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Collins Hopes Improving Economy Will Help Rental Market

remstaff &Globe Street | July 05, 2003

WHITE PLAINS, NY -Developer Arthur Collins II, co-founding principal of Collins Enterprises LLC, says the recent downturn in the rental housing market can be tied directly to the bad winter weather, the troubled economy and the poor job market.

Hospitality Properties Trust says Prime Hospitality is in Default

remstaff &Globe Street | July 05, 2003

NEWTON, MA-Hospitality Properties Trust says Prime Hospitality Corp. failed to pay rent on 24 AmeriSuites Hotels, which are leased to a subsidiary of Prime, located in 14 states. Hospitality Properties Trust says Prime owes nearly two million dollars.

More Cash Poised for European Property

remstaff &Globe Street | July 04, 2003

LONDON-The size of the invested commercial property market in Europe has the scope to grow by around euro70 billion ($81 billion) to euro1.9 trillion ($2.2 billion) by the end of 2007, according to DTZ's <I>Money into Property--Europe</I> report

Duke and Baronet Top in Belgravia

remstaff &Globe Street | July 04, 2003

LONDON-Belgrave House, the largest speculative development under construction in London's West End, has been topped out by the Duke of Westminster and Sir William McAlpine

Green Light for Brands Hatch Sale

remstaff &Globe Street | July 04, 2003

LONDON-You can buy four top British racing circuits, including Brands Hatch, and host your own grand prix. Their American owner has put them on the market through Jones Lang LaSalle

GlobeSt.com UPDATE: Council Gives $36.7M Blessing

remstaff &Globe Street | July 03, 2003

SCOTTSDALE, AZ-On a 4-to-3 vote, Scottsdale City Council says "yes" to a big box retail center, funded in part with tax dollars. Developer Steve Ellman plans include a Wal-Mart Supercenter, Sam's Club and Lowe's.

Vue Takes 11,000-SF at Chiswick Park

remstaff &Globe Street | July 03, 2003

LONDON-Stanhope has let another headquarters building to a media/entertainment company at its West London business park. Rent is believed to be 30-pounds ($50) per sf

Cable & Wireless Subleases Data Center

remstaff &Globe Street | July 03, 2003

ATLANTA-The 143-year-old, London-based firm selects the Atlanta office of Advantis Real Estate Services Co. to find a tenant for the vacant three-year-old, 313,581-sf 101 Aquila Way Building owned by Crescent Resources LLC.

Maleta Construction Breaks Ground on Opera Center

remstaff &Globe Street | July 03, 2003

MIAMI-The $25 million, 284,000-sf Andersen Opera Center planned here is scheduled to be completed in 2005. It will house Florida Grand Opera offices, artist apartments, a 500-seat theater and rehearsal halls.

$110,000 Pact Earns First Phoenix Location

remstaff &Globe Street | July 03, 2003

PHOENIX-Altec Industries signs a three-year lease for a 5,500-sf, single-story building with a large yard, one of the few locations that could meet the California company's criteria.

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