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Insignia, on a Roll, Signs Mitsui to 85,000-SF Renewal

remstaff &Globe Street | April 21, 2003

NEW YORK CITY-Mitsui & Co. inks a 15-year re-up at the MetLife Building, where rents hover in the mid 60s per foot. While Insignia is mum on details, sources familiar with the deal put the agreed-upon rent between $55 and $60 per sf.

Advest Inks 5,032-SF Lease at 100 Four Falls

remstaff &Globe Street | April 21, 2003

WEST CONSHOHOCKEN, PA-The Hartford, CT-based financial services firm will

Goodrich Corp. Unloading 151,600-SF Building at Paine Field

remstaff &Globe Street | April 21, 2003

EVERETT, WA-The supplier of systems and services to the aerospace industry hires Colliers International to find a buyer for the excess two-story tilt-up that sits on 7.57 acres within the Paine Field Airport. The asking price for the vacant building is $57.39 per sf.

SPH Crane & Hoist Completes Sale-Leaseback with Podco Morris Assoc.

remstaff &Globe Street | April 21, 2003

FRANKLIN, OH-The company sells and leases back a 74,225-sf facility in Franklin as well as a 36,500-sf facility in Birmingham, AL. The total value of the transactions is approximately $7 million.

Parker Apartment on Market for $31.62M

remstaff &Globe Street | April 21, 2003

PARKER, CO-A major multifamily property in this town southeast of Denver, the 372-unit Ironstone at Stroh Ranch, has been put on the block by the Bank of America.

Inland Buys Fleet Building in $21M Sale-Leaseback

remstaff &Globe Street | April 20, 2003

BOSTON-Oak Brook, IL-based Inland Real Estate Acquisitions Inc. pays $61 per sf for the 26-story building in the Providence, RI Financial District, then signs the former owner to an 11-year lease on the entire asset.

Apartment Association Proposes Water-Saving Measures

remstaff &Globe Street | April 20, 2003

DENVER-Drought has hit the Denver area hard, and the apartment owners' trade group is negotiating with the Denver Water Board to enact a retrofiting plan that would save 47 million gallons a water a year.

Hibiscus Pays $16.9M for Torrey Hills Asset

remstaff &Globe Street | April 20, 2003

SAN DIEGO, CA-Hibiscus Investments Inc. acquires the Torrey View Corporate Center from a joint venture involving San Diego Realty Advisors LLC and Southland Property Group. Encompassing 71,788 sf, the class A office facility stands on a 4,24-acre parcel within the Torrey Hills master-planned development. It is currently 86% leased.

Lone Houston Asset Brings About $3.2M

remstaff &Globe Street | April 20, 2003

HOUSTON-JS Properties of Portland, OR sells its only asset in town, the 104-unit South Chase Apartments. The winning offer is placed by a Houston investor, who plans on capturing the upside with a rent hike and local management.

Cement Company to Make Move from Riverfront Development Area

remstaff &Globe Street | April 20, 2003

DETROIT-Lafarge North America has agreed to vacate an area slated for a $500 million development, and move to the former Detroit Coke site. The city is working to move two other cement plants to that site as well.

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Insignia, on a Roll, Signs Mitsui to 85,000-SF Renewal

Advest Inks 5,032-SF Lease at 100 Four Falls

Goodrich Corp. Unloading 151,600-SF Building at Paine Field

SPH Crane & Hoist Completes Sale-Leaseback with Podco Morris Assoc.

Parker Apartment on Market for $31.62M

Inland Buys Fleet Building in $21M Sale-Leaseback

Apartment Association Proposes Water-Saving Measures

Hibiscus Pays $16.9M for Torrey Hills Asset

Lone Houston Asset Brings About $3.2M

Cement Company to Make Move from Riverfront Development Area

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