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Developer Completes $16M Vantis Project

remstaff &Globe Street | April 28, 2003

ALISO VIEJO, CA-Snyder Langston wraps up work on the 177,000-sf first phase of Shea Properties' Vantis development, which is 70% occupied by Safeco Corp. The five-story building has the attention for now, but there's some talk of a build-to-suit neighbor.

Insurer Signs Lease at Six Executive Campus

remstaff &Globe Street | April 28, 2003

CHERRY HILL, NJ-In an expansion move, residential mortgage lender Nations Home Mortgage Corp. will open a new regional office in the 300,000-sf Brandywine Realty Trust asset.

HPT Terminates Wyndham Operations at 15 Hotels

remstaff &Globe Street | April 28, 2003

NEWTON, MA-Hospitality Properties Trust terminates Wyndham International's occupancy and operations of 15 Summerfield hotels after Wyndham defaults on its rent.

Potomac Run Pulls in $59M

remstaff &Globe Street | April 28, 2003

STERLING, VA-Potomac Run shopping center hits the market with a bang and sells to Kimco Realty Corp. for $59 million. The deal encompasses 361,365 sf of the 486,569-sf retail destination, as anchor tenant Target continues to own 125,204-sf of the space.

$25M Finances Office Building

remstaff &Globe Street | April 28, 2003

IRVINE, CA-The 10-year loan provides permanent financing for the newly completed Pacific Life & Annuity Building, a development of Layton-Belling & Associates. Pacific's lease secures the 132,064-sf building for the next decade.

First Lease Inked at Gateway of Grand Blanc and 34,000-sf Industrial Building Sold

remstaff &Globe Street | April 28, 2003

DETROIT-The first of an 11-building apartment complex in Grand Rapids, MI has signed its first lease as it opens its leasing office. In a Farmington Hills, MI, G&E sold a 34,000-sf industrial facility.

CNL Plowing $65M Into JV With Hersha

remstaff &Globe Street | April 28, 2003

ORLANDO-The locally based REIT and the Harrisburg, PA-based Hersha Hospitality Trust plan a total capitalization of $150 million for purchasing newly built hotels in eight states. Area brokers project that the firm's portfolio will surpass 100 properties within five years.

Time Warner Loses Again on Six Flags Appeal

remstaff &Globe Street | April 28, 2003

ATLANTA-The U. S. Supreme Court rules that a 1998 jury award of $257 million in punitive damages was not excessive against the Atlanta-based communications and entertainment company, accused by its investors of mismanaging the Six Flags Over Georgia amusement park.

61,000-SF Great Southwest Building Trades

remstaff &Globe Street | April 28, 2003

ARLINGTON, TX-Federal Sign & Signal sells the 1960s-era building to HS Floral of Arlington, a wholesale distributor who got the structure and 3.2 acres at a below-market price. The deal closed in a start to finish of 40 days.

75% of Arthur Anderson Hole Filled at 101 2nd St.

remstaff &Globe Street | April 28, 2003

SAN FRANCISCO-Including a full-floor lease by the California Appellate Project signed this month, brokers now have filled six of the eight floors vacated by Arthur Anderson last fall. The four-year-old property is owned by Cousins Property and Myers Development.

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Developer Completes $16M Vantis Project

Insurer Signs Lease at Six Executive Campus

HPT Terminates Wyndham Operations at 15 Hotels

Potomac Run Pulls in $59M

$25M Finances Office Building

First Lease Inked at Gateway of Grand Blanc and 34,000-sf Industrial Building Sold

CNL Plowing $65M Into JV With Hersha

Time Warner Loses Again on Six Flags Appeal

61,000-SF Great Southwest Building Trades

75% of Arthur Anderson Hole Filled at 101 2nd St.

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