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Book Closes on 46,833-SF Value-Add Play

remstaff &Globe Street | April 16, 2003

MESQUITE, TX-A Dallas partnership has repositioned a single-tenant building, bought in May 2002, into a two-tenant retail property. The investment play had the deck stacked in its favor because the structure sits on an out-parcel at a popular mall.

Coalition Shines Light on Silver Spring

remstaff &Globe Street | April 16, 2003

SILVER SPRING, MD-Local real estate industry leaders come together to form The Downtown Silver Spring Alliance, a non-profit coalition designed to draw real estate industry professionals to the commercial and residential opportunities in the area.

Plantation Square Sells for $7.1M

remstaff &Globe Street | April 16, 2003

MIAMI-Plantation Square Ltd. paid about $109.14 per sf to Greenwich, CT-based National Re/Sources for the 65,055-sf shopping center in Plantation, FL. The center was built in 1979 and had a 98% occupancy at the time of the sale.

Nine Firms Launch Minority/Woman-Owned Real Estate Alliance

remstaff &Globe Street | April 16, 2003

NEW YORK CITY-Partnered with Cushman & Wakefield, nine nationwide minority and woman-owned businesses have joined together to form Concordis Real Estate--an industry first. The alliance officially launched April 16 during an event held here.

$8M Revamp Slated for South Jersey Mall

remstaff &Globe Street | April 16, 2003

MAYS LANDING, NJ-The owners of the one million-sf Hamilton Mall say the upgrade is a response to all of the new retail development in Atlantic City, located less than 20 miles to the east.

Viterra Energy Services Sells for $1B

remstaff &Globe Street | April 16, 2003

SAN DIEGO, CA-British investment firm CVC Capital Partners is acquiring the company, which provides one-stop integrated services for the metering and billing of water and energy. A wholly owned subsidiary of German real estate firm Viterra AG Group, Viterra Energy Services has its US headquarters based in San Diego.

Jamboree Promenade Hits 99% Occupancy

remstaff &Globe Street | April 16, 2003

IRVINE, CA-A quartet of leases, valued at $1.4 million, nearly fill the 58,600-sf center, which is now on the market for $20.6 million after a repositioning by Kensington Real Estate Group. The center was just under 70% filled when it was bought in 2001.

Four Company Expansions Mean 1,300 New Jobs

remstaff &Globe Street | April 16, 2003

DETROIT-Automotive manufacturing and food distribution businesses have taken over property or built anew, instead of moving operations to other states. This is good news for Michigan's employment base.

House Rejects Gambling Bills in MA

remstaff &Globe Street | April 16, 2003

BOSTON-The House overwhelmingly rejects expanding the definition of gambling in the state, effectively ending the Wampanoag tribe's hope that it could develop a casino here. The Senate could take the issue up in its budget debate but it's unlikely to succeed.

Industrial Leasing Picks Up as Vacancies Shrink

remstaff &Globe Street | April 16, 2003

ORLANDO-Seven out of 10 submarkets monitored by the Orlando office of Advantis Real Estate Services Co./GVA show positive net absorption in the 1Q after being negative at the end of 2002. The overall vacancy in metro Orlando's 79.9-million-sf market is 9.2%, down from 10.3% in 4Q 2002.

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Book Closes on 46,833-SF Value-Add Play

Coalition Shines Light on Silver Spring

Plantation Square Sells for $7.1M

Nine Firms Launch Minority/Woman-Owned Real Estate Alliance

$8M Revamp Slated for South Jersey Mall

Viterra Energy Services Sells for $1B

Jamboree Promenade Hits 99% Occupancy

Four Company Expansions Mean 1,300 New Jobs

House Rejects Gambling Bills in MA

Industrial Leasing Picks Up as Vacancies Shrink

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