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91%-Leased Office Building Pulls $1.8M Cash

remstaff &Globe Street | January 23, 2003

PHOENIX-A Scottsdale investor makes the close 30 days after the 19,045-sf Palo Verde Medical Building goes on the market. The appeal is a stable rent roll, location on the Maryvale Hospital campus and excellent physical condition.

Int'l Drive Timeshare Sold for $14M

remstaff &Globe Street | January 23, 2003

ORLANDO-Trendwest Resorts Inc. paid RANI Int'l. $286,000 per unit for the 50-unit, four-year-old Kingston Reef timeshare resort. The purchase is located on 14 acres in a fast-developing south I-Drive submarket near the Orange County Convention Center.

Carpet Firm Buys Warehouse

remstaff &Globe Street | January 23, 2003

ANAHEIM, CA-Impala Carpets acquires a newly completed, 12,012-sf building at Commerce Center Anaheim for $1.3 million to serve as the company's primary warehouse and distribution facility. It's one of two recent Anaheim deals.

Aurora Starts Construction on MLK Jr. Library

remstaff &Globe Street | January 23, 2003

AURORA-City starts work on 30,000 SF Martin Luther King Jr. Library and Municipal Services Center that is planned to open in early 2004.

Apartment Vacancies Creep Up in San Diego

remstaff | 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.

Industrial Building Sells for $27 Per SF

remstaff &Globe Street | January 23, 2003

BEDFORD PARK, IL-A 128,685-sf manufacturing building at 6700 S. Old Harlem Ave. is sold by Denver-based industrial giant ProLogis Trust to wood-molding distributor Rayner & Rinn-Scott for $3.47 million.

Shoe Company Acquires $8.2M Building

remstaff &Globe Street | January 23, 2003

EL SEGUNDO, CA-Dynasty Shoes International acquires the 111,238-sf industrial building at 202 N. Nash St. from ATC Partners in a deal brokered by Insignia/ESG.

ACPT Gets $8.4 M Mortgage for Puerto Rico Property

remstaff &Globe Street | January 23, 2003

ST. CHARLES, MD-American Community Properties Trust reveals news of an $8.4 million refinancing deal for a 304-unit apartment property in San Juan, Puerto Rico. ACPT plans to use the funds from the non-recourse mortgage to pay off a $2.5-million bank debt.

Colorful Club Owner Bobby Rifkin Dies

remstaff &Globe Street | January 23, 2003

DENVER-Rifkin, the man who brought disco to the Denver area, dies at the age of 70 after a four-year battle with prostate cancer.

Photon Research Takes Full Floor for 10 Years

remstaff &Globe Street | January 23, 2003

ARLINGTON, VA-Defense contractor Photon Research Associates signs on for 19,000 sf of space in the office building at 1616 N. Fort Myer Dr. Photon committed to a 10-year lease on the building's 10th floor, formerly occupied by PriceWaterhouseCoopers.

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91%-Leased Office Building Pulls $1.8M Cash

Int'l Drive Timeshare Sold for $14M

Carpet Firm Buys Warehouse

Aurora Starts Construction on MLK Jr. Library

Apartment Vacancies Creep Up in San Diego

Industrial Building Sells for $27 Per SF

Shoe Company Acquires $8.2M Building

ACPT Gets $8.4 M Mortgage for Puerto Rico Property

Colorful Club Owner Bobby Rifkin Dies

Photon Research Takes Full Floor for 10 Years

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