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Retailers Dim the Lights on 1.5M SF

remstaff &Globe Street | January 17, 2003

ATLANTA-Macy's is shuttering seven stores in April with an estimated 500,000 sf; Kmart is walking away from about one million sf by April; and JC Penney is cutting up to 1,200 workers in July at its 150,000-sf catalog distribution warehouse in suburban Forest Park.

Munson Steps into Director's Role

remstaff &Globe Street | January 17, 2003

SAN DIEGO, CA-A 20-year plus veteran of the real estate industry, James Munson is chosen to fulfill the post of managing director of transaction services for Burnham Real Estate Services.

United Furniture Warehouse Closes all 13 Stores

remstaff &Globe Street | January 17, 2003

SEATTLE-The Canada-based retailer is closing 34 of its 39 discount furniture stores throught the United States. The mass shutdown of U.S. stores should be complete by spring.

W.P. Carey Buys Seven TruServ Assets, Provides $125M Financing Package

remstaff &Globe Street | January 17, 2003

NEW YORK CITY-Adding diversity to three of its REITS, locally based W.P. Carey picks up seven distribution centers from hardware wholesaler TruServ, all of which will be leased back under 20-year triple net agreements.

Real Estate Research Organization Targets Mid-Atlantic Market

remstaff &Globe Street | January 17, 2003

RICHMOND, VA- Real Estate Research Corp. brings in a heavy hitter to lead its Mid-Atlantic region activities. Robert Gray, the president of Robert Gray and Co., will concentrate his efforts on consulting and analysis for regional markets from Washington, DC to Philadelphia.

Kmart Exiting 1M SF in Central Florida

remstaff &Globe Street | January 17, 2003

ORLANDO-Area retail industry analysts tell GlobeSt.com the vacated space will either be subdivided and rented to local tenants at lower rents or leased to regional or national tenants who likely will ask the owner to demolish the structures and erect a new building.

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Retailers Dim the Lights on 1.5M SF

Munson Steps into Director's Role

United Furniture Warehouse Closes all 13 Stores

W.P. Carey Buys Seven TruServ Assets, Provides $125M Financing Package

Real Estate Research Organization Targets Mid-Atlantic Market

Kmart Exiting 1M SF in Central Florida

Property Owners Lose Case to the City

Johns Hopkins to Build a Village

Property Owners Lose Case to the City

TACC Acquires 10,260-SF Industrial Building

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