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Faegre & Benson Ink This Year's Largest Downtown Lease

remstaff &Globe Street | May 28, 2003

DENVER-The law firm is taking 35% more space in the Wells Fargo Center than it did at the nearby Republic Plaza. The 72,200-sf of space includes a high definition plasma screen TV in the reception area, conference facilities with built-in video and teleconferencing capabilities, and a wellness/mother's room for staff.

First Industrial, KFH in $425M Net-Lease Venture

remstaff &Globe Street | May 28, 2003

CHICAGO-The REIT and Kuwait Finance House are familiar partners, having formed a $300-million fund in late 2001 that has exceeded their expectations. Kuwait Finance House puts up $100 million in equity with First Industrial chipping in $18 million.

Wal-Mart Plans Palatine Store

remstaff &Globe Street | May 28, 2003

PALATINE, IL-The nation's largest retailer enters this northwest suburb of Chicago with plans for a 140,000 sf store in Park Place Center. The store, to be built in the center at Rand and Dundee roads, will open in spring 2004.

Plantation Office Campus Sells for $11.5M

remstaff &Globe Street | May 28, 2003

MIAMI-The 124,037-rentable-sf, three-building campus, which sits on 9.4 acres, is mainly occupied by state and county tenants. Procacci Financial Group sold the property to a Southern California-based investment partnership for $93 per sf.

HQ Sells Out at London Sites

remstaff &Globe Street | May 28, 2003

LONDON-Serviced office supplier HQ Global Workplaces has announced 100-pc occupancy in several of its London sites, including Hammersmith, Garrick Street and Park Place.

GVA Adds Partner in South Asia

remstaff &Globe Street | May 28, 2003

NEW DELHI, INDIA-The international commercial real estate services provider adds a partner firm in New Delhi in an effort to improve service for existing and potential clients operating in the Asian market.

Council Approves Inclusionary Housing

remstaff &Globe Street | May 28, 2003

SAN DIEGO-San Diego City Council passes the city's first-ever inclusionary housing policy in a six to two vote. Developers will now be required to build 10% of their residential properties as affordable.

City of Rye Secures Reversal in Home Depot Case

remstaff &Globe Street | May 28, 2003

RYE, NY-A New York State appeals court has reversed a lower court ruling that could have cost the City of Rye, a former mayor and members of the City Council more than $10 million in damages in a case involving retailer Home Depot.

Two Silicon Valley Retail Centers Refinance

remstaff &Globe Street | May 28, 2003

SAN JOSE-RBS Greenwich Capital funds a $20.9-million loan for a 100,000-sf Asian-themed center in San Jose and GE Asset Management funds two loans totaling $11.8 million for a retail property in Santa Clara that has apartment units above it.

State Hotel Occupancies Drop

remstaff &Globe Street | May 28, 2003

DENVER-The Colorado hotel market outside of the Denver area mirrored Denver's declining room rate and increased vacancy making for the worst April since 1988, according to the latest Rocky Mountain Lodging Report.

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Faegre & Benson Ink This Year's Largest Downtown Lease

First Industrial, KFH in $425M Net-Lease Venture

Wal-Mart Plans Palatine Store

Plantation Office Campus Sells for $11.5M

HQ Sells Out at London Sites

GVA Adds Partner in South Asia

Council Approves Inclusionary Housing

City of Rye Secures Reversal in Home Depot Case

Two Silicon Valley Retail Centers Refinance

State Hotel Occupancies Drop

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