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800-Room Convention Center Hilton Reaches Milestone

remstaff &Globe Street | January 20, 2003

AUSTIN-The topping out ceremony is teamed with the release of an economic impact study that shows the CBD project could generate $1.8 billion for Austin in the next decade. First-year projections alone are $558 million, says local economist Angelos Angelou.

Liberty Obtains $350M Credit Facility

remstaff &Globe Street | January 20, 2003

PHILADELPHIA-The Malvern, PA-based REIT replaces its previous $450-million credit facility--due to mature this April--with a three-year, $350-million unsecured revolving loan from a syndicate, arranged by Fleet Securities, involving 11 US banks. It matures in January 2006.

22,838 SF Sealed for Far NW Houston

remstaff &Globe Street | January 20, 2003

HOUSTON-RJ Global Technologies inks a renewal for 13,388 sf and adds another 4,725 sf to its manufacturing space at Legacy Park Business Center. The building owner's team also signs Polaris Labs to 4,725 sf.

289,959-SF Corpus Christi Office Tower Sells

remstaff &Globe Street | January 20, 2003

CORPUS CHRISTI, TX-Griffin Partners of Houston outbids nine others for the class A office property in the Corpus Christi CBD. A $500,000 renovation is underway on the 70%-occupied structure acquired from a Texas trust.

Acadia Buys 1M-SF Supermarket Portfolio

remstaff &Globe Street | January 20, 2003

NEW YORK CITY-The transaction includes 27 Kroger and Safeway grocery stores, all of which are triple-net leased. The REIT also expects to close within a month on a one-million-sf Delaware regional shopping center.

Health-Care Firm Renews, Adds 1,000 SF

remstaff &Globe Street | January 20, 2003

PHOENIX-Matria Healthcare pens a five-year lease for 5,729 sf, including the expansion space, to renew its commitment to Biltmore Lakes, a six-building complex in the heart of the Camelback Corridor. The firm's been a tenant for five years.

Dallas-Fort Worth Hires, Promotions OK'd

remstaff &Globe Street | January 20, 2003

DALLAS-Highland Village lands a leading area executive as an economic development consultant. Julian P. Barry gets a new president. Macfarlan hires a senior controller. Staubach adds a board member and Transwestern promotes five.

Urstadt Biddle Mulls Expansion at Westchester Pavilion

remstaff &Globe Street | January 19, 2003

WHITE PLAINS-Urstadt Biddle Properties, which purchased the Westchester Pavilion shopping center here for $39.9 million last month, plans to market 10,000 sf of previously unused space and is studying plans to expand the facility by approximately 75,000-sf.

124,000-SF Medical Office Complex Kicks Off

remstaff &Globe Street | January 19, 2003

GLENDALE, AZ-A Summit Builders' crew is digging into the first phase to a six-building, 11-acre project adjacent to Arrowhead Hospital. The first delivery, slated for June, will be a 53,441-sf, two-story, class A office building.

Millennium Tower Refinances with MetLife

remstaff &Globe Street | January 19, 2003

SEATTLE-Millennium Tower has retired its original construction loan for the 200,000-sf commercial unit of Millennium Tower after negotiating a refinancing deal with MetLife.

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800-Room Convention Center Hilton Reaches Milestone

Liberty Obtains $350M Credit Facility

22,838 SF Sealed for Far NW Houston

289,959-SF Corpus Christi Office Tower Sells

Acadia Buys 1M-SF Supermarket Portfolio

Health-Care Firm Renews, Adds 1,000 SF

Dallas-Fort Worth Hires, Promotions OK'd

Urstadt Biddle Mulls Expansion at Westchester Pavilion

124,000-SF Medical Office Complex Kicks Off

Millennium Tower Refinances with MetLife

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