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Phoenix Firms Ramp Up Office Relocations

remstaff &Globe Street | July 25, 2002

PHOENIX-Kinetic IT heads into a 4,644-sf office at Pointe Corridor Centre IV while Mutual Life signs for 4,307 sf at Concord Place. LSF Presidio is the owner of both Phoenix properties.

Time Marches On With $11M Bankruptcy Sale

remstaff &Globe Street | July 25, 2002

CHICAGO-A partnership consisting of principals from Drew Cos. and Marc Realty will pay less than $30 million for the property at Elizabeth and Fulton streets on the Near West Side, where a $115-million office campus was once envisioned by bankrupt dotcom company marchFIRST.

Renewal, Sublease Flag 107,000-Plus SF for Houston Warehouses

remstaff &Globe Street | July 25, 2002

HOUSTON-Abbey Party Rents holds onto 64,666 sf at a ProLogis warehouse along Blankenship Road while 02 Wireless Solutions signs for a 42,101-sf sublease spot in a Vantage-owned warehouse along Windfern.

45,600-SF Spec Facility Built in Slate Belt

remstaff &Globe Street | July 25, 2002

PHILADELPHIA-Three area economic development groups and a private developer join forces to construct and market a spec facility to draw industry and jobs to the Slate Belt Industrial Center in Lehigh Valley, PA near the Green Knight Energy Center.

San Antonio Office Market Ready for Comeback

remstaff &Globe Street | July 25, 2002

SAN ANTONIO-Overall vacancy of 19.3% is 30 basis points better than just three months ago. It appears the market's bottomed out and is ready to climb despite some hits that could be leveled by some major players around town.

GlobeSt.com EXCLUSIVE: Perry Capital Forms Real Estate Unit

remstaff &Globe Street | July 25, 2002

NEW YORK CITY-The hedge fund is taking a shot at real estate with the creation of Perry Real Estate Partners, a new investment group led by former Blackacre Capital Management vice president Andrew Isikoff and managing director Robert Stern.

Major Central Oregon Development Underway

remstaff &Globe Street | July 25, 2002

BEND, OR-The 486-acre development, called Northwest Crossing, will eventually encompass 1,000 single-family homes, 350 multi-family units and more than 70 acres zoned for commercial and industrial uses. The developer is a partnership between Brooks Resources Corp. and Tennant Developments.

Atrium Building Sells for $14.2M

remstaff &Globe Street | July 25, 2002

ROCKVILLE, MD-The Atrium Building, a 22-year-old, 81,390-sf office structure on Executive Boulevard, sells in a $14.2 million cash deal to Washington Real Estate Investment Trust. The three-story property will soon be 92.5% occupied and, coincidentally, sits just across the street from WRIT's headquarters.

San Antonio Multifamily Market Picks Up Steam

remstaff &Globe Street | July 25, 2002

SAN ANTONIO-Occupancy across the board picked up in the second quarter after two previous quarters of declines. The latest count puts occupancy at 92.72%. The increase, though, haven't erased the concessions.

Industrial Space at 200 Liberty St. Hits Market

remstaff &Globe Street | July 25, 2002

METUCHEN, NJ-Sheldon Gross Realty, which has the assignment to sell the building, is targeting single or multiple industrial and warehouse/distribution users. The 42,600-sf property is targeting warehouse and distribution operators.

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