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817 Connecticut Commands $352 Per-SF

remstaff &Globe Street | January 06, 2003

WASHINGTON, DC-The 21,300-sf office building at 816 Connecticut Ave. gets snapped up in a $7.5-million deal between seller the Estate of Pierre D'Andrimont and buyer RE Capital Partners. The 15-year-old structure is currently 100% leased and has an assessed value of about $6.7 million.

J.G. Wentworth Flees Center City for Bryn Mawr

remstaff &Globe Street | January 06, 2003

PHILADELPHIA-The specialty finance firm leaves One Penn Square West for 15,000 sf at 40 Morris Ave., a 43-year-old building on the Main Line with fireplaces and hand-carved mantles that is undergoing renovation. The lease is valued at

First Union Plaza in Boca Raton Sells for $26.6M

remstaff &Globe Street | January 06, 2003

BOCA RATON, FL-Boca Raton Florida Investment LP bought the building from Boca II Associates Ltd. The all-cash sale, which translates to $260 per sf, sets a record for South Florida multi-tenant buildings exceeding 100,000 sf, according to a broker involved.

Former Post Office Site Opens Up for Retail

remstaff &Globe Street | January 06, 2003

AUSTIN-The USPS puts a $1.35-million price tag on the 1.8-acre site at 2620 W. Anderson Lane, nestled between two shopping centers and across the street from Northcross Mall. It's one of those infill sites that only come along in a "blue moon.

Convention Hotel's Prospects Look Bright

remstaff &Globe Street | January 06, 2003

DENVER-Odds are the city-owned 1,100-room Hyatt Regency will be able to make ends meet when it opens in 2006, according to projections by HVS International for prospective bondholders. The city needs 60% occupancy at an average room rate of $159 per night when it opens in 2006, both doable in light of current conditions.

London Dearest for Offices

remstaff &Globe Street | January 06, 2003

LONDON-The UK capital retains its title as world's most expensive office location. That's the conclusion of DTZ's sixth annual Global Office Occupancy Costs survey

Leesburg Plans Record $18M in New Construction

remstaff &Globe Street | January 06, 2003

ORLANDO-Elected officials in the Lake County city of 18,000 permanent residents, 45 miles northwest of Downtown Orlando, expect to borrow $10 million to fund the capital improvements that will cover 152 projects.

Cadwalader Chair Calls Sale Story 'Misleading'

remstaff &Globe Street | January 06, 2003

NEW YORK CITY-Cadwalader, Wickersham & Taft chairman Robert O. Link tells GlobeSt.com reports of his firm's decision to sell its Maiden Lane headquarters are not true. "We have not committed to sell the building," he says.

Washington Mutual Promotes Executive

remstaff &Globe Street | January 06, 2003

SEATTLE-The national finance services company puts Keith Johnson in the top tier of management of its specialty finance group, which provides multifamily lending, commercial asset management, commercial real estate lending, mortgage banker financing, home builder finance and commercial capital markets services.

Triangle Biz Centre Fetches $10.7M

remstaff &Globe Street | January 06, 2003

GREENBELT, MD-Ownership of Triangle Business Centre in the Golden Triangle office park has changed hands in a $10.7-million transaction between seller New Boston Fund Inc. and buyer the Goldstar Group. The nearly 80,000-sf office structure has been in the company's portfolio since 2000.

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817 Connecticut Commands $352 Per-SF

J.G. Wentworth Flees Center City for Bryn Mawr

First Union Plaza in Boca Raton Sells for $26.6M

Former Post Office Site Opens Up for Retail

Convention Hotel's Prospects Look Bright

London Dearest for Offices

Leesburg Plans Record $18M in New Construction

Cadwalader Chair Calls Sale Story 'Misleading'

Washington Mutual Promotes Executive

Triangle Biz Centre Fetches $10.7M

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