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445,000-SF, Class A Office Lease Delivers for Houston's CBD

remstaff &Globe Street | January 19, 2003

HOUSTON-Vinson & Elkins hangs onto 16 floors of the 49-story First City Tower. Sure, the law firm looked around, but the final decision is sealed with a 15-year lease, options to extend beyond 2030 and a $10-million renovation.

Third Time's a Charm: $31.5M Buys Suburban Trophy

remstaff &Globe Street | January 19, 2003

GRAND PRAIRIE, TX-Westwood Residential of Dallas crosses the finish line in 45 days for the 436-unit Towns of Riverside, a premier property locked up twice by other would-be buyers. Westwood steps in to close the deal at a 7.8% market cap rate.

Brown Reveals Hunters Point Plans

remstaff | January 17, 2003

SAN FRANCISCO-San Francisco Mayor Willie Brown has revealed plans for the Hunters Point Naval Shipyard redevelopment project, including 34 acres of parks and open space and 300,000-sf of commercial development.

Fifth Third Bank Begins Demolition of Kingswood Hotel

remstaff &Globe Street | January 17, 2003

ROYAL OAK, MI-A former notorious hotel on Woodward Avenue is to be destroyed, in part due to city ordinance that encouraged new development on unwanted business property.

Tile Firms Renew at The Mart

remstaff &Globe Street | January 17, 2003

ANAHEIM, CA-The companies sign $4.126 million in leases for the interior decorator showroom and warehouse, which specializes in the sale of tile and floor coverings.

City Offers Developer's Bargain on Devon Avenue

remstaff &Globe Street | January 17, 2003

CHICAGO-Two city-owned parking lots with 45 parking meters could be had for $100,000, nearly 75% off the appraised value, under a request for proposals being prepared by the department of planning and development. A mixed-use commercial building with multifamily units on upper floors is envisioned.

Homeowners Say Information Held Secret Regarding Land Swap

remstaff &Globe Street | January 17, 2003

NOVI, MI-Two couples are suing after a FOIA request turns up documents that the city refused to release regarding 75-acre developer settlement, says attorney.

Millennium Partners Wins Bid to Redevelop Hayward Place

remstaff &Globe Street | January 17, 2003

BOSTON-The Boston Redevelopment Authority chooses Millennium Partners Boston to develop a 12-story office building at Hayward Place, the 37,000-sf parking lot on Washington Street. The NY-based developer was the only finalist not to include a residential component in its plan for the site.

Pacific Buys in LA, Sells in OC

remstaff &Globe Street | January 17, 2003

WEST LOS ANGELES, CA-The company acquires an 83-

Amerivest Completes $29.7M Portfolio Financing

remstaff &Globe Street | January 17, 2003

DENVER-Amerivest Properties, which owns buildings geared toward small and mid-sized tenants, has completed a portfolio financing transaction for nearly $30 million with TIAA. Two area buildings, plus an Arizona property, are providing collateral.

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445,000-SF, Class A Office Lease Delivers for Houston's CBD

Third Time's a Charm: $31.5M Buys Suburban Trophy

Brown Reveals Hunters Point Plans

Fifth Third Bank Begins Demolition of Kingswood Hotel

Tile Firms Renew at The Mart

City Offers Developer's Bargain on Devon Avenue

Homeowners Say Information Held Secret Regarding Land Swap

Millennium Partners Wins Bid to Redevelop Hayward Place

Pacific Buys in LA, Sells in OC

Amerivest Completes $29.7M Portfolio Financing

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