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44-Unit Complex Fetches $4.2M

remstaff &Globe Street | February 06, 2003

BUENA PARK, CA-In a deal between two sets of private individuals, the Melrose Manor Apartments at 7200 Melrose St. change hands in 1031 Exchanges for both the buyers and the sellers. The 1970-era complex was fully leased at closing.

Archon Group LP Acquires Plaza Del Mar III

remstaff &Globe Street | February 06, 2003

SAN DIEGO-The affiliate of Goldman, Sachs & Co. purchases the 114,000-sf office facility from Janez Properties. Currently 100% leased, the building is occupied by tenants such as Sheppard, Mullin, Richter & Hampton LLP and Prudential California Realty.

New Lease, New Owner for Harry Hines Tract

remstaff &Globe Street | February 06, 2003

DALLAS-A Dallas partnership, led by two well-known Dallas names, acquires a hard corner, with a 42,000-sf building, at Harry Hines Boulevard and Empire Central. A 13,000-sf lease is in hand to push occupancy to 100%.

Auburn-Gresham Welcomes Walgreens, New Retail

remstaff &Globe Street | February 06, 2003

CHICAGO-The underserved South Side neighborhood gets a 15,000-sf drug store at 87th Street and Ashland Avenue, where a liquor store once stood, as well as 8,000 sf of new retail space.

Sublease and Construction Slowdowns Keep Suburbs in Check

remstaff &Globe Street | February 06, 2003

PHILADELPHIA-The suburban office vacancy rate seems to have stabilized at

Hemet Shopping Center Rallies $2.1M

remstaff &Globe Street | February 06, 2003

HEMET, CA-Market Street Land & Cattle Co. LLC buys the 46,300-sf Hemet Shopping Center at 2255-2275 E. Florida Ave. from AC Centers Ltd., using proceeds from a 1031 Exchange of a land sale.

UW Opens Tech Center, Prepares for Warehouse Conversions

remstaff &Globe Street | February 06, 2003

TACOMA, WA-UW Tacoma spent $1.55 million to buy the 12,000-sf Pinkerton building in 2001 and spent another $3 million to transform into the headquarters of its Institute of Technology. A $41-million conversion of five industrial buildings into classroom space is next on the university's Tacoma agenda.

Developers Debate New Mixed-Use Buckhead Venture

remstaff &Globe Street | February 06, 2003

ATLANTA-Although Atlanta city council has given the green light for an 18-story hotel, office, retail and condo-apartment site in the affluent suburb, Lane Investment and Development Corp. and Buckhead Land Trust say the market is not yet ready for the project.

Cabot Collects $7.6M for Vacant Building

remstaff &Globe Street | February 06, 2003

CHATSWORTH, CA-Investor AKA Properties Group buys the 124,518-sf building at 21350 Lassen St. from Cabot Industrial Properties LP. Built in the 1970s, the building's last tenant was the Dream Works SKG movie studio.

$19.7M Financing Set for Wal-Mart-Anchored Shopping Center

remstaff &Globe Street | February 06, 2003

CLINTON, NJ-The permanent funding was obtained by an affiliate of National Realty & Development in a transaction arranged by Cronheim Mortgage. The complex totals 256,000 sf and is co-anchored by a ShopRite supermarket.

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44-Unit Complex Fetches $4.2M

Archon Group LP Acquires Plaza Del Mar III

New Lease, New Owner for Harry Hines Tract

Auburn-Gresham Welcomes Walgreens, New Retail

Sublease and Construction Slowdowns Keep Suburbs in Check

Hemet Shopping Center Rallies $2.1M

UW Opens Tech Center, Prepares for Warehouse Conversions

Developers Debate New Mixed-Use Buckhead Venture

Cabot Collects $7.6M for Vacant Building

$19.7M Financing Set for Wal-Mart-Anchored Shopping Center

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