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Successful Multifamily Building Goes Condo

remstaff &Globe Street | August 26, 2002

DETROIT-Although the owners of the Lofts of Rivertown enjoyed a 95% occupancy rate while it was a multifamily rental building, J&J Slavik Inc. spends another $5 million to convert it to condominiums.

San Antonio Retail Market Remains Healthy

remstaff &Globe Street | August 26, 2002

SAN ANTONIO-The occupancy rate is near 89% and the average rent up 2.1%, according to new market report from Holliday Fenoglio Fowler. A stable local economy and a flourishing trade zone keep the region moving.

Giant Signs 56,000 SF, 25-Year Lease to Anchor New Center

remstaff &Globe Street | August 26, 2002

ACCOKEEK, MD-Giant Food signs a lease for a 55,800-sf space with Manokeek Village Ctr. developer Manekin LLC in a 25-year deal. Giant grocery store will serve as the anchor tenant for the new 150,000-sf center and will open its doors next spring.

Northridge Plaza Financed for $23.8M

remstaff &Globe Street | August 26, 2002

CHICAGO-The 209,288-sf Northridge Plaza Shopping Center in Olathe, KS is funded by the Kansas City, MO office of NorthMarq Capital while locally-based Cohen Financial brokers the sale of a K-Mart-anchored shopping center in Marion, KS for $85 per sf.

Many Hotels Underway, None in the Pipeline

remstaff &Globe Street | August 26, 2002

COSTA MESA, CA-Orange County tied with San Diego County for the most new hotels under construction, but it lags the state in the number of new rooms planned, according to a new report.

Judge Rules Against Kilroy REIT

remstaff | August 25, 2002

LOS ANGELES, CA-Superior Court Judge David Yaffe decided against the Los Angeles-based real estate investment trust in its bitterly fought battle with Thomas Properties over a proposed development in El Segundo.

Insurance Firm Outgrows Owned Space, Leases From Unico

remstaff &Globe Street | August 25, 2002

TACOMA, WA-In one of the largest office leases here this year, Bratrud Middleton Insurance Brokers signs a 10-year lease for 25,727-sf in Wells Fargo Plaza, a 25-story Downtown office building owned and managed by Unico Properties.

DFW Retail Sailing Along Despite Slight Slide

remstaff &Globe Street | August 25, 2002

DALLAS-The metroplex retail market is growing, but it's mostly the same old gang pushing a new building strategy. As for the state of the market, the Weitzman Group says occupancy is down a tad, rent is flat, but supply and demand are balanced.

250-Unit Alexan Scottsdale Fields $29M Buyer

remstaff &Globe Street | August 25, 2002

SCOTTSDALE, AZ-Henderson Investors buys the two-year-old property for a Chicago client. The complex, bearing the high-end branding of Trammell Crow Residential, was 92% occupied at sale time.

Union Bank Taps Yeatts as Real Estate Manager

remstaff &Globe Street | August 25, 2002

SAN DIEGO, CA-A 22-year employee of the bank, Michael Yeatts has been working with the real estate group since 1994. In his new role managing the company's real estate industry deposit services group, the senior vice president heads a team of 30 employees that operate throughout California, Oregon and Washington.

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Successful Multifamily Building Goes Condo

San Antonio Retail Market Remains Healthy

Giant Signs 56,000 SF, 25-Year Lease to Anchor New Center

Northridge Plaza Financed for $23.8M

Many Hotels Underway, None in the Pipeline

Judge Rules Against Kilroy REIT

Insurance Firm Outgrows Owned Space, Leases From Unico

DFW Retail Sailing Along Despite Slight Slide

250-Unit Alexan Scottsdale Fields $29M Buyer

Union Bank Taps Yeatts as Real Estate Manager

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