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Wacker Drive Projects Buoyed by 1.4M SF in Deals

remstaff &Globe Street | October 18, 2002

CHICAGO-Two-thirds of the $400-million tower at the northeast corner of Wacker Drive and Monroe Street is spoken for, while Deloitte & Touche LLP's 424,000-sf lease at 111 S. Wacker Dr. accounts for nearly half the space.

$12.8M Loan Finances 408-Unit Acquisition

remstaff &Globe Street | October 18, 2002

HOUSTON-Venterra Properties of Vancouver, BC acquires the Steeples Apartments in the southwest submarket. It's the group's second Houston buy and fifth in Texas. The financing comes in a 10-year loan from a Lend Lease pool.

Flat Rents Don't Deflate Developer Interest

remstaff &Globe Street | October 18, 2002

SEATTLE-A flat rental market in 2002 has yet to deter developers, according to a recently released survey by RealFacts, the multifamily data specialists. About 5% of the rental housing inventory has been built in the past two years, although the report's statistics suggest that the market has had difficulty in absorbing all the new units.

Houston Firm Takes On $19.5B Project for 130 Recycling Plants

remstaff &Globe Street | October 18, 2002

HOUSTON-Cyntech Technologies will have 65 plants in Europe, the Middle East and Africa and 65 plants across North America and the Pacific Rim up and running within 10 years. Chicago's GVA Worldwide will select, develop and manage the sites.

Property Appraiser, Universal Square Off in 860-Acre Tax Tiff

remstaff &Globe Street | October 18, 2002

ORLANDO-The theme park is fighting to keep a $1.4 million exemption it has enjoyed since 1999, arguing the land is undeveloped and being used to grow $520,000 worth of pine trees.

Four-Star Hotel Inches Toward Napa

remstaff &Globe Street | October 18, 2002

NAPA, CA-The Napa City Council finds plans for the Napa Resort and Spa to be "good, thoughtful planning," but the final approval of the 351-room, four-star hotel is still a month away. An architectural consultant will be hired and orders for a design review are in the works.

Grossman Cos. Sells Shopping Plaza for $2.45M

remstaff &Globe Street | October 18, 2002

PEMBROKE, MA-The Grossman Companies, Inc. sells Pembroke Crossing, a 27,000-sf shopping plaza to Falconi Realty LLC for $2.45 million. A company spokesperson tells Globest.com that Grossman has other investment opportunities and felt the time was right to sell the property.

Long Beach Apartments Fetch $2.8M

remstaff &Globe Street | October 18, 2002

LONG BEACH, CA-An individual investor buys the two-building, 42-unit complex, in a court-ordered sale as part of a partnership dissolution. The complex was built in 1963, and includes six two-bedroom units and 35 one-bedroom units.

Hollywood OKs Ocean Palms Project

remstaff &Globe Street | October 18, 2002

MIAMI-Plaza Group of Fort Lauderdale gets the green light for the $170 million, 250-unit condominium community that will have 12,000 sf of retail, 7,000 sf of restaurant space and a 332-vehicle parking garage on Ocean Drive, divided by State Road A1A facing the Atlantic.

150,000-SF Office Center Sells for $19M

remstaff &Globe Street | October 18, 2002

FLORHAM PARK, NJ-Kushner buys the two-building complex, located immediately adjacent to its own Columbia Corporate Center. The combined five-building complex totals more than 420,000 sf.

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Wacker Drive Projects Buoyed by 1.4M SF in Deals

$12.8M Loan Finances 408-Unit Acquisition

Flat Rents Don't Deflate Developer Interest

Houston Firm Takes On $19.5B Project for 130 Recycling Plants

Property Appraiser, Universal Square Off in 860-Acre Tax Tiff

Four-Star Hotel Inches Toward Napa

Grossman Cos. Sells Shopping Plaza for $2.45M

Long Beach Apartments Fetch $2.8M

Hollywood OKs Ocean Palms Project

150,000-SF Office Center Sells for $19M

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