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No Slowdown Seen in Senior Housing Projects

remstaff &Globe Street | February 20, 2003

CHICAGO-Economic doldrums or aldermanic elections may be putting other development projects on hold in the city, but those involving affordable multifamily units for senior citizens continue to be planned and built.

Church Street Station Dev. Wins $3M Package

remstaff &Globe Street | February 20, 2003

ORLANDO-For the money, Louis J. Pearlman, the creator of internationally-acclaimed boy bands, promises to stage at least 250 nightly outdoor musical events per year Downtown and open a museum dedicated to the history of music in Florida.

Crow Hires Ex-McDonald's Exec.

remstaff &Globe Street | February 20, 2003

ORLANDO-T. Andrew Hawkins joins the Orlando office of Trammell Crow Co. as vice president of brokerage services in North Florida for two corporate accounts--ExxonMobil Corp. and Bank of America.

Stop & Shop Signs Lease for Nearly 56,000 SF

remstaff &Globe Street | February 20, 2003

SOUTH BRUNSWICK, NJ-The Massachusetts-based grocer will take over a Grand Union store at a Strategic Resources shopping center that has some other anchor problems that need to be solved.

Tacoma Hotel Gets $5M Facelift

remstaff &Globe Street | February 20, 2003

TACOMA, WA-Nearly one year after Tacoma's former Fife Executive Inn closed due to bankruptcy, Quad/Tucci will reopen the facility as the Best Western Fife Hotel & Conference Center.

Alter Group Sells 835,000-SF Industrial/Office Asset

remstaff &Globe Street | February 20, 2003

INDEPENDENCE, KY-The facility, 100% net-leased to Thomson Learning, goes to a Boca-Raton-based investment group led by Jeffrey L. Schmier. The deal includes the buyer's commitment to purchase 20 adjacent acres, should Thomson decide to expand.

Macfarlan Banks $5.2M With Unsolicited Offer

remstaff &Globe Street | February 20, 2003

CARROLLTON, TX-Macfarlan says the contract was too good to pass up: a market rate for the 141,735-sf Crosby/35 Business Park, even though a new leasing team had just been put into place and the market prospects looked good.

Austin Suburb Tightens Development Rules

remstaff &Globe Street | February 20, 2003

AUSTIN-Beginning March 3, Sunset Valley, a thriving retail hub, limits surface parking area to 18% of the tract size for new developments. It had been 40% to 50%. The stiffer action comes about three months after a development moratorium.

Roseville Office Complex Sells for $30M

remstaff &Globe Street | February 20, 2003

ROSEVILLE, CA-Wong Family Investors used the proceeds from the sale of a shopping center in Antelope to purchase Eureka Corporate Plaza, a Roseville office complex.

Koll Presidency Handed Off

remstaff &Globe Street | February 20, 2003

DALLAS-Steve Van Amburgh steps down as president, but remains as CEO to give a major promotion to Toby Grove, a 10-year employee. Grove's role as division president will be divvied between EVPs in Dallas and California.

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