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Austin's Economy Not Quite Ready for Big Rebound

remstaff &Globe Street | January 23, 2003

AUSTIN-Angelos Angelou, a noted local economist, says 2003 won't be the year of the turnaround. Office will be weak for several years. Industrial vacancy could climb another 5% to 20%. For now, retail and multifamily are where the gains are being made.

Metcalf & Eddy Takes 90,000 SF for HQ

remstaff &Globe Street | January 23, 2003

WAKEFIELD, MA-Metcalf & Eddy Inc., a worldwide environmental engineering company, is relocating its headquarters from 30 Harvard Mill Square to 701 Edgewater Dr. in the Edgewater Office Park where it is leasing 90,000 sf of office space.

First Industrial Sells Last Three Assets in 1.1M-SF Industrial Portfolio

remstaff &Globe Street | January 23, 2003

DES MOINES, IA-The nine-building portfolio was broken up and sold in four separate transactions over the last two years. The final three buildings went for $11.8 million, bringing the total sale price of the assemblage to just under $24 million.

Buyers Pay $40M For Industrial Buildings

remstaff &Globe Street | January 23, 2003

ONTARIO, CA-Three buyers acquire more than 1.1 million sf developed by Western Realco of Newport Beach at Airport Mission Business Park.

GlobeSt.com EXCLUSIVE: Archon Will Buy WP and WIP for $1.2B

remstaff &Globe Street | January 23, 2003

CHATHAM, NJ-The Goldman Sachs affiliate will combine the two companies into one, to be called Archon Atlantic, with plans to launch an aggressive effort to acquire office, industrial and retail properties.

Mid-America Hires Community Development Veteran

remstaff &Globe Street | January 23, 2003

OAKBROOK TERRACE, IL-Peggy F. Blanchard has spent 20 years on the other side of the table while working for the suburbs of Barrington, East Dundee, Highland Park, LaGrange and West Dundee.

PeaceHealth's Hospital Plan Clears Hurdle

remstaff &Globe Street | January 23, 2003

SPRINGFIELD, OR-A $350-million regional medical center has received the nod from the planning commission, but it may be only half of the eight or nine stories originally envisioned.

Apartment Vacancies Creep Up in San Diego

remstaff &Globe Street | January 23, 2003

SAN DIEGO-A new report shows that multifamily occupancy is on the decline in San Diego County, having dropped from 96.1% in September to 95.4% in December. Sales continue to boom, however.

Headhunter Takes Over 3,227 SF in CBD

remstaff | January 23, 2003

HOUSTON-Manhattan Resources slides into the 25-month balance of Ultimate Staffing Services in One Houston Center. The inbound tenant has relocated from the FM 1960 submarket while the outbound tenant shifted its CBD team to the Gallera/West Loop.

20-Year Tenant Changing Address

remstaff &Globe Street | January 23, 2003

FARMERS BRANCH, TX-George B. Allan & Co. will move Feb. 1 after signing a 10-year pact that delivered in less than five days after another site fell out at the last minute. An existing Venture Tech tenant can downsize thanks to the 10,311-sf backfill.

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