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Third-Quarter Office Vacancies Tanking at 19.7%

remstaff &Globe Street | October 16, 2002

ORLANDO-Subleased space has swollen to 969,960 sf while worst-market honors in metro Orlando fall to the southwest sector with a 29% vacancy, Cushman & Wakefield of Florida Inc.'s newest study shows.

Sublease Trio Plans December Move-In

remstaff &Globe Street | October 16, 2002

HOUSTON-A law firm, news organization and development company take a combined 8,318 sf from IBM, which still has 50,000 sf of office space on Houston's sublease market. The trio will move into 2 Riverway in the Galleria.

County Bucks Hotel Sales Slump

remstaff &Globe Street | October 16, 2002

ORANGE COUNTY, CA-The number of hotel sales doubles in the county year-over-year and dollar volume quadruples, bucking a statewide trend in which sales have dropped dramatically, according to a new study.

Multifamily Developers Proceed With Caution

remstaff &Globe Street | October 16, 2002

CHICAGO-Equity Residential Properties Trust president Douglas Crocker would be a seller if he owned multifamily rental property, but developers such as Joel M. Carlins are not about to stand pat.

LA Hotel Sales Take Substantial Tumble

remstaff &Globe Street | October 16, 2002

LOS ANGELES, CA-The plunge in number of transactions and dollar volume mirrors a trend around the state, with an "unprecedented drop" in sales of hotel properties, a new report says.

Livingston's Crystal Ball Sees Warehousing Following Manufacturing Overseas

remstaff &Globe Street | October 16, 2002

ORLANDO-The president of NAIOP's Central Florida chapter tells GlobeSt.com new lease demand in the industrial real estate market is weak while renewals are at a record high as tenants go for shorter terms, holding off expansion plans.

Mellon Signs 50,000-SF Lease for Barclays Space

remstaff &Globe Street | October 16, 2002

MIAMI-The estimated $11.78 million, eight-year sublease is the largest in two years in the Brickell Avenue financial district where the 31-story, 522,843-sf 1111 Brickell Avenue building will carry the Mellon Bank logo instead of the Barclays Financial Center signature.

Cornerstone Buys Industrial Park

remstaff &Globe Street | October 16, 2002

TORRANCE, CA-The Newport Beach, Calif.-based fund acquires Normandie Business Center, a 49,000-sf multi-tenant park, from a joint venture between First Industrial Realty Trust and the Carlyle Group.

$80M Dockside High-Rise Opens at Penn's Landing

remstaff &Globe Street | October 16, 2002

PHILADELPHIA-Locally based DePaul Group opens the 16-story, 242-unit Dockside multifamily rental building at 717 S. Columbus Blvd. The building, which is shaped to resemble an ocean liner and located at Pier 30 on the Delaware River, is a precursor of additional waterfront development.

Medical Building Sells for $43M

remstaff &Globe Street | October 16, 2002

WASHINGTON, DC-Ownership of the 160,000-sf medical office building at 2021 K changes hands in a deal reported to be valued at $42.7 million. LaSalle Investment Management takes the eight-story building off the hands of previous owner Marigold Partners.

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Third-Quarter Office Vacancies Tanking at 19.7%

Sublease Trio Plans December Move-In

County Bucks Hotel Sales Slump

Multifamily Developers Proceed With Caution

LA Hotel Sales Take Substantial Tumble

Livingston's Crystal Ball Sees Warehousing Following Manufacturing Overseas

Mellon Signs 50,000-SF Lease for Barclays Space

Cornerstone Buys Industrial Park

$80M Dockside High-Rise Opens at Penn's Landing

Medical Building Sells for $43M

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