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Overton Moore Rolls Out $43M Project

remstaff &Globe Street | July 20, 2003

CITY OF COMMERCE, CA-Overton Moore Properties joint ventures with ING Clarion Partners for what the developers call the largest industrial development in this city in 20 years. The 482,000-sf project will come out of the ground in 10 buildings.

West Side Shopping Center Gets $4M Loan

remstaff &Globe Street | July 20, 2003

HOUSTON-The developer, WPW Management, secures the capital for Westbridge Plaza from GE Capital Real Estate. The 10-year term, with 5.98% interest, represents a 75% loan to value for about 29,000 sf of retail space.

SD Holds onto Number Six Standing in State's EDD Report

remstaff &Globe Street | July 19, 2003

SAN DIEGO-The county is still the sixth-ranked region in the state when it comes to matters of employment, despite a 0.3% increase in its unemployment level last month, according to a recent report by the California Employment Development Department.

Medifast Spends $3M on Distribution Facility

remstaff &Globe Street | July 18, 2003

RIDGELY, MD-Medifast Inc. spends $3 million to purchase and set up shop in a 119,000-sf distribution facility on Sunrise Ave. The purchase represents an expansion for the retail drug manufacturer, which has a 49,000-sf space in nearby Owings Mills, MD.

State Grants $7.9M for Biotech Research Center

remstaff &Globe Street | July 18, 2003

DOYLESTOWN, PA-Co-recipients are Delaware Valley College and the Hepatitis B Foundation. The 55,000-sf complex, located on the DVC campus here, will be dedicated to the study of viral hepatitis and work in public-private partnership with research labs and biotech start-ups.

Madison Business Park Asset Sells for $80 Per SF

remstaff &Globe Street | July 18, 2003

WILLOWBROOK, IL-Principal Financial Group sells the new precast industrial building at 7133 Monroe St., one of eight in the development near the I-55 and Illinois 83 interchange, to Parzo LLC for $1.36 million.

$1.8M Buys Chula Vista Complex

remstaff &Globe Street | July 18, 2003

CHULA VISTA, CA-A La Mesa-based LLC sells the multifamily asset to private investors Steve Burnham and Victor Olvera of San Diego. The 16-unit apartment complex stands at 280 H St.

Singer and Bassuk Arranges $60.5M Loan for 17 Battery

remstaff &Globe Street | July 18, 2003

NEW YORK CITY-A $60.5 million loan for 17 Battery Place, a 440,000-sf office building across from Battery Park, has been arranged by the Singer Bassuk Organization. Richard Bassuk says this is a very good sign of the Downtown renaissance.

U of M Plans $38M Depression Center

remstaff &Globe Street | July 18, 2003

ANN ARBOR, MI-Health wing of university hopes to expand treatment for depression with a

50-Year-Old Building Sells for $3.1M

remstaff &Globe Street | July 18, 2003

CITY OF COMMERCE, CA-The transaction is the second in weeks for an industrial submarket with a 4% vacancy, one of the lowest to be found in the LA Basin. The latest trade is a 53,100-sf building at the junction of Garfield Avenue and Flotilla Street.

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Overton Moore Rolls Out $43M Project

West Side Shopping Center Gets $4M Loan

SD Holds onto Number Six Standing in State's EDD Report

Medifast Spends $3M on Distribution Facility

State Grants $7.9M for Biotech Research Center

Madison Business Park Asset Sells for $80 Per SF

$1.8M Buys Chula Vista Complex

Singer and Bassuk Arranges $60.5M Loan for 17 Battery

U of M Plans $38M Depression Center

50-Year-Old Building Sells for $3.1M

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