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Land Sale Paves Way for $4.8M State Agency Offices

remstaff &Globe Street | December 27, 2002

CHICAGO-The state's department of human services would lease a 26,000-sf building in the 4800 block of S. Cottage Grove Avenue in the Grand Boulevard community. Three six-flats are planned in a second phase.

Region Receives Help for the Homeless

remstaff &Globe Street | December 27, 2002

SEATTLE-Seattle and King County get nearly $15 million in federal McKinney Homeless Assistance funds for housing programs and support service for homeless people, including transitional and permanent housing projects.

No Recovery Seen for Reeling Office Market

remstaff &Globe Street | December 27, 2002

DENVER-"Denver's office market is still reeling from the implosion of the high-tech, telecommunications and financial services sectors that occurred in late 2001," according to a recent Grubb & Ellis report.

CB Richard Ellis Acquires 407,000-SF Financial District Building

remstaff &Globe Street | December 27, 2002

BOSTON-CB Richard Ellis purchases 101 Arch St., a 407,000-sf, 21-story building located in the heart of the city's financial district. The property is part of a portfolio the company acquired from Metropolitan Life Insurance Co.

Three Suburban Properties Fetch $5M

remstaff &Globe Street | December 27, 2002

PHILADELPHIA-In separate transactions, a Subaru dealership in Media, PA, a 130,000-sf office/industrial complex in Delaware County, PA, and an eight-acre commercial site in Concordville, PA, sell for an aggregate value in excess of $5 million. Media-based KarMar is the broker.

$70M Bahama Bay Resort Opens First Phase

remstaff &Globe Street | December 27, 2002

ORLANDO-Property manager ResortQuest International of Memphis, TN expects 116 units will be completed by Feb. 1. The entire resort is planned for 1,000 timeshare units.

Hotel Market Hasn't Recovered, Report Shows

remstaff &Globe Street | December 27, 2002

DENVER-Average occupancy is 2.6 percentage points off the 2001 pace through the first 11 months of the year, according to the Rocky Mountain Lodging Report prepared by Robert S. Benton & Associates. Room rates also are off.

Urstadt Biddle Pays $39.9M for Westchester Pavilion Mall

remstaff &Globe Street | December 27, 2002

WHITE PLAINS, NY-Two weeks after the famed Galleria Mall changed hands, Urstadt Biddle Properties Inc. of Greenwich, CT, reports it has acquired the Westchester Pavilion, a 185,000-sf power center at the corner of Post Road and South Broadway here, for $39.9 million.

$2.7M Buys 175 Acres Once Eyed for Town Center

remstaff &Globe Street | December 27, 2002

NORTH LAKE, TX-It didn't take long for a buyer to come forward after North Lake officials retreated on a mixed-use plan for land neighboring the Texas Motor Speedway. Mineral rights leading to one of the largest veins in Texas go along with the land.

UrbanAmerica Pays $80M for Science Center Tower

remstaff &Globe Street | December 27, 2002

PHILADELPHIA-In one of the biggest real estate deals here this year, the New York-based REIT pays $183.76 per sf for the 17-story, class-A office property at 3535 Market St. in University City's Technology Park. The 435,352-sf building is 96% leased.

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Land Sale Paves Way for $4.8M State Agency Offices

Region Receives Help for the Homeless

No Recovery Seen for Reeling Office Market

CB Richard Ellis Acquires 407,000-SF Financial District Building

Three Suburban Properties Fetch $5M

$70M Bahama Bay Resort Opens First Phase

Hotel Market Hasn't Recovered, Report Shows

Urstadt Biddle Pays $39.9M for Westchester Pavilion Mall

$2.7M Buys 175 Acres Once Eyed for Town Center

UrbanAmerica Pays $80M for Science Center Tower

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