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Trio Ends Office Searches, Leases 25,863 SF

remstaff &Globe Street | February 13, 2003

DALLAS-Two direct office leases, totaling 12,973 sf, and one sublease for 12,890 sf corner final signatures from tenants and building owners. The AIDS Interfaith Network is eyeing an April 1 opening of an 11,402-sf facility in Oak Cliff.

Genesis Spins Off 246-Unit ElderCare Business

remstaff &Globe Street | February 13, 2003

KENNETT SQUARE, PA-By separating its Baltimore-based NeighborCare institutional pharmacy business from its locally based ElderCare nursing home and assisted living empire, Genesis is poised to grow the pharmacy side of its business and entertain offers to sell off ElderCare.

121,642-SF Industrial Building Trades

remstaff &Globe Street | February 13, 2003

STAFFORD, TX-A California investment group wins the deed to 13100 N. Promenade Blvd., a build-to-suit property occupied by a local plastics manufacturer. The building was on the market for 90 days with a $9-million price tag.

Cerrito Theater Poised for Renovation

remstaff &Globe Street | February 13, 2003

EL CERRITO, CA-The redevelopment agency is currently considering whether or not to sign a lease agreement with Speakeasy Theaters that would enable the movie company to run the Cerrito Theater.

Donation Sparks CSU Expansion

remstaff &Globe Street | February 13, 2003

PLACER COUNTY, CA-Developer Eli Broad has offered to donate 250 acres of his 2,200-acre Placer Ranch in Placer County to accommodate a proposed satellite campus for California State University, Sacramento.

Six Industrial Leases Rope Off 197,331 SF

remstaff &Globe Street | February 13, 2003

DALLAS-Several tenants in the group are settling into their new manufacturing and distribution quarters. One newcomer to the state gets a third US production site and an address near its Telecom Corridor customers.

Sweetwater Cove Apartments Sell For $10.5M

remstaff &Globe Street | February 13, 2003

ATLANTA-Sun Valley Properties LLP, a private Columbus, GA-based investor, paid Property II Investors Inc. of Atlanta $30,172 per unit or $36 per sf for the 348-unit, 85%-leased property in suburban Mableton, GA.

Gray Hawk Systems Grows in Virginia

remstaff &Globe Street | February 13, 2003

ALEXANDRIA, VA-Making room for the growing demand in the defense and homeland security industries, engineering services provider Gray Hawk Systems reveals plans for an $8.7 million expansion to its Alexandria headquarters and its five other locations in the state.

Philly Named No. 2 Multifamily Buyer's Market

remstaff &Globe Street | February 13, 2003

PHILADELPHIA-In a study of America's top 10 multifamily investment markets by Irvine, CA-based Sperry Van Ness, Philadelphia, with an average yield of 11.09% and $39,384 price-per-unit, stands in the top three buyer's markets, flanked by Cleveland and Cincinnati, OH.

Planning Commission Takes Finger Off Trigger

remstaff &Globe Street | February 12, 2003

PORTLAND-After much testimony from commercial property owners, the Portland Planning Commission is recommending to the City Council a four-fold increase in the price trigger that requires 10% of a project be spent on bringing a property into compliance with current standards for bicycle parking, pedestrian circulation, landscaping and screening.

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Trio Ends Office Searches, Leases 25,863 SF

Genesis Spins Off 246-Unit ElderCare Business

121,642-SF Industrial Building Trades

Cerrito Theater Poised for Renovation

Donation Sparks CSU Expansion

Six Industrial Leases Rope Off 197,331 SF

Sweetwater Cove Apartments Sell For $10.5M

Gray Hawk Systems Grows in Virginia

Philly Named No. 2 Multifamily Buyer's Market

Planning Commission Takes Finger Off Trigger

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