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Under-Construction Center Hits 75% Mark

remstaff &Globe Street | February 18, 2003

AVONDALE, AZ-The 308,000-sf Gateway Pavilions marks the milestone and predicts the balance of the inline space will be filled within the next four months. The sweet part, says the developer, is it's still 10 months from delivery.

Opus Sells 215,515-SF BTS for $10.5M

remstaff &Globe Street | February 18, 2003

CAROL STREAM, IL-Silicone and foam products manufacturer Rogers Corp. pays $49 per sf for the building, as well as acquiring an 18-acre site on St. Charles Road just west of Gary Avenue from Opus North Corp.

Urstadt Biddle Acquires Westport, CT Retail Center for $10M

remstaff &Globe Street | February 18, 2003

WESTPORT, CT-Urstadt Biddle Properties Inc, of Greenwich reports it has closed on the purchase of the 40,000-sf Green's Farms Plaza shopping center here for $10.1 million. The property had been in contract since September.

Lowe Names New Development Exec

remstaff &Globe Street | February 18, 2003

LOS ANGELES-Robert J. Lowe Jr. is named president and COO of the hospitality and resort community development subsidiary of Lowe Enterprises. The 11-year company veteran and son of the founder moves up from senior vice president.

Condo Complex Kicks Off Official Sales Program

remstaff &Globe Street | February 18, 2003

HOBOKEN, NJ-The Huntington, an upscale 110-key complex being developed by the locally based Metro Homes, debuts with half of its units sold during a pre-sales program.

$22.3M Loan Buys 708-Unit Houston Complex

remstaff &Globe Street | February 18, 2003

HOUSTON-An affiliate of Dallas' Winston Capital rolls over the Mills at 10225 Bissonnet St. in the southwest submarket to a San Francisco-based buyer who's acquired close to 1,300 units in an 18-month Texas buying spree.

Leasing Slump Lands $350M Rouse Dev. on Back Burner

remstaff &Globe Street | February 18, 2003

ATLANTA-The Columbia, MD-based developer, shooting for a late 2003 ground-breaking, is delaying for six months to a year the construction start of the 1.4-million-sf, open-air regional mall in Forsyth County.

Two Tales in Suburban Office Refinance Deals

remstaff &Globe Street | February 18, 2003

BUFFALO GROVE, IL-A 98,105-sf building at 700 E. Lake Cook Rd. is worth $70.57 per sf, according to a loan arranged by Cohen Financial's capital market unit, while a smaller asset at 1530 E. Dundee Rd. in Palatine is worth $100 per sf, and 28% more than what it sold for three years ago.

CBRE Buys Insignia in $415M Agreement

remstaff &Globe Street | February 18, 2003

NEW YORK CITY-As earlier reported on GlobeSt.com, CB Richard Ellis will buy out rival Insignia Financial Group. CB's Ray Wirta will continue to run the show and Insignia's Steve Siegel will head up global brokerage operations.

C&W Report: 743M-SF Industrial Market Still Solid

remstaff &Globe Street | February 18, 2003

EAST RUTHERFORD, NJ-The northern and central parts of the Garden State, which combined are the country's third largest industrial market, continue to attract both tenant and investor interest.

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Under-Construction Center Hits 75% Mark

Opus Sells 215,515-SF BTS for $10.5M

Urstadt Biddle Acquires Westport, CT Retail Center for $10M

Lowe Names New Development Exec

Condo Complex Kicks Off Official Sales Program

$22.3M Loan Buys 708-Unit Houston Complex

Leasing Slump Lands $350M Rouse Dev. on Back Burner

Two Tales in Suburban Office Refinance Deals

CBRE Buys Insignia in $415M Agreement

C&W Report: 743M-SF Industrial Market Still Solid

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