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Cadence Extends 68,000-SF Lease to Lock In Savings

remstaff &Globe Street | June 25, 2002

AUSTIN-The software maker cashes in on the current weak market by inking a deal with a lower rate. Talks began when Cadence had a year to go on its lead spot in the 120,000-sf Lakeview Center in the far northwest submarket.

City Rejects Claims of Condo Foes

remstaff &Globe Street | June 25, 2002

ESCONDIDO-A planned 28-unit condominium complex does not violate California environmental laws as alleged by opponents, city officials say.

Affordable Housing Complex Stays That Way

remstaff &Globe Street | June 25, 2002

SAN JOSE-The affordable housing crunch continues throughout the United States, as many affordable housing developers switch to market rates when their contracts expire. One San Jose development was acquired and renovated in an attempt to remain affordable.

CarrAmerica Leases 93,576 SF for Estimated $13M at Five Properties

remstaff &Globe Street | June 25, 2002

ATLANTA-Despite a depressed office market, the Washington, DC-based owner has brought its Atlanta area assets to the 90%-leased level by finding tenants for five-year to 10-year terms at average quoted rents of $20 per sf.

Texas A&M Board OKs Team for 44,000-SF Adaptive Reuse

remstaff &Globe Street | June 25, 2002

GALVESTON, TX-The Houston firm of Tellepsen Solutions/Pearson English is hired to design the conversion of an office/manufacturing facility into offices and classrooms for the Galveston campus. The fast-track project starts delivering in August.

Hagens Berman LLP Opens Local Office

remstaff &Globe Street | June 25, 2002

BOSTON-The Seattle-based law firm makes its first foray onto the East Coast and is looking to expand its work in a number of areas, including representation of institutional investors.

Phase Two of $130M, 15-Acre Centergy Begins

remstaff &Globe Street | June 25, 2002

ATLANTA-The state-funded Advanced Technology Development Center will anchor the Downtown project with 125,000 sf of office space. The first 200,000-sf Yamacraw Design Center building is set to open in December.

Nordstrom Sets Up Southeast Operating Division

remstaff &Globe Street | June 25, 2002

MIAMI-The 56-year-old, Seattle-based retailer names Geevy S. Thomas, a longtime company executive vice president, to head the new staff in suburban Coral Gables, FL where Nordstrom plans to open a 200,000-sf, $40 million store by Sept. 27.

Pollack Apache Central Center Accorded 2002 Honor

remstaff &Globe Street | June 25, 2002

TEMPE, AZ-The city selects the 43,800-sf, fully leased center and owner, Michael A. Pollack Real Estate Investments for the top honor for property improvements. The renovation made a viable retail center out of an outdated strip mall with 70% occupancy.

Center City Office Rates Drop, TIs Rise

remstaff &Globe Street | June 25, 2002

PHILADELPHIA-Asking rental rates in class-A office space in Center City dropped $0.41 per sf in the opening months of this year, taking them below $22 per sf, according to first-quarter data from Studley. Tenant improvement dollars proliferate.

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Cadence Extends 68,000-SF Lease to Lock In Savings

City Rejects Claims of Condo Foes

Affordable Housing Complex Stays That Way

CarrAmerica Leases 93,576 SF for Estimated $13M at Five Properties

Texas A&M Board OKs Team for 44,000-SF Adaptive Reuse

Hagens Berman LLP Opens Local Office

Phase Two of $130M, 15-Acre Centergy Begins

Nordstrom Sets Up Southeast Operating Division

Pollack Apache Central Center Accorded 2002 Honor

Center City Office Rates Drop, TIs Rise

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