approximately $700 million to the city when the deal closes. The Port Authority will increase its future PILOT payments for the World Trade Center site.

$500M Posner Park Breaks Ground

remstaff &Globe Street | October 16, 2003

HAINES CITY, FL-Boardwalk Land Development Co., a subsidiary of Miami Beach-based Victor Posner Enterprises, starts one of the largest mixed-use ventures attempted in Central Florida in the last five years--a 365-acre community that will house 2.5 million sf of retail, commercial and business park development.

Overall Office Vacancy Drops for First Time in Three Years

remstaff &Globe Street | October 16, 2003

PORTLAND-Regionwide office vacancy drops for the first time in 12 quarters, moving from 17% to 16.7% during the third quarter on 246,637 sf of net absoprtion, according to the latest report from Grubb & Ellis.

Carlton Launches Strategic Ventures Group

remstaff &Globe Street | October 16, 2003

NEW YORK CITY-Industry veteran Abe Wallach will head up Carlton's new venture that puts the firm directly in the real estate principal business.

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Retail Investment Pool Fires Up 16 Closings

Double Deals Fill 45,500 SF of Sublease Space

Work Begins on $1B March Business Center

Parking Firm Pays $95K an Acre for South Philly Parcel

Assisted Living Facilities Costs Rise 10%

Bristol Group Signs Two Leases Totaling 109,000 SF

City to Reap $700M in Airport Leases

$500M Posner Park Breaks Ground

Overall Office Vacancy Drops for First Time in Three Years

Carlton Launches Strategic Ventures Group

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