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London Residential Market is on the Turn

remstaff &Globe Street | October 28, 2002

LONDON-With equity markets in turmoil, the relative calm of the property market has made it a haven for investors of all kinds. But that's all about to change says a new report by Chesterton Residential.

Manufactured-Housing REITs Get Downgraded

remstaff &Globe Street | October 28, 2002

GREENWOOD VILLAGE, CO-Stock of locally-based Chateau Communities, as well as Manufactured Home Communities and Sun Communities, are downgraded from a buy to a hold by Stuart Seeley and Kevin O'Shea of UBS Warburg LLC.

Antique Relocates to 10,000 SF-Plus SoHo Space

remstaff &Globe Street | October 28, 2002

NEW YORK CITY-Established Downtown Antiques seller Henro leaves its eight-year home at 462 Broome St. for more than twice the space at 66 Crosby St. The 10-year deal was signed at close to $60 per sf.

Quebec Apartments Emerges from $11M Upgrade

remstaff &Globe Street | October 28, 2002

ARLINGTON, VA-The 172-unit, 44-year-old, Quebec Apartments complex emerges from an $11-million renovation after a year of upgrades and improvements. To accommodate a greater percentage of larger families in the area, property owner Silverwood Associates Inc. converted many two-bedroom units to three-bedroom apartments.

Multifamily Complex Trades for $125,000 per Unit

remstaff &Globe Street | October 28, 2002

SAN DIEGO, CA-An LLC acquires the seven-unit property from David Propach and Natasha Wasserman for $875,000. The complex, which stands at 4034 Florida St., consists entirely of two-bedroom, two-bath units with fireplaces.

Spa Maker Inks 52,663-SF Lease

remstaff &Globe Street | October 28, 2002

VALENCIA, CA-Softub Inc., a manufacturer of vinyl-lined portable spas, leases a building in Valencia Industrial Center in Valencia for expansion and relocation of its headquarters from Chatsworth, Calif.

ADP Mulling Its 130,000-SF Options

remstaff &Globe Street | October 28, 2002

PORTLAND-With its existing 115,000-sf lease expiring in just over 24 months, Automatic Data Processing, anchor of the 181,000-sf ADP Plaza office building in Downtown Portland for the past 15 years, is negotiating with its existing landlord and others to make sure it secures the best new lease deal possible.

Medical District Building Lands UT Initiative

remstaff | October 28, 2002

DALLAS-UT-Southwestern Medical School and the Certus Group cap a year of talking for wet lab space to launch its Cytogenetics research. UT signs a five-year lease for Research Row Biolabs. The lab rolls out in January 2003.

54,000-SF Facility Sells for $3.4M

remstaff &Globe Street | October 28, 2002

TAUNTON, MA-New England Ice Cream Corp. acquires a 54,000-sf manufacturing/distribution facility for $3.4 million from Keller/Davis Co. New England Ice Cream currently has multiple locations and it will use the new building to consolidate its operations.

Milliman Leases 35,500 SF in New Wayne, PA Center

remstaff &Globe Street | October 28, 2002

PHILADELPHIA-The Seattle, OR-based actuarial company Milliman has taken space at 1550 Liberty Ridge Drive, a newly completed property developed by Malvern, PA-based Liberty Property Trust in the Chesterbrook Corporate Center, Wayne, PA, bringing the building to 70% occupancy.

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London Residential Market is on the Turn

Manufactured-Housing REITs Get Downgraded

Antique Relocates to 10,000 SF-Plus SoHo Space

Quebec Apartments Emerges from $11M Upgrade

Multifamily Complex Trades for $125,000 per Unit

Spa Maker Inks 52,663-SF Lease

ADP Mulling Its 130,000-SF Options

Medical District Building Lands UT Initiative

54,000-SF Facility Sells for $3.4M

Milliman Leases 35,500 SF in New Wayne, PA Center

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