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Prime Group Settles Debt, Gets $15M Infusion

remstaff &Globe Street | July 17, 2002

CHICAGO-The REIT puts additional money in escrow to cover Dearborn Center construction costs, satisfying a previously reluctant lender and closing a deal with Security Capital Preferred Growth, Inc.

Video Game Firm Leases 48,000-SF HQ Space

remstaff &Globe Street | July 17, 2002

NEW YORK CITY-A historic downtown loft building will be the new home of video game manufacturer Take-Two Interactive Software Inc. The firm is the maker of the immensely popular "Grand Theft Auto" game.

$15.6M Nets Value-Adding Investor 196 Units

remstaff &Globe Street | July 17, 2002

WEST COVINA, CA-"When this building is renovated and the rents are up to market level, I expect they will have close to a 9-cap deal," the broker for the deal tells GlobeSt.com. "West Covina is a very hot market right now.

Woolwich Points to Softening Consumer Confidence in Residential

remstaff &Globe Street | July 17, 2002

LONDON-UK consumers' confidence in the housing market has softened according to the latest Woolwich Mortgage Index, despite the fact that house prices are continuing to rise.

ImClone Doing 45,000-SF Design/Build Facility

remstaff &Globe Street | July 17, 2002

BRANCHBURG, NJ--The biopharmaceutical company has been making negative headlines regarding insider trading, but it's continuing to grow its business and the facilities it occupies.

Kroenke Buys Paramount Lease, Eyes Improvements

remstaff &Globe Street | July 17, 2002

DENVER-The owner of the Colorado Avalanche and Denver Nuggets buys the 99-year lease of Denver's historic Paramount Theatre and plans a long-term program of restorations and renovations, starting with the air conditioning system and roof repairs.

CHEP Signs 144,000-SF Lease for Estimated $50M at Gran Park

remstaff &Globe Street | July 17, 2002

ORLANDO-The area's largest office contract of the year has the Australian-British-owned shipping logistics company taking the space for 15 years at an estimated quoted rent of $23 per sf in south Orlando.

Governor Files Bill to Oversee Surface Artery

remstaff &Globe Street | July 17, 2002

BOSTON- After years of wrangling over control of the 30 acres of prime real estate that will be exposed once the Big Dig puts the highway underground, Governor Jane Swift files legislation to create a public trust that will determine its fate.

$15M Scarsdale Commons Project Breaks Ground

remstaff &Globe Street | July 17, 2002

SCARSDALE, NY-Another luxury rental housing project has broken ground in Westchester. However, this venture is different, says the developer, because it is located in the heart of one of the most affluent communities in the nation.

Overbuilding May Loom Over CBD Office Market

remstaff &Globe Street | July 17, 2002

HOUSTON-With more than 6 million sf of space coming online in the CBD over the next 18 months, many are wondering if there will be takers for the space or if building owners will need to begin looking at rate drops.

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Prime Group Settles Debt, Gets $15M Infusion

Video Game Firm Leases 48,000-SF HQ Space

$15.6M Nets Value-Adding Investor 196 Units

Woolwich Points to Softening Consumer Confidence in Residential

ImClone Doing 45,000-SF Design/Build Facility

Kroenke Buys Paramount Lease, Eyes Improvements

CHEP Signs 144,000-SF Lease for Estimated $50M at Gran Park

Governor Files Bill to Oversee Surface Artery

$15M Scarsdale Commons Project Breaks Ground

Overbuilding May Loom Over CBD Office Market

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