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Office Market Suffers Through 1st Half

remstaff &Globe Street | July 19, 2002

DENVER-Every submarket is feeling the effects of overbuilding and sublease space, though none as bad as the Northwest corridor, which is saddled with a 53% vacancy rate. "Today, 25 office buildings can deliver blocks of space of 100,000 sf or more," Fuller and Co. reports.

180 Acres Earmarked for Commercial Development

remstaff &Globe Street | July 19, 2002

HOUSTON-The developer of the second largest master-planned community here has acquired an additional 1,828-acres for development. The new acreage has 180 acres set aside for commercial purposes such as retail centers, multifamily housing projects, schools and churches.

Boston's Wilder Plans 320,000-SF Neighborhood Retail Center in South End

remstaff | July 19, 2002

ORLANDO-Called The Loop, the 33-acre project will mirror the developer's 500,000-sf, $85 million venture in suburban Boston that was developed at about $170 per sf. The project inflates Central Florida's retail inventory to over 47 million sf.

Archon's $4.8M Loan Refinances Riviera Plaza

remstaff &Globe Street | July 19, 2002

MIAMI-The challenge for the lender was to provide funds for a 47-year-old, 41,670-sf, 95%-leased strip center without an anchor, but located in a prime commercial area of suburban Coral Gables, FL.

Pembroke Office Park Sells for $15.4M

remstaff &Globe Street | July 19, 2002

VIRGINIA BEACH, VA-The 31-year-old, six-building Pembroke Office Park fetches a respectable $15.4 million in a transaction between owner Virginia Beach Associates LP and buyer Pembroke Office Park LLC.

MuniMae Structures $394M in Q2

remstaff &Globe Street | July 19, 2002

BALTIMORE, MD-Multifamily housing lender MuniMae reveals the structuring of $394 million in multifamily property financing for the second quarter ending. The number constitutes a significant jump from Q1 when MuniMae reported $214 million in structured financing.

Ethan Allen Pre-Leases at Maricopa Industrial Center

remstaff &Globe Street | July 19, 2002

PHOENIX-Tratt Industrial's latest project, Maricopa Industrial Center, has broken ground and pre-leased over 50% of the project to furniture maker Ethan Allen.

Town Frets Over 721-Unit Development

remstaff &Globe Street | July 19, 2002

WAYLAND, MA-Town officials insist that National Development's proposed 721-unit residential complex for Framingham on the Wayland border will impact its traffic and they want the Newton, MA-based company to do additional traffic studies before the plan moves forward.

La Puente Apartments Sell for $7.81M

remstaff &Globe Street | July 19, 2002

LA PUENTE, CA-New owner plans renovations at 103-unit complex on seven acres in San Gabriel Valley, east of downtown Los Angeles, broker Peter Hauser of Hendricks & Partners tells GlobeSt.com.

Teledesic Sublease Signed by Safeway

remstaff &Globe Street | July 19, 2002

BELLEVUE, WA-Safeway Inc. has subleased a large chunk of Downtown flex space from Teledesic, a satellite communications services company that renovated the former HomeGrocer.com warehouse at 1445 120th Ave. N.E., north of Lake Bellevue.

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Office Market Suffers Through 1st Half

180 Acres Earmarked for Commercial Development

Boston's Wilder Plans 320,000-SF Neighborhood Retail Center in South End

Archon's $4.8M Loan Refinances Riviera Plaza

Pembroke Office Park Sells for $15.4M

MuniMae Structures $394M in Q2

Ethan Allen Pre-Leases at Maricopa Industrial Center

Town Frets Over 721-Unit Development

La Puente Apartments Sell for $7.81M

Teledesic Sublease Signed by Safeway

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