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Capital Hotel Management Receives Seven Property Assignments

remstaff &Globe Street | February 03, 2003

BEVERLY, MA-Capital Hotel Management is retained to manage seven hotels and conference centers in Philadelphia, New York, Los Angeles, Washington, DC and Dallas. The locally based firm says that the assignments reflect a growing trend in the hotel industry.

Industrial Complex Captures $10.5M

remstaff &Globe Street | February 03, 2003

SPRINGFIELD, VA-In a $10.5-million transaction, the 138,000-sf Fullerton Industrial Center becomes the property of Washington Real Estate Investment Trust. The three-structure complex, will undergo about $212,000 in capital improvements.

Cleanup Plan Released for DuPont Works Site

remstaff &Globe Street | February 03, 2003

DUPONT, WA-The Weyerhaeuser and DuPont companies will spend about $25 million to clean up 850 acres of contaminated land here that will eventually hold a 180-acre golf course and substantial commercial and industrial development.

81,000-SF Medical Project Tops Out

remstaff &Globe Street | February 03, 2003

DALLAS-The delivery schedule is on track for the combo ambulatory surgery center and physicians' offices on the Presbyterian Hospital campus. Cambridge Healthcare and Texas Health Resources are the joint venture partners.

Clear Channel Takes 95,000 SF at Pinnacle

remstaff &Globe Street | February 03, 2003

BURBANK, CA-The San Antonio-based radio and TV station owner signs a 12-year, nine-month lease that industry sources say is valued at more than $45 million. The office space will be used for the consolidation of eight of its radio stations in the LA area.

Flagler Pays Duke $23M for 599,000 SF of Office, Land

remstaff &Globe Street | February 03, 2003

JACKSONVILLE, FL-In a strategic tax-deferred deal, the Florida East Coast Industries Inc. subsidiary acquired the four-year-old, 100%-leased Office Centre at Southpoint, 4.76 acres in Jacksonville and three buildings at Beacon Station.

Prudential to Fund 2 million-SF Birmingham Industrial Scheme

remstaff &Globe Street | February 03, 2003

LONDON-Prudential and Palmer Capital Partners have completed their record breaking pounds 150 million ($250 million) funding of the 2 million-sf Lion Park development, on the former IMI Holford site at Witton, in Birmingham.

City Hires XL Capital

remstaff &Globe Street | February 03, 2003

DENVER-XL Capital Assurance has been selected as the insurance provider for the revenue bonds to fund the Convention Center Hotel, in what will be only the second publicly financed hotel transaction to receive bond insurance.

GlobeSt.com Update: Nine Developers Vie for Crack at Penn's Landing

remstaff &Globe Street | February 03, 2003

PHILADELPHIA-Within weeks of selection of a shortlist of three development plans, and in the midst of a series of public forums on the fate of the 13-acre Center City riverfront tract, seven local-area firms and two outsiders submit mixed-use proposals.

RTI International Takes 15,300 SF

remstaff &Globe Street | February 03, 2003

WALTHAM, MA-In a deal that represents a renewal and expansion, RTI International is leasing 15,300 sf at 411 Waverly Oaks Rd. The independent, nonprofit organization, which focuses on scientific research and technology development, is headquartered in North Carolina.

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