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Struggling Texas City Nails Call Center Deal

remstaff &Globe Street | March 19, 2003

EDINBURG, TX-Merkafon Teleperformance, a French teleservices firm, will open a 464-workstation center in half of a shuttered grocery store. State and local agencies kick in perks, such as $500,000 for rent payments, for the seven-year commitment.

Avondale Retail Plaza Sells for $3.5M

remstaff &Globe Street | March 19, 2003

AVONDALE, AZ-The 46,008-sf Avondale Shopping Center's shadow space at 1450 N. Dysart Rd. trades to a Phoenix retail-oriented investment group. The deal closed with a strong 12% cap rate. The grocery anchor wasn't part of the deal.

Korean Railcar Firm Inks 110,000-SF Naval Yard Lease

remstaff &Globe Street | March 19, 2003

PHILADELPHIA-Seoul-based Rotem Co. will establish production facilities for

C&W Names New Office Leasing Director

remstaff &Globe Street | March 19, 2003

SAN FRANCISCO-Peter Victor, most recently responsible for leasing and marketing Boston Properties' 4.5-million-sf Northern California portfolio, joins Cushman & Wakefield's as a director of office leasing in San Francisco.

$7M Hearing and Speech HQ Gets Under Way

remstaff &Globe Street | March 19, 2003

COLUMBIA, MD-The Hearing and Speech Agency's new $7-million headquarters gets underway. Developer and contractor Manekin LLC expects to complete the two-story 47,000-sf facility, which will be in the Seton Business Park, later this fall.

Westfield Beefs Up COO Team

remstaff &Globe Street | March 19, 2003

LOS ANGELES-Kenneth Wong shares the COO duties for US projects after he exits as the Dallas partner in charge for Urban Related Capital, formerly Palladium, in New York City, which did an about-face in Dallas.

Local Group Files Appeal To Prevent Development of 280,000-SF IKEA

remstaff &Globe Street | March 19, 2003

SOMERVILLE, MA-Mystic View Task Force, a 200-member local activist group, files an appeal to block the construction of a 280,000-sf IKEA store. The Swedish furniture company wants to build the store on a 16.6-acre parcel at Assembly Square.

Quintain Sells South Bank Offices at a Loss

remstaff &Globe Street | March 19, 2003

LONDON-Quintain has sold Chaucer House, a 20,700-sf office building on London's South Bank, for pounds 5 million ($8 million), booking a pounds 1 million ($1.6 million) loss in the process.

ResortQuest Loses $17.5M in 4Q, $13.5M in 2002

remstaff &Globe Street | March 19, 2003

ORLANDO-The leading property manager of vacation condos, homes and villas posted gross lodging revenue of $58.5 million for 4Q 2002, up 10.5% from the same 2001 period. At Dec. 31, 2002, ResortQuest had $16.3 million in total cash and total debt of $75.1 million.

Adelphia Looks at Terrace Tower II

remstaff &Globe Street | March 19, 2003

DENVER-Bankrupt Adelphia Communications, which wants to move its corporate headquarters to Denver from Coudersport, PA, is still searching for office space. A deal could eventually be made in the Denver Tech Center.

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Struggling Texas City Nails Call Center Deal

Avondale Retail Plaza Sells for $3.5M

Korean Railcar Firm Inks 110,000-SF Naval Yard Lease

C&W Names New Office Leasing Director

$7M Hearing and Speech HQ Gets Under Way

Westfield Beefs Up COO Team

Local Group Files Appeal To Prevent Development of 280,000-SF IKEA

Quintain Sells South Bank Offices at a Loss

ResortQuest Loses $17.5M in 4Q, $13.5M in 2002

Adelphia Looks at Terrace Tower II

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