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Former Raytheon Home Sells for $2.2 Million

remstaff &Globe Street | May 16, 2002

VIRGINIA BEACH, VA-Formerly fully leased to Raytheon Service Corp, the 68,000-sf building located at 5740 Bayside Dr. and owned by New Jersey's Monmouth Real Estate Investment Corp. sells for $2.2 million to North Carolina's J&H Realty Corp. The building, which commanded $2.5 million when Monmouth acquired it in 1996, has been vacant for the last 18 months.

$2.3M Multifamily Transaction Closes

remstaff &Globe Street | May 16, 2002

RIVERSIDE, CA-A private investor snatches up the property, known as Jefferson Point. Located at 3742-3758 Jefferson, the complex contains 46 units.

Fispam Sells Four Regional Office Investments

remstaff &Globe Street | May 16, 2002

LONDON-Friends Ivory & Sime Property Asset Management has disposed of 74,533 sf of regional office space in Manchester, Staines, Glasgow and Edinburgh in four separate deals.

FEEDBACK: NAHB Responds to GlobeSt.com Article

remstaff &Globe Street | May 16, 2002

Contrary to comments reported in GlobeSt.com on April 30, the National Association of Home Builders does not establish profitability standards for homebuilders.

$100M Montgomery Park Center Gets $23M in Financing

remstaff &Globe Street | May 16, 2002

BALTIMORE, MD-Himmerlich Associates Inc, developer of the $100 million Montgomery Park Business Center redevelopment project, secures $22.6 million in financing from Citigroup Center for Community Development Enterprise. The historic 1.3 million-sf structure is the former Montgomery Ward Warehouse and Retail Store building.

Unico Keeps One Renton Place Management Contract

remstaff &Globe Street | May 16, 2002

SEATTLE-HAL Real Estate Investments renews its third-party management contract with Unico Properties for the care of One Renton Place, that city's most visible building and part of HAL's 671,000-sf south-end office portfolio, all of which is managed by Unico.

OC Unemployment Rate Drops Slightly

remstaff &Globe Street | May 16, 2002

ORANGE COUNTY, CA-According to recently released statistics on the region, the unemployment level here has decreased 0.1% in April 2002. The county's unemployment rate has fallen from 3.8% in March to 3.7% in April, according to a new report by the State of California Employment Development Department.

Austin's Sublease Market Still Going South

remstaff &Globe Street | May 16, 2002

AUSTIN-Buls-Hodge, the market's primary sublease watcher, says the only change in two weeks is falling rent. Meanwhile, 547,000 sf of sublease space in the 3.74-million-sf inventory have terms of less than a year and rates of $17.35 per sf to $17.77 per sf.

20 Mayors Form Affordable Housing Task Force

remstaff &Globe Street | May 16, 2002

ST. PAUL, MN-The task force appointed by the Metropolitan Council will evaluate strategies and come up with a plan for maintaining and creating affordable housing in the Twin Cities.

860,000-SF Kraft Project Kicks Off

remstaff &Globe Street | May 16, 2002

AURORA, IL-Building and sales efforts continue at Prime Group Realty Trust's 185-acre industrial park here near the I-88/Orchard Road interchange, with Kraft Foods North America breaking ground Wednesday on a new warehouse.

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Former Raytheon Home Sells for $2.2 Million

$2.3M Multifamily Transaction Closes

Fispam Sells Four Regional Office Investments

FEEDBACK: NAHB Responds to GlobeSt.com Article

$100M Montgomery Park Center Gets $23M in Financing

Unico Keeps One Renton Place Management Contract

OC Unemployment Rate Drops Slightly

Austin's Sublease Market Still Going South

20 Mayors Form Affordable Housing Task Force

860,000-SF Kraft Project Kicks Off

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