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Rotary Center Bucks Vacancy Trends

remstaff &Globe Street | September 04, 2003

EVANSTON, IL-Occupancy at Rotary International's 370,000-sf building at 1560 Sherman Ave. hits 93% in a submarket where vacancy approaches 20%.

18.85 Acres Trade Hands in Vista

remstaff &Globe Street | September 04, 2003

VISTA, CA-Buyer Burke Sycamore Partners LP shells out nearly $8.5 million for the seven lots, which are located in the master-planned industrial development known as Sycamore Vista Business Park.

Nordstrom's Opens Fifth Store in Virginia

remstaff &Globe Street | September 04, 2003

RICHMOND, VA-Short Pump Town Center welcomes its fifth anchor with the official debut of a two-story, 120,000-sf Nordstrom store. The average asking price for similar retail space in the Richmond area is about $20 per sf.

T-Mobile Developing 77,000-SF Call Center in Central Oregon

remstaff &Globe Street | September 04, 2003

REDMOND, OR-The mobile telecommunications subsidiary of Deutsche Telekom AG acquires shovel-ready land in the Airport Business Center in Redmond for a $9-million call center that will open its doors in April 2004 and eventually employ 700 people.

$2.8M Buys Temecula Parcel

remstaff &Globe Street | September 04, 2003

TEMECULA, CA-Pacific Development Partners snaps up the five-acre parcel with plans to develop a retail center on the site. The property is located at the southwest corner of Overland Drive and Margarita Road in Temecula.

Noble Enters Conference Center Turf with Stormont Buy

remstaff &Globe Street | September 04, 2003

ATLANTA-The two locally based, major hospitality industry players create a company with an owned portfolio of hotels valued at $240 million. Richard M. Stormont and James M. Stormont Jr. will be managing directors of Noble's new division, Stormont Noble Development.

Greystone Picks Up Two White Elephants for a Song

remstaff &Globe Street | September 04, 2003

SCRANTON, PA-In separate transactions, the King of Prussia, PA-based developer pays $5.5 million for a 336,700-sf former Corning plant in Benton Park and less than $1 million for the 168,000-sf Connell Building. Both need work. Renovating Connell will take up to $12 million.

First Industrial Sells $8.4M Portfolio

remstaff &Globe Street | September 04, 2003

TORRANCE, CA-The Chicago-based real estate investment trust disposes of nine freestanding industrial buildings totaling approximately 67,000 sf.

$48M Refinances Historic Hotel

remstaff &Globe Street | September 04, 2003

SANTA MONICA, CA-Owners of the Casa del Mar luxury hotel obtain the refinancing loan from B of A in a Holliday Fenoglio Fowler deal.

ProLogis Completes Second Round of European Financing

remstaff &Globe Street | September 04, 2003

DENVER-A total of $689 million of additional third party equity has been committed through a private placement by 11 institutional investors representing seven countries. Combining the existing fund capacity with the additional capital from the second raise and debt, the Fund has the ability to grow to more than $4.9 billion.

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Rotary Center Bucks Vacancy Trends

18.85 Acres Trade Hands in Vista

Nordstrom's Opens Fifth Store in Virginia

T-Mobile Developing 77,000-SF Call Center in Central Oregon

$2.8M Buys Temecula Parcel

Noble Enters Conference Center Turf with Stormont Buy

Greystone Picks Up Two White Elephants for a Song

First Industrial Sells $8.4M Portfolio

$48M Refinances Historic Hotel

ProLogis Completes Second Round of European Financing

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