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Trizec Gets $90M for 952,000 SF in D.C., Detroit

remstaff &Globe Street | March 31, 2003

CHICAGO-Rosslyn Gateway in Arlington, VA, fetches $215 per sf, while on the other end of the spectrum, New Center One in Detroit is sold for less than $35 per sf.

Quiksilver Rides Into Times Square

remstaff &Globe Street | March 31, 2003

NEW YORK CITY-Sun and surf have swished into 3 Times Square with the debut of Quiksilver Inc.'s newest boardriders club. Claiming to have found a market in urban locations, the 3,300-sf retail store marks the company's second Manhattan address.

Microsoft Takes 100,000 SF at 1290 Ave. of the Americas

remstaff &Globe Street | March 31, 2003

NEW YORK CITY-While Deutsche Bank consolidates its space at 60 Wall St., it assigns its sixth floor holdings at 1290 to Microsoft. The sheetrock is already moving in, says one source close to the deal, as the software giant preps its new HQ space.

Interstate Hotels Names New CIO

remstaff &Globe Street | March 31, 2003

WASHINGTON, DC-Envisioning an upswing in the hospitality industry, which took a big hit after Sept. 11, management company Interstate Hotels & Resorts taps one of its own to serve as chief investment officer. Steven D. Jorns officially begins his new job on April 1.

$10M in Financing for 71,000-SF Supermarket

remstaff &Globe Street | March 31, 2003

NORWELL, MA-$10 million in financing is secured by a freestanding Super Stop & Shop supermarket, located at 468 Washington St., which consists a 59,919-sf store and a 11,300-sf mezzanine.

Starbucks International Ends Joint Venture in Israel

remstaff &Globe Street | March 31, 2003

TEL AVIV, ISRAEL-The subsidiary of Starbucks Coffee Co. and the Delek Group of Israel have "mutually" agreed to end their joint venture, Shalom Coffee Company. The decision will close six Starbucks stores in Tel Aviv, the only Starbucks locations in Israel.

Opposition Rises on Mass Pike Tower Project

remstaff &Globe Street | March 31, 2003

BOSTON-The state's environmental agency wants the developers of the Columbus Center project to disclose additional financial information, study other design alternatives and provide analyses on transportation. Industry experts see a dangerous precedent for other developers.

Panattoni Ahead of Schedule on Riverside Parkway Corporate Center

remstaff &Globe Street | March 31, 2003

PORTLAND-Panattoni Development is ahead of the schedule, according to its option agreement with the Portland Development Commission, which requires the Sacramento-based developer to take down five acres every 18 months and 20 acres over the first five years.

24-Unit Multifamily Property Pulls $1.6M

remstaff &Globe Street | March 31, 2003

ANAHEIM, CA-The buyer and the seller were both in 1031 Exchanges in the trading of a 42-year-old property, which was 100% occupied. Built in 1961, the North Dresden Place asset is bringing in rents from $630 to $750 per month.

Dollar Discounters Find More Locations

remstaff &Globe Street | March 31, 2003

DALLAS-Two chains, both plying expansion strategies for more than a year, secure three more locations: Highland Village, Granbury and Weatherford. The leases, all long term, range from 7,054 sf to 10,004 sf.

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Trizec Gets $90M for 952,000 SF in D.C., Detroit

Quiksilver Rides Into Times Square

Microsoft Takes 100,000 SF at 1290 Ave. of the Americas

Interstate Hotels Names New CIO

$10M in Financing for 71,000-SF Supermarket

Starbucks International Ends Joint Venture in Israel

Opposition Rises on Mass Pike Tower Project

Panattoni Ahead of Schedule on Riverside Parkway Corporate Center

24-Unit Multifamily Property Pulls $1.6M

Dollar Discounters Find More Locations

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