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Stanhope Completes First Phase of Hemel Hempstead Office Scheme

remstaff &Globe Street | July 11, 2002

LONDON-Developer Stanhope has completed the 140,000-sf first phase of its 600,000-sf Peoplebuilding Hemel office development at Hemel Hempstead, Hertfordshire. The speculative building does not yet have a tenant.

390-Unit Ventana Sells for $20M Plus

remstaff &Globe Street | July 11, 2002

SAN ANTONIO-Houston's LJ Melody arranges a permanent loan of nearly $19.7 million for the acquisition of Ventana Apartments at 11020 Huebner Oaks in San Antonio's ever-popular northwest submarket. The bottom line is $50,384 per unit.

State Inks 125,000-SF Harlem Deal, Seeks up to 240,000 Feet Downtown

remstaff &Globe Street | July 11, 2002

NEW YORK CITY-Having signed a commitment at the under-construction Harlem Center, state officials are now looking to replace the Downtown space it lost on Sept. 11.

Motor City Office Vacancies Top 26%

remstaff &Globe Street | July 11, 2002

DETROIT-The city ranks near the bottom among 57 Downtown office markets, with a local broker blaming mergers and the economy. It's a different story, however, in the suburbs.

SeaWorld Expansion Gains Necessary Approvals

remstaff &Globe Street | July 11, 2002

SAN DIEGO-SeaWorld has won approval for its master plan for its 172-acre site on Mission Bay, apparently ending years of wrangling over the project. The city is requiring the water park to build $4 million in pedestrian, bicycle and road improvement around the bay.

$10.7M Loan Drives 222-Unit Houston Acquisition

remstaff &Globe Street | July 11, 2002

HOUSTON-The Fountains of Woodlake, a 32-year-old complex at 2200 S. Gessner, goes to Stone Mountain Properties. The holding was part of a $600-million portfolio being hawked by Archon Group.

25,000-SF Police Station Redevelopment Moves Forward

remstaff &Globe Street | July 11, 2002

BALTIMORE, MD-The $4.7-million redevelopment of an historic police station advances a step as city officials approve the sale of the one-acre property to developer, 1899 Limited Liability. Upon completion, the law enforcement facility will house 25,000 sf of office and retail space.

$16M Tuscany Rising in Hot Multifamily Market

remstaff &Globe Street | July 11, 2002

LEWISVILLE, TX-Mockingbird Properties of Dallas is the latest to break ground in Lewisville, where 1,498 units were under way at the Q2 close. The 288-unit Tuscany Gardens and its high-end peers are bridging the gap with Las Colinas/Valley Ranch.

Vantage Tenant Stages Sales, Storage Site in 13,500 SF

remstaff &Globe Street | July 11, 2002

HOUSTON-MAB Flooring picks an office/warehouse at Pinemont Center, a 69,750-sf two-building project in the northwest Houston industrial corridor. The submarket recently emerged on the positive side of absorption after a long down period.

Court Trustee Sues Alleged Front Man in Evergreen Scam

remstaff &Globe Street | July 11, 2002

ORLANDO-Gregg A. White, a supposedly wealthy real estate investor in the Bahamas, is accused of being one of the early owners of the defunct Evergreen Security Ltd. whose principals allegedly fleeced 2,203 American and foreign investors out of a total $214 million over a 10-year period.

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Stanhope Completes First Phase of Hemel Hempstead Office Scheme

390-Unit Ventana Sells for $20M Plus

State Inks 125,000-SF Harlem Deal, Seeks up to 240,000 Feet Downtown

Motor City Office Vacancies Top 26%

SeaWorld Expansion Gains Necessary Approvals

$10.7M Loan Drives 222-Unit Houston Acquisition

25,000-SF Police Station Redevelopment Moves Forward

$16M Tuscany Rising in Hot Multifamily Market

Vantage Tenant Stages Sales, Storage Site in 13,500 SF

Court Trustee Sues Alleged Front Man in Evergreen Scam

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