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Symphony Takes Five-Year, $600,000 Renewal

remstaff &Globe Street | February 03, 2003

PHOENIX-The Phoenix Symphony Orchestra opts to hold onto a 6,407-sf anchor spot in the Garden Office Pavilion at 355 N. Third St. The orchestra, which has its admin and box offices in the office space, gets a larger sign and "grander presence.

116 Units Trade for $11.3M

remstaff &Globe Street | February 03, 2003

WEST COVINA, CA-Buyer KW-MSK San Marcos acquires the 95%-occupied San Marcos Tennis Club Apartments from F&F Partners. The deal carried a 7.2% cap rate, quite favorable in today's market.

CB Richard Ellis Forms RCS Southwest

remstaff &Globe Street | February 03, 2003

PHOENIX-The Velocity Retail Group is partnered with RCS (Retail Corporate Services) to form a fully integrated retail services' provider in the Southwest. RCS president Dick Totaro and Dave Cheatham, SVP and regional director, will lead the team.

Former Resort Town Mapping Redevelopment

remstaff &Globe Street | February 03, 2003

LAKE ZURICH, IL-Development or redevelopment of 163,400-sf of retail space in the Downtown area, along with 104,900-sf of office space and 215 multifamily units is envisioned by tax increment financing specialists S.B. Freidman & Co. and planners from Burnidge Cassell Associates.

SF Among High-Risk Cities for Terrorism Insurance

remstaff &Globe Street | February 03, 2003

SAN FRANCISCO-According to Insurance Services Offices Inc., San Francisco property owners face higher insurance premiums for terrorism insurance than most other major U.S. cities.

$14M Medical Plaza Ready to Break Ground

remstaff &Globe Street | February 03, 2003

SCOTTSDALE, AZ-The Plaza Cos. is gearing up to break ground this month on a 75,280-sf, two-building project at 8571 E. Princess Dr. in Scottsdale. The project, 60% pre-leased, is forecast to deliver at 100% filled.

Kane Buys Vacant 262,000-SF Candy Distribution Facility

remstaff &Globe Street | February 03, 2003

PHILADELPHIA-Taylor, PA-based Kane Properties acquired the former Farley's

Nam Tai to Spend $40M for 250,000-SF Expansion

remstaff &Globe Street | February 03, 2003

SHENZHEN, CHINA-The new facility will focus on the production of mobile phone components. Construction of the Hong Kong-based firm's new plant is slated for completion before the end of September 2004.

Wal-Mart Wins Second Run for 218,000-SF Supercenter

remstaff &Globe Street | February 03, 2003

ORLANDO-After being rejected three years ago for a 250,000-sf structure because the retail box was too large for the community, the Bentonville, AR-based retailer plans to break ground by year end in Clermont, FL on an estimated $21 million building.

Wyeth Proposes $8.2M Golf Course/Rec Project

remstaff &Globe Street | February 03, 2003

BRIDGEWATER, NJ-The pharmaceutical giant plans to remediate a vacant, 300-acre former American Cyanamide tract, and then give it to the township under a prior agreement.

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Symphony Takes Five-Year, $600,000 Renewal

116 Units Trade for $11.3M

CB Richard Ellis Forms RCS Southwest

Former Resort Town Mapping Redevelopment

SF Among High-Risk Cities for Terrorism Insurance

$14M Medical Plaza Ready to Break Ground

Kane Buys Vacant 262,000-SF Candy Distribution Facility

Nam Tai to Spend $40M for 250,000-SF Expansion

Wal-Mart Wins Second Run for 218,000-SF Supercenter

Wyeth Proposes $8.2M Golf Course/Rec Project

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