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Jokake Names VP

remstaff &Globe Street | July 16, 2003

PHOENIX-Jill Clements will oversee Jokake's development project management for commercial and medical offices properties. The development and asset management firm controls more than 5,500 acres in Maricopa County.

Indiana Terrace on HUD Auction Block

remstaff &Globe Street | July 16, 2003

CHICAGO-The 69-unit multifamily rental building at 6000 S. Indiana Ave. needs nearly $1.7 million in repairs, but is expected to generate $468,628 in net operating income.

Two Former Lotus Buildings Sell for $84.5M

remstaff &Globe Street | July 16, 2003

CAMBRIDGE, MA-IBM sells One Rogers St. and One Charles St. to an affiliate of Rockwood Capital Real Estate Fund IV for $84.5 million. The adjoining first-class office buildings total 360,000 sf and were acquired by IBM when it bought Lotus Development Corp.

Correctional Properties Trust to Offer Three Million Shares

remstaff &Globe Street | July 16, 2003

PALM BEACH GARDENS, FL-Locally based Correctional Properties Trust gave underwriters the option to purchase an extra 450,000 shares of common stock to cover any over-allotments.

Thomas Unveils $125M Makeover Plan for Arco Plaza

remstaff &Globe Street | July 16, 2003

LOS ANGELES-The LA-based Thomas Properties Group says it wants to return the 2.7-million-sf office complex to its former status. The overhaul goes from the aesthetic to the mechanical as well as bringing a new look for the retail.

Arlington Hospitality Puts 30 Hotels on Market

remstaff &Globe Street | July 16, 2003

ARLINGTON HEIGHTS, IL-The move is an attempt to shift into more profitable efforts, such as hotel development and ownership of properties in larger markets. Atlanta-based Thompson Calhoun Fair is brokering the two-step disposition.

Business Reaps The Benefits of a Weak Rental Market

remstaff &Globe Street | July 16, 2003

LONDON-Research by the RICS points to a UK business community that is taking advantage of low rents and is moving offices. As a result, rents are stabilising after their downward slide

NAI Mertz Markets Two Buildings Totaling 196,000 SF

remstaff &Globe Street | July 16, 2003

MT. LAUREL, NJ-The separate assets, located in Camden and Burlington counties, are on the market for either sale or lease. The largest is a 112,000-sf industrial building here.

Executive Watch

remstaff &Globe Street | July 15, 2003

Jonathan A. Schein …

Tempe Wins Western Hub in Three-City Race

remstaff &Globe Street | July 15, 2003

TEMPE, AZ-Output Services Group of Englewood, NJ, picks Phoenix over Los Angeles and Las Vegas. The firm pays about $1.2 million for the 25,916-sf industrial building in a plan to occupy 18,000 sf and lease the balance until it's needed.

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Jokake Names VP

Indiana Terrace on HUD Auction Block

Two Former Lotus Buildings Sell for $84.5M

Correctional Properties Trust to Offer Three Million Shares

Thomas Unveils $125M Makeover Plan for Arco Plaza

Arlington Hospitality Puts 30 Hotels on Market

Business Reaps The Benefits of a Weak Rental Market

NAI Mertz Markets Two Buildings Totaling 196,000 SF

Executive Watch

Tempe Wins Western Hub in Three-City Race

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