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Rouse Wraps Up $5.3B Rodamco Buy

remstaff &Globe Street | May 07, 2002

COLUMBIA, MD-The Rouse Company, in a joint purchasing endeavor with Simon Property Group and Westfield America Trust completes the $5.3 billion aquisition of of Rodamco North America, NV's assets.

Office Vacancy Increase Predicted

remstaff &Globe Street | May 07, 2002

DETROIT-Marcus and Millichap predicts new construction will grind down in last half of 2002 to wait for the economy to rebound. However, the overall vacancy rate may rise another full percentage point.

Private Offices Making a Comeback

remstaff &Globe Street | May 07, 2002

SAN FRANCISCO-During the dot-com era, strictly open-plan layouts were the norm and were good choices to create space efficiency. Businesses now say the layouts, while economically sound, are less practical for running a business.

Winn-Dixie Abandoning Texas, Oklahoma Markets, Emptying 78 Locations

remstaff &Globe Street | May 07, 2002

FORT WORTH-The Jacksonville, FL grocer has leveled a hit that no one saw coming. Winn-Dixie is at the bargaining table with a buyer for part of its Texas and Oklahoma inventory as it preps for the June 26 two-state shutdown.

TOD Starts With 23,000-SF Retail Building

remstaff &Globe Street | May 07, 2002

CHICAGO-The area around the Pulaski Avenue Chicago Transit Authority "El" stop appeared doomed to additional disinvestment in the 1990s, until the Green Line was rebuilt. Bethel New Life, Inc.'s project is a boost to the Garfield Park neighborhood.

$71M in Financing for 900 7th St.

remstaff &Globe Street | May 07, 2002

WASHINGTON, DC-Developers of the 350,000-sf class A structure to be erected at 900 Seventh St. win $70.8 million in financing for construction from Chicago's Corus Bank. Delivery of the 11-story structure is slated for Summer 2003.

X-ray Optics Company Lured to A2 Corridor

remstaff &Globe Street | May 07, 2002

AUBURN HILLS, MI-Osmic Inc. hopes to expand its technology to assist the medical diagnosis and therapy fields. The company invests nearly $10 million on a new 57,000-sf facility on Giddings and East Taylor roads while relocating from Troy.

$1M Development Pool Set Aside for Cities With Decommissioned Bases

remstaff &Globe Street | May 07, 2002

AUSTIN-The Texas Department of Economic Development is making it known that grant money is available to buy, rehab, equip or install infrastructure for development. The catch is it's earmarked for 15 cities affected by closed armed forces bases.

Lease Renewals Total 46,000 SF at 100 E. Pratt Tower

remstaff &Globe Street | May 07, 2002

BALTIMORE, MD-After 10 years, financial services organizations UBS Paine Webber and Merrill Lynch make another commitment to 100 East Pratt St. by signing lease renewals totaling nearly 46,000-sf at the 635,300-sf, 28-story tower.

Vacancies, Negative Absorption Rise

remstaff &Globe Street | May 07, 2002

DENVER-The Downtown direct vacancy rate soars to 14.8% in the first quarter, including a 33.19% rate in the Northwest corridor, where the rate actually is 48.58% when total space available is considered.

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Rouse Wraps Up $5.3B Rodamco Buy

Office Vacancy Increase Predicted

Private Offices Making a Comeback

Winn-Dixie Abandoning Texas, Oklahoma Markets, Emptying 78 Locations

TOD Starts With 23,000-SF Retail Building

$71M in Financing for 900 7th St.

X-ray Optics Company Lured to A2 Corridor

$1M Development Pool Set Aside for Cities With Decommissioned Bases

Lease Renewals Total 46,000 SF at 100 E. Pratt Tower

Vacancies, Negative Absorption Rise

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