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Peninsula Firm Tapped for Fannie Mae Action

remstaff &Globe Street | January 06, 2003

BURLINGAME, CA-With an abundance of transactions circling the California market, a local mortgage lender will carry water for a Seattle mortgage company's multifamily lending business.

Multifamily Double Play Scores $72M for Phoenix Seller

remstaff &Globe Street | January 06, 2003

PHOENIX-Lincoln National Life Insurance Co. spends $40 million for the 367-unit Camelback Square and $32 million for the 312-unit Bacaro Apartments, both upscale projects of Gray Development. One is done, the other delivers in 2004.

Macy's Will Shutter 80,000-sf Store

remstaff &Globe Street | January 06, 2003

SOUTH BRUNSWICK, NJ-The closing marks the second pending vacancy at the South Brunswick Square Mall, with the shut-downs amounting to half of the 275,000-sf asset's GLA.

ComEd-Leased Buildings Drawing Interest

remstaff &Globe Street | January 06, 2003

OAKBROOK TERRACE, IL-The price tag is $113.7 million for 2 and 3 Lincoln Center. The utility has 15 years left on an absolute bond net lease, making the deal a passive loss or tax shelter play, according to Marcus & Millichap.

636-Unit Fairways Apts. Fetch $42.5M

remstaff &Globe Street | January 06, 2003

SACRAMENTO, CA-A Walnut Creek partnership sells the golf course apartment complex in Citrus Heights to a southern California partnership that was offered $2 million by another buyer to handover lead position for the purchase.

ULI Cites Hillsboro Project as Worldwide Model

remstaff &Globe Street | January 06, 2003

HILLSBORO, OR-Orenco Station, a transit-oriented community co-developed by PacTrust and Costa Pacific Homes, is included in a new publication on planned communities by the Urban Land Institute.

Polo Glen Apartments Sells for $31.74M

remstaff &Globe Street | January 06, 2003

MIAMI-Bainbridge Cos. has sold the 230-unit, luxury property in Plantation, FL to a private investor for $138,000 per unit. At the time of the sale, the apartments were about 95% leased.

November Hotel Room Tax Collections Down

remstaff &Globe Street | January 06, 2003

ORLANDO-The $6.8 million Orange County booked from the 5% resort tax on the area's 113,000 hotel and motel rooms didn't match October's $8.63 million and was called "disappointing" by county comptroller Martha O. Haynie.

GlobeSt.com EXCLUSIVE: Matrix Signs 436,000-SF Build-to-Suit

remstaff &Globe Street | January 06, 2003

WASHINGTON TWP., NJ-Industrial products distributor W. W. Grainger will move over to Northeast Business Park from its existing 250,000-sf facility in another Matrix property just up the NJ Turnpike.

PC Company Inks $5M Lease

remstaff &Globe Street | January 06, 2003

IRVINE, CA-The eMachines lease is for five years for 147,136 sf at a distribution building owned by the Irvine Co. The building houses headquarters and warehouse operations.

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Peninsula Firm Tapped for Fannie Mae Action

Multifamily Double Play Scores $72M for Phoenix Seller

Macy's Will Shutter 80,000-sf Store

ComEd-Leased Buildings Drawing Interest

636-Unit Fairways Apts. Fetch $42.5M

ULI Cites Hillsboro Project as Worldwide Model

Polo Glen Apartments Sells for $31.74M

November Hotel Room Tax Collections Down

GlobeSt.com EXCLUSIVE: Matrix Signs 436,000-SF Build-to-Suit

PC Company Inks $5M Lease

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