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Miami's Equity One Acquiring IRT in $730M Stock-Debt Deal

remstaff &Globe Street | October 29, 2002

ATLANTA-In one of the largest national retail mergers of its kind, locally based IRT Property Co. and the Florida REIT have signed a definitive contract that will make Equity One Inc. one of the largest shopping center REITs in the Southeast.

BPG Buys Executive Terrace in King of Prussia

remstaff &Globe Street | October 29, 2002

KING OF PRUSSIA, PA-Berwind has bought the 130,000-sf Executive Terrace from New York-based TIAA. Brokers familiar with the property say that the rental rate there is about $30 per sf, or $5 per sf above the area average.

RICS Charts Further Slowdown in Occupier Demand

remstaff &Globe Street | October 29, 2002

LONDON-Occupier demand is falling across the commercial property sector, according to a new business survey from the Royal Institution of Chartered Surveyors. But low interest rates and buoyant consumer spending are boosting confidence in an upturn.

Bradburn, a New Urbanism Development, Opens its First Phase

remstaff &Globe Street | October 29, 2002

WESTMINSTER, CO-The first phase of a $220 million "new urbanism" development in northwest suburban Denver has begun. It will feature residential, retail, restaurant and eventually office space.

Levy Files Suit Over $300M Project

remstaff &Globe Street | October 29, 2002

HIGHLAND TOWNSHIP, MI-A new mixed-use project on a former gravel mine, which promises to bring up-market houses and other development, is stuck at impasse with township officials.

Vista Bowling Center Sale Closes

remstaff &Globe Street | October 29, 2002

MIAMI-The 61,200-sf building in West Palm Beach, FL, was sold to St. Anthony's Building Partnership, which plans either to convert the asset into a skating rink or lease it out as office or call-center space.

Medical Towers' 24,000-SF Retail Space Filled

remstaff &Globe Street | October 29, 2002

HOUSTON-Yancey-Hausman slides a chicken eatery into the street-level component of the 150,000-sf, mixed-use building. The broker attributes the structure's central location in the Texas Medical Center District as key to the lease-up.

O'Charley's Acquires Ninety Nine Restaurant Chain in $160M Deal

remstaff &Globe Street | October 29, 2002

WOBURN, MA-O'Charley's Inc. purchases Ninety Nine Restaurant & Pub, a locally based chain that has 74 locations in the New England region, in a $160-million deal. This is the Nashville, TN-based O'Charley's entrance into the local market.

Developer Ready to Tackle 370,000-SF Mall Redevelopment

remstaff &Globe Street | October 29, 2002

SAN ANTONIO-Spigel Properties, a recognized turnaround specialist, is working out the details for its newest acquisition, the Westlakes Mall in San Antonio. The property, anchored by Target, is shouldering a 50% occupancy.

Office Market Still Struggling, Says CB

remstaff &Globe Street | October 29, 2002

DETROIT-While indicators are only slightly changed, the economy is still crushing the market, compared with last year's third quarter numbers, say analysts.

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Miami's Equity One Acquiring IRT in $730M Stock-Debt Deal

BPG Buys Executive Terrace in King of Prussia

RICS Charts Further Slowdown in Occupier Demand

Bradburn, a New Urbanism Development, Opens its First Phase

Levy Files Suit Over $300M Project

Vista Bowling Center Sale Closes

Medical Towers' 24,000-SF Retail Space Filled

O'Charley's Acquires Ninety Nine Restaurant Chain in $160M Deal

Developer Ready to Tackle 370,000-SF Mall Redevelopment

Office Market Still Struggling, Says CB

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