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Despite Cost, Town Hopes to Acquire 52 Acres of State Land

remstaff &Globe Street | July 12, 2002

MARLBOROUGH, MA-The city wants to acquire 52 acres of state surplus land. While initially there were indications that the state would donate the land, the city will now have to pay the market value, which is currently $226,500.

Philadelphia's Rait Investment Buys 728 Units for $44M

remstaff &Globe Street | July 12, 2002

MIAMI-Chicago-based Huron Ft. Myers LLC received an average $59,753 per unit for the 90%-plus-occupied properties in Ft. Myers and Naples, FL. Holliday Fenoglio Fowler brokered the transaction.

52,400 SF of Industrial Space Passes Closing Tables

remstaff &Globe Street | July 12, 2002

HOUSTON-Deepwater Corrosion Services moves in Aug. 1 to a 16,785-sf build-to-suit along Brittmore Road while King Warehouse Services & Cartage slides into 35,560 sf along Armour Drive. The B-T-S lease is finally signed.

Office Market Bottoming Out, Bowers Reports

remstaff &Globe Street | July 12, 2002

ATLANTA-At mid-year, Atlanta's office absorption stands at its lowest in a decade, according to Richard Bowers, president of locally based Richard Bowers & Co. Overall rental rates average $21.53 per sf. Buckhead leads the submarkets at $26.34 per sf.

GM Signs Sale-Leaseback on Distribution Centers

remstaff &Globe Street | July 12, 2002

PHILADELPHIA-As part of a four-property sale-leaseback transaction, General Motors assumes occupancy of a 562,560-sf distribution facility in Bucks County, PA. Chicago-based First Industrial Realty Trust handled all four transactions.

Garment Maker Inks $2M Lease

remstaff &Globe Street | July 12, 2002

COMMERCE, CA-The growing firm will expand its 150,000-sf operation by adding another 100,000 sf, at a building with dock-high loading and rail service, also in Commerce.

State Grants $2M to Help Renovate Downtown

remstaff &Globe Street | July 12, 2002

PHILADELPHIA-In an effort to help Slippery Rock University attract and retain more students, Gov. Mark Schweiker made a $2-million grant to Slippery Rock Development Inc. to revitalize the borough's business district. Total

330,000-SF Mixed Use Project Set for Brownfield

remstaff &Globe Street | July 12, 2002

GRAND RAPIDS, MI-The state provides 10% of the cost of a $28-million residential and retail development being built on the site owned by a 117-year-old seating manufacturer.

BNY Building Reopens Following Post-Attack Renovations

remstaff &Globe Street | July 12, 2002

NEW YORK CITY-The Bank of New York's Technology and Operations center, located on the edge of the World Trade Center site at 101 Barclay St., officially opened yesterday, having completed extensive renovations after being damaged in the Sept. 11 attacks.

SAB Moves to Full Floor at 712 Fifth Ave.

remstaff &Globe Street | July 12, 2002

NEW YORK CITY-The asset management firm occupies nearly 10,000 sf above Henri Bendel's flagship store at Fifth Avenue and 56th Street. The deal is a five-year sublease from a Barbados-based reinsurance intermediary.

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Despite Cost, Town Hopes to Acquire 52 Acres of State Land

Philadelphia's Rait Investment Buys 728 Units for $44M

52,400 SF of Industrial Space Passes Closing Tables

Office Market Bottoming Out, Bowers Reports

GM Signs Sale-Leaseback on Distribution Centers

Garment Maker Inks $2M Lease

State Grants $2M to Help Renovate Downtown

330,000-SF Mixed Use Project Set for Brownfield

BNY Building Reopens Following Post-Attack Renovations

SAB Moves to Full Floor at 712 Fifth Ave.

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