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$4.9M Industrial Transaction Closes

remstaff &Globe Street | May 07, 2002

SAN JUAN CAPISTRANO, CA-Encompassing 36,000 sf, the facility stands on a 3.2-acre parcel in the San Juan Capistrano Business Park. The building is currently leased by United Rental, Indian Motorcycles, Enterprise Rent-a-Car and a classic automobile showroom.

Post Properties Posts First-Quarter Downer

remstaff &Globe Street | May 07, 2002

ATLANTA-The locally based REIT booked net income of $14.2 million or 38 cents per diluted share versus $19.9 million or 51 cents in the comparable 2001 quarter. Company president David P. Stockert succeeds Post's founder/chairman John A. Williams as CEO July 1.

CSC Strikes 37,000-SF Lease With Microsoft Subsidiary

remstaff &Globe Street | May 07, 2002

AUSTIN-CSC has filled four of six floors in its 400 W. Cesar Chavez St. building. The newest tenant to OK a space deal is Digital Anvil, which is taking an entire floor. The negotiated pact is a direct lease with a four-year term.

Phoenix Battles Another Dismal Office Report

remstaff &Globe Street | May 07, 2002

PHOENIX-This time, it's Marcus & Millichap saying the metro market has far more product than demand. Vacancy is pushing 19%, with forecasters saying it will reach 21%. No change is predicted until early 2003.

Builders Brace for Stiffer Fees

remstaff &Globe Street | May 07, 2002

OLYMPIA, WA-The state Department of Labor and Industries has proposed a hike in the fees it imposes upon builders and contractors for mandated services, such as inspections.

$21.5M to Revitalize Brownfield Communities

remstaff &Globe Street | May 07, 2002

OAKLAND COUNTY, MI-Three Michigan communities will receive $3 million in brownfield cleanup grants. The rest of the money, which is used to leverage private investment, goes to other states.

Novartis To Develop 255,000-SF Lab

remstaff &Globe Street | May 07, 2002

CAMBRIDGE, MA-Novartis, the Basil, Switzerland-based pharmaceutical giant, takes 255,000-sf of space in Kendall Square to develop the Novartis Institutes for Biomedical Research, which will serve as its worldwide research center. The company plans to initially invest $250 million in developing the facility.

S&P Lowers Airport Bonds to A-Minus

remstaff &Globe Street | May 07, 2002

MIAMI-The New York-based bond-rating agency is worried lower passenger volume over the next eight years could put the city's aviation department in a financial bind on the $2.6 billion in new debt it has taken on to complete a north terminal development program and other capital improvements totaling $7.2 billion.

80,000-SF Office Building Sells for $8.4M

remstaff &Globe Street | May 07, 2002

CANOGA PARK, CA-The property is located near the Warner Center sub-market, across the street from a Westfield Shopping Town. The buyer was Owensmouth LLC. The seller was Arden Realty Inc.

Decorative Center Splits Off Office Leasing Pact

remstaff &Globe Street | May 07, 2002

HOUSTON-Moody Rambin Interests wins a 136,000-sf assignment from Cohen Bros. Realty Corp., owner of the 525,000-sf Decorative Center in the Galleria submarket. The owner will continue leasing the showroom and Moody Rambin gets the balance.

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$4.9M Industrial Transaction Closes

Post Properties Posts First-Quarter Downer

CSC Strikes 37,000-SF Lease With Microsoft Subsidiary

Phoenix Battles Another Dismal Office Report

Builders Brace for Stiffer Fees

$21.5M to Revitalize Brownfield Communities

Novartis To Develop 255,000-SF Lab

S&P Lowers Airport Bonds to A-Minus

80,000-SF Office Building Sells for $8.4M

Decorative Center Splits Off Office Leasing Pact

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