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Wells Buys 187,735-SF Office Complex for $22M

remstaff &Globe Street | January 10, 2003

CLEVELAND-Koll Bren Schreiber sells the two six story buildings in its second major deal with the Atlanta REIT to close over the last year. The brick-and-class structures were developed by KBS on 9.4 acres in the city's eastern submarket.

WCI Completes $50M Condo Project

remstaff &Globe Street | January 10, 2003

BONITA SPRINGS, FL-The 71-unit, 21-story Palermo tower here had a project cost of more than $50 million. Prior to completion, 57 units were sold for a total of $54.8 million--an average unit price of $961,403.

80-acre Cemetery Opens in Oakland Township

remstaff &Globe Street | January 10, 2003

TROY, MI-After losing lawsuit to develop burial sites in Troy, a nonprofit association moves about five miles north to build a $27-million cemetery that includes administrative office buildings, a service building and a two-story mausoleum.

Commercial Permit Values Down Sharply

remstaff &Globe Street | January 10, 2003

SAN JOSE, CA-New figures from a construction industry research firm underscore the pain of the area's building trades and real estate markets in 2002. New office and other nonresidential construction in the county fell by close to $1 billion.

137-Room Telecom Corridor Hotel Trades

remstaff &Globe Street | January 10, 2003

DALLAS-Homestead Studio Suites Hotels of Atlanta takes the deed from a South Dakota investor after a contract falls out. The Dallas ClubHouse Inn & Suites, originally a Wyndham Garden, is earmarked for a renovation with the re-flagging.

Western Buys 29 Acres for Development

remstaff &Globe Street | January 10, 2003

BAKERSFIELD,CA-The Long Beach, Calif.-based company paid $2.1 million for the property, where it plans to develop a two-phase campus to be called CityGate Business Park.

Fidelity National Buying ANFI

remstaff &Globe Street | January 10, 2003

SANTA BARBARA, CA-Title insurance provider Fidelity National Financial Inc. has agreed to terms on a previously announced deal to acquire all of the outstanding stock of ANFI Inc., a title insurance provider based in the Orange County city of Orange.

County Planner Moves to Salt Lake City

remstaff &Globe Street | January 10, 2003

ATLANTA-Cherokee County planning director Louis Zunguze, fired in August 2002 over a personal real estate deal, begins his new Utah challenge Jan. 21 at a starting annual salary of $85,000.

Trader Joe's Among 28,765 SF in Center City Deals

remstaff &Globe Street | January 10, 2003

PHILADELPHIA-The Pasadena, CA-based gourmet grocer leases 10,000 sf on the ground floor of 2121 Market St. for a March opening. Citizens Bank adds a 2,896-sf retail branch at Two Commerce Square, and Cort Furniture Rental renews 5,000 sf there.

Malan Unloads Five More Properties for $2.9M

remstaff &Globe Street | January 10, 2003

BINGHAM FARMS, MI-The retail REIT in the process of liquidation takes another step in that direction by selling 200,000 sf of assets in Illinois and Kansas. In addition, deal involving a 40,050-sf property in Hays, KS is in the works.

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Wells Buys 187,735-SF Office Complex for $22M

WCI Completes $50M Condo Project

80-acre Cemetery Opens in Oakland Township

Commercial Permit Values Down Sharply

137-Room Telecom Corridor Hotel Trades

Western Buys 29 Acres for Development

Fidelity National Buying ANFI

County Planner Moves to Salt Lake City

Trader Joe's Among 28,765 SF in Center City Deals

Malan Unloads Five More Properties for $2.9M

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