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Investor Pays $74 per SF for Macon Office Property

remstaff &Globe Street | October 15, 2002

ATLANTA-West Palm Beach, FL-based Ocwen Federal Bank sells a 195,053-sf, class-A office building on Arkwright Rd. in Highridge Centre in Macon, GA for $14.36 million to Kevin Cogan, a private investor/developer in Louisville, KY. The building is 85% leased.

Region's Industrial Vacancy High, but Lower

remstaff &Globe Street | October 15, 2002

SEATTLE-The vacancy rate for the Puget Sound industrial market dropped by one tenth of one percent during the third quarter thanks to just under 700,000 sf of positive absorption, according to a new report by Grubb & Ellis.

$31.6M Buys 280-Unit Apartment Complex

remstaff &Globe Street | October 15, 2002

OCEANSIDE, CA-CT Realty Co. snaps up the Vista Way complex, renames it Pacific Breeze Apartments and plans to sink $1.6 million into improvements. The seller was Archon Residential of Dallas.

Town Considers Affordable Housing for 124-Acre Parcel

remstaff &Globe Street | October 15, 2002

CANTON, MA-The town planner proposes developing 150 to 160 units on a 124-acre parcel located off Route 138. The development would enable the town to bring its affordable-housing stock over the 10% mark, making it invulnerable to Chapter 40B proposals.

Austin Makes First Positive Office Showing Since 2001

remstaff &Globe Street | October 15, 2002

AUSTIN-It could be a glitch, but it's still a welcome sign in the capital city. A Q3 office analysis shows an up-tick of 397,926 sf, thanks to keys turning over in the southwest submarket. Austin's overall vacancy is 22.2%.

50,000-SF Sublease Cut at Plano Business Park

remstaff &Globe Street | October 15, 2002

DALLAS-It's taken 10 months, but Teradyne Inc. finds a sublease tenant for the three-year balance of its commitment to Miramar Development's 10th Street Business Park. Precision Communications has started its phased-in move-in.

Burnham Scores Three Industry Veterans

remstaff &Globe Street | October 15, 2002

SAN DIEGO, CA-Locally-based Burnham Real Estate Services expands its senior management team with the addition of David Jewkes as director of corporate development, Tim Gleason as managing director of multifamily services and Jim Munson as senior vice president and manager of the firm's Carlsbad office.

Vision Sees Opportunity in Lisbon Office Market

remstaff &Globe Street | October 15, 2002

LONDON-In one of Portugal's biggest investment deals of the year, the Amorim Group and GE Capital Real Estate have sold Entrecampos 28, a landmark building in Lisbon, to the Vision Office Fund.

Hollywood Retail Center Opens 90% Occupied

remstaff &Globe Street | October 15, 2002

HOLLYWOOD, CA-The $51-million Hollywest Promenade is the first supermarket-anchored shopping center to be developed in Hollywood in more than 20 years. The center is across the street from the Western Avenue Metrorail station.

SEC Calls Fund's Tax Lien Offering 'Fraudulent'

remstaff &Globe Street | October 15, 2002

PHILADELPHIA-Columbus, OH-based hedge fund Sierra Equity Partners and Sierra Brokerage Services chairman and chief executive John Christopher McCamey are accused of misrepresenting real estate tax lien certificates as "government secured" and yielding a 15% to 50% return.

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Investor Pays $74 per SF for Macon Office Property

Region's Industrial Vacancy High, but Lower

$31.6M Buys 280-Unit Apartment Complex

Town Considers Affordable Housing for 124-Acre Parcel

Austin Makes First Positive Office Showing Since 2001

50,000-SF Sublease Cut at Plano Business Park

Burnham Scores Three Industry Veterans

Vision Sees Opportunity in Lisbon Office Market

Hollywood Retail Center Opens 90% Occupied

SEC Calls Fund's Tax Lien Offering 'Fraudulent'

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