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Historical Society's $75M Museum Falling Short

remstaff &Globe Street | June 13, 2002

PHILADELPHIA-Doubt is cast on long-delayed plans for a proposed Crawford Museum of Transportation and Industry in Cleveland. The $75-million project that would replace the current museum in University Circle is two years behind schedule.

Shell Sheds 650 Acres in $31.5M Sale

remstaff &Globe Street | June 13, 2002

PHILADELPHIA-The oil company disposes of 13 unimproved properties located in nine states and ranging in size from a two-acre site in Cary, NC to a 153-acre parcel in Fulton County, GA.

American Campus Subleases 25,000 SF at Las Cimas III

remstaff &Globe Street | June 13, 2002

AUSTIN-The student housing developer takes the class A office space off the hands of Dell Computer Corp. The tenant will exit Austin Centre in the CBD for the 160,000-sf Las Cimas III in the southwest submarket.

Power Center Owner Refinances $45M

remstaff &Globe Street | June 13, 2002

NEWPORT BEACH, CA-Newport Beach-based Buchanan Street Partners has secured the loan for Salinas Shopping Center Associates. The financing will allow the owner of the 700,000-sf Harden Ranch Plaza to buy out its undisclosed institutional equity partner.

Aquarium Filter Co. Relocates to Santa Ana

remstaff &Globe Street | June 13, 2002

SANTA ANA, CA-Eco System Aquarium has inked a four-year lease for 10,800 sf at 1011 S. Linwood. The company, which will relocate from Irvine in July, plans to use the new location as a sales and manufacturing facility.

HGP Pays $2.5M for Laughlin Land Parcel

remstaff &Globe Street | June 13, 2002

LAUGHLIN, NV-The owner, operator and developer of factory outlet and power centers has acquired the land under its 256,000-sf Horizon Outlet Center located here. The acquisition is expected to cause a significant increase in cash flow for the company, since HGP had been paying $580,000 per year in ground rent.

City Approves Senior Housing Project

remstaff &Globe Street | June 13, 2002

OCEANSIDE, CA-Up to $1.7 million has been set aside by the city for nearly 200 senior multifamily dwellings at Canyon Drive and Bush Street. The $19 million apartment project on five acres will be an extension of the Vintage Pointe senior housing project

Auto Firm Takes 30,000 SF in Koger Ctr for $20 per SF

remstaff &Globe Street | June 13, 2002

ATLANTA-Dayton, OH-based Reynolds & Reynolds leaves 55,000 sf at the Breckenridge Center for 30,300 sf in The Gwinnett Building at Koger Center in Duluth, GA. Area brokers estimate the price for the seven-year lease at approximately $20 per sf.

Wall Street Sleuth Hires Dallas' Mohr Partners

remstaff &Globe Street | June 13, 2002

DALLAS-Kroll Inc. ramps up an expansion by outsourcing real estate services to Mohr Partners. The client has 80-plus offices in 17 countries on six continents. More offices, more markets are coming. Since Sept. 11, 10,000 buildings have retained Kroll.

AT&T Adds 14,200-Plus SF at Northwest Crossing

remstaff &Globe Street | June 13, 2002

HOUSTON-AT&T steps into 14,244 sf of sublease space after the lead tenant is bought out and relocated. AT&T's administrative offices now take up 38,244 sf of the class A suburban office building owned by Yancey-Hausman.

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Historical Society's $75M Museum Falling Short

Shell Sheds 650 Acres in $31.5M Sale

American Campus Subleases 25,000 SF at Las Cimas III

Power Center Owner Refinances $45M

Aquarium Filter Co. Relocates to Santa Ana

HGP Pays $2.5M for Laughlin Land Parcel

City Approves Senior Housing Project

Auto Firm Takes 30,000 SF in Koger Ctr for $20 per SF

Wall Street Sleuth Hires Dallas' Mohr Partners

AT&T Adds 14,200-Plus SF at Northwest Crossing

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