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Federal Realty Collects Two New Shopping Centers for $31M

remstaff &Globe Street | April 01, 2003

FAIRFAX COUNTY, VA-The firm is adding two new retail centers to its portfolio with the $31 million purchase of South Valley Shopping Center and Mount Vernon Plaza from separate owners. The adjacent properties account for 213,000 sf and 257,000 sf, respectively.

Dallas REIT Selling 22 Hotels in Capital Play

remstaff &Globe Street | April 01, 2003

DALLAS-PMC Commercial and its lender arm, PMC Capital, are working toward a fourth-quarter merger, but until then capital strategies are at work, from a portfolio sale of AmeriHost Inns to a $46-million co-securitization that hopefully closes in Q2.

Schostak Trying City's Patience in $55M Project

remstaff &Globe Street | April 01, 2003

ROYAL OAK, MI-Developer wants another in a series of extensions for agreement to build

Hager Pacific Pays $68M for Regional Mall

remstaff &Globe Street | April 01, 2003

LOS ANGELES-The Southern California investment company more than doubles its retail portfolio with the purchase of the 850,000-sf Baldwin Hills Crenshaw Plaza from Pan Pacific Retail Properties.

Polo/Ralph Lauren Vacates 97,000-SF Industrial Center

remstaff &Globe Street | April 01, 2003

LYNDHURST, NJ-In the Meadowlands, Cushman & Wakefield lands the assignment to fill the Wilson Associates-owned building, which was once occupied by Syms Clothing, and before that Coach Leatherware.

Marriott Needs 1,200 Workers to Open Two Hotels

remstaff &Globe Street | April 01, 2003

ORLANDO-With only 90 days left before the 1,000-room JW Marriott and the 585-room Ritz-Carlton are scheduled to open, Marriott International Inc. has launched an atypical hiring approach believed to be the first in the state's hospitality industry.

IBM Takes 70,000 SF at Towers Crescent

remstaff &Globe Street | April 01, 2003

VIENNA, VA-IBM takes on nearly 70,000 sf in the 200,000-sf building in the Towers Crescent office development complex. The company will occupy the space, located at 8020 Towers Crescent Dr., under a five-year lease agreement.

Titan Corp. to Be Sole Tenant in $25M Building

remstaff &Globe Street | April 01, 2003

ANNE ARUNDEL COUNTY, MD-Corporate Office Properties Trust secures a tenant to occupy what will be a new 157,000-sf, class A office building within the National Business Park. California-headquartered communication systems services provider the Titan Corp. will take up residence in the entire $26-million building.

Midwestern Food Dist. Enters Southeast Market

remstaff &Globe Street | April 01, 2003

ATLANTA-After a three-month search for customized refrigerated and dry freight space, CB Richard Ellis Inc. has found WEL Cos. 64,400 sf in suburban McDonough, GA where the company will be opening its eighth and largest national terminal.

Symphony Development Bags Retail Space

remstaff &Globe Street | April 01, 2003

TEMECULA, CA-The firm snaps up 7,075 sf in Temecula's Winchester Meadows Shopping Center. Tenants here include Ralphs and Longs Drugs.

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Federal Realty Collects Two New Shopping Centers for $31M

Dallas REIT Selling 22 Hotels in Capital Play

Schostak Trying City's Patience in $55M Project

Hager Pacific Pays $68M for Regional Mall

Polo/Ralph Lauren Vacates 97,000-SF Industrial Center

Marriott Needs 1,200 Workers to Open Two Hotels

IBM Takes 70,000 SF at Towers Crescent

Titan Corp. to Be Sole Tenant in $25M Building

Midwestern Food Dist. Enters Southeast Market

Symphony Development Bags Retail Space

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