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Investment Banks Ink Relocation, Expansion Deals

remstaff &Globe Street | September 16, 2002

NEW YORK CITY-Jeffries & Co. Inc. now has a fourth elevator stop at 520 Madison Ave., while UniCredito Italiano is moving its North American headquarters from the Seagrams building up to 430 Park.

HLM Brings Brannon Back as Chief Financial Officer

remstaff &Globe Street | September 16, 2002

ATLANTA-Barely three weeks after replacing Vernon Brannon with outside appointee William Shropshire Jr., the Charlotte-based architectural and engineering firm drops Shropshire.

DaimlerChrysler to Sell 204,000-SF Facility

remstaff &Globe Street | September 16, 2002

PHILADELPHIA-The AEG building, named after the carmaker's Frankfurt, Germany-based affiliate, goes on the block for $14 million. It is the largest building in the Washington County, PA multi-use development southwest of Pittsburgh and combines a 124,000-sf warehouse with 80,000-sf of office space.

$94M Community Center Nears Completion

remstaff &Globe Street | September 16, 2002

SAN DIEGO, CA-Roel Construction is wrapping up the final phase of the 110,000-sf Salvation Army Ray and Joan Kroc Corps Community Center, which will be completed in October. Crews are now working on the related 37,000-sf performing arts center, 14,000-sf education center and 800-sf generation plant.

Medical Supplier Acquires 37,750-SF Building

remstaff &Globe Street | September 16, 2002

SAN ANTONIO-The 4340 West Ave. building, assessed at $620,000, will be converted into distribution and offices for a San Antonio-based medical supplier. Beer distributor Halo Distribution eliminated excess space while the buyer gets to expand.

$1.1B Sale Bails Out National Golf

remstaff &Globe Street | September 16, 2002

SANTA MONICA, CA-The troubled REIT says a Goldman Sachs investor group will buy it and American Golf, the private company that operates National's courses. The deal will settle a series of financial woes that troubled National and American after a sharp fall-off in business at their courses hobbled American's capacity to pay its rent to National.

Duane Reade Signs 15-Year Deal on 6,500-SF Queens Store

remstaff &Globe Street | September 16, 2002

NEW YORK CITY-There's one on just about every Manhattan corner, but pharmacy chain Duane Reade is nearly invisible in the outer boroughs. A broker involved in the deal says a new Kew Gardens lease is part of the company's claim-staking strategy.

General Growth Buys Pecanland Mall for $72M

remstaff &Globe Street | September 16, 2002

ATLANTA-The Chicago firm paid $22 million in cash or $73.17 per sf and assumed a $50-million mortgage at 6.5% interest on the single-level, 984,000-sf enclosed mall in Monroe, LA. The 20-year-old center is 94% leased and anchored by Dillard's, Sears, JC Penney, McRae's, and Mervyns.

Leddy Beefs Up Hotel Holdings With AmeriSuite Package Deal

remstaff &Globe Street | September 16, 2002

SAN ANTONIO-The San Antonio-based buyer acquires the 128-room facilities in Austin, San Antonio and Houston from Lane Hospitality of Northbrook, IL. Leddy slides in its subsidiary as the property manager amid makes plans for a Houston office.

LP Pays $4.3M for Virginia Village Complex

remstaff &Globe Street | September 16, 2002

BARSTOW, CA-A Southern California partnership, known as 144 Virginia Village LP, acquires the multifamily property from Steadfast Virginia Village LP. Located at 501 E. Virginia Way, the complex contains 144 units.

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Investment Banks Ink Relocation, Expansion Deals

HLM Brings Brannon Back as Chief Financial Officer

DaimlerChrysler to Sell 204,000-SF Facility

$94M Community Center Nears Completion

Medical Supplier Acquires 37,750-SF Building

$1.1B Sale Bails Out National Golf

Duane Reade Signs 15-Year Deal on 6,500-SF Queens Store

General Growth Buys Pecanland Mall for $72M

Leddy Beefs Up Hotel Holdings With AmeriSuite Package Deal

LP Pays $4.3M for Virginia Village Complex

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