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Survey Finds Many Owners Opt to Forego Terrorism Insurance Entirely

remstaff &Globe Street | September 23, 2002

WASHINGTON, DC-A recent survey by the Building Owners and Managers Association International finds that 27% of the respondents are being forced to self-insure or forego insurance all together on some properties, as the attainment of terrorism coverage becomes increasingly more difficult and expensive.

AT&T Wireless Renews, Expands Lease at AT&T Center

remstaff &Globe Street | September 23, 2002

PORTLAND-The 74,234-sf lease, up from 65,000 sf, is reportedly signed at a full-service annual lease rate of between $22- and $23 per sf, making the five-year deal worth more than $8.3 million, not including owner concessions.

Publisher Opens New 400,000-SF HQ

remstaff &Globe Street | September 23, 2002

HOBOKEN, NJ-Departing Manhattan, where it had been based since its founding in 1807, John Wiley & Sons now calls SJP Properties' Waterfront Corporate Center on the Hudson riverfront home.

The Summit Secures Another Tenant

remstaff &Globe Street | September 23, 2002

BELLEVUE, WA-The Summit, a two-building office complex that opened this month, inks a deal to add Extreme Fitness to its roster of tenants. Less than 20,000 sf of leasable space now remains at the facility.

Office Moves Rearrange 23,000 SF

remstaff &Globe Street | September 23, 2002

AUSTIN-CDM, a multi-faceted engineering firm, shifts its office from the northwest submarket to the far northwest while First Avantus Securities relocates into 6,295 sf in its existing submarket.

Wall Street Watch

remstaff &Globe Street | September 23, 2002

MOODY'S REVISES OUTLOOK ON MACK-CALI REALTY'S RATINGS TO POSITIVE; CONFIRMS Baa3 SENIOR DEBT RATING Approximately $1.9 Billion of Securities Affected.…

California Bank to Buy its First New York Branch

remstaff &Globe Street | September 23, 2002

NEW YORK CITY-United Commercial Bank, which serves the ethnic Chinese community through 30 California branches from Los Angeles to Sacramento, will establish a New York beachhead with the acquisition of Broadway National Bank's Brooklyn Branch.

Boeing Tenant Re-Ups, Expands 22,000 SF in Clear Lake

remstaff &Globe Street | September 23, 2002

CLEAR LAKE, TX-Plant Automation Services stays put after expansion options are laid on the table for the solutions provider for industrial process plants. An extra 7,852 sf is leased along with a 14,389-sf renewal.

Pinnacle Buys Chatham Executive Center

remstaff &Globe Street | September 23, 2002

CHATHAM, NJ-Wellsford/Whitehall Holdings was the seller of the 63,346-sf class A asset, which is considered one of the prime assets in the market.

RICS Research Challenges Theory on Growth of Cities

remstaff &Globe Street | September 23, 2002

LONDON-The "ticking time-bomb" of the growth of mega-cities around the world has been overstated, says new research by RICS.

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Survey Finds Many Owners Opt to Forego Terrorism Insurance Entirely

AT&T Wireless Renews, Expands Lease at AT&T Center

Publisher Opens New 400,000-SF HQ

The Summit Secures Another Tenant

Office Moves Rearrange 23,000 SF

Wall Street Watch

California Bank to Buy its First New York Branch

Boeing Tenant Re-Ups, Expands 22,000 SF in Clear Lake

Pinnacle Buys Chatham Executive Center

RICS Research Challenges Theory on Growth of Cities

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