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Job Finder Inks 53,000-SF Office Lease

remstaff &Globe Street | July 24, 2002

SAN DIEGO-The San Diego Workforce Partnership has signed a three-year lease valued at $2.6 million for space at 8401 Aero Dr., near Montgomery Field and the Sky Park industrial center.

Net West Collects $5.8M From Apartment Sale

remstaff &Globe Street | July 24, 2002

CASA GRANDE, AZ-The senior living owner pushes ahead on a bankruptcy plan, unloading one of the few non-senior assets in the portfolio. The 140-unit Casa De Topaz goes to Momar Properties of Los Angeles.

Commercial Markets Showing Promise

remstaff &Globe Street | July 24, 2002

SAN DIEGO-The office, industrial and R&D markets are all showing signs they may be recovering from the recent letdown in leasing, according to a study by Burnham Real Estate Services.

NJ Buyer Pumping $400,000 Into Windfern Meadows

remstaff &Globe Street | July 24, 2002

HOUSTON-The plan is to renovate and raise rent at the newly acquired 184-unit complex in Houston's far northwest submarket. The 98%-occupied complex is an ideal candidate since rent is now $83 per month below the submarket average.

High-End Hotel Nears Completion

remstaff &Globe Street | July 24, 2002

PLEASANT HILL, CA-Leisure Sports Inc. and Marriott International are preparing for the grand opening of the Renaissance ClubSport, the first four-diamond hotel and full-service fitness resort under one roof in California.

W.P. Carey Buys 1.9M-SF Industrial Portfolio in $55M Leaseback Deal

remstaff &Globe Street | July 24, 2002

NEW YORK CITY-The investment banking firm's string of sale/leaseback deals continues with the acquisition of seven manufacturing facilities. The seller, a global auto parts firm, will net lease the assets for 18 years.

Wal-Mart Sues Volusia County on Rejected New Smyrna Beach Site

remstaff &Globe Street | July 24, 2002

ORLANDO-Elected officials turned down the Bentonville, AR-based retailer's plans for an estimated 250,000-sf, $32 million supercenter structure on State Road 44, east of Interstate 95 because it was allegedly flood-prone.

Comeback Trail a Bumpy Road for Prime Group

remstaff &Globe Street | July 24, 2002

CHICAGO-A short-term liquidity crisis is solved, and a pruned-back portfolio shows solid Central Business District office properties, including the emerging 1.5-million-sf Dearborn Center. Still, Prime Group Realty Trust's stock trades at less than 30 cents on the dollar compared to book value.

Property Sale to Help Fund Railtrack Reorganisation

remstaff &Globe Street | July 24, 2002

LONDON-Jones Lang LaSalle has been brought in to advise on the sale of Railtrack Developments, which owns 20 major city centre sites across the UK.

650,000-SF Semiconductor Site Goes Dark

remstaff &Globe Street | July 24, 2002

IRVING, TX-Some 300 workers are being displaced in a shutdown of the lone Texas manufacturing site for San Jose, CA-based Atmel Corp. Broker interviews are under way to ID the team to sell the 56-acre site, bought just two years ago from Hitachi.

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Job Finder Inks 53,000-SF Office Lease

Net West Collects $5.8M From Apartment Sale

Commercial Markets Showing Promise

NJ Buyer Pumping $400,000 Into Windfern Meadows

High-End Hotel Nears Completion

W.P. Carey Buys 1.9M-SF Industrial Portfolio in $55M Leaseback Deal

Wal-Mart Sues Volusia County on Rejected New Smyrna Beach Site

Comeback Trail a Bumpy Road for Prime Group

Property Sale to Help Fund Railtrack Reorganisation

650,000-SF Semiconductor Site Goes Dark

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