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Vacancy Rates to Peak by Year End

remstaff &Globe Street | April 29, 2002

BOSTON-A study of 54 markets nationwide conducted by Portfolio and Property Research, a locally based real estate research group, indicates that the vacancy rates in most sectors of the commercial real estate market should peak by the end of this year.

City Sued By Developers Over Rezone

remstaff &Globe Street | April 29, 2002

PITTSBURG, CA-The City of Pittsburg has allegedly tried to bend the laws in rezoning a 294-acre property for single-family housing, according to developers who plan to develop an apartment complex in the area.

Prior EIS, Addendum Will Do for 2200 Westlake

remstaff &Globe Street | April 29, 2002

SEATTLE-Paul Allen's proposed 975,000-sf, three-tower mixed-use development will have an adverse impact on the environment, says the city, but that impact is already covered in Allen's previous environmental reports: Seattle Commons/South Lake Union EIS in 1995 and the Terry Avenue Technology Court EIS in 2001.

Town Will Buy 60 Acres for $1.45M

remstaff &Globe Street | April 29, 2002

SPARTA TWP., NJ-Community officials have been pursuing the residentially zoned property for more than two decades, intending to preserve it as a public beach. The township intends to preserve the site for its current use and develop additional recreational amenities.

Pension Fund Pays $20M for Apartment Community

remstaff &Globe Street | April 29, 2002

LA VERNE, CA-The 208-unit Los Arbolitos Apartment community was sold to a private pension fund client of Lend Lease Real Estate Investments of San Francisico. CT Realty, the seller, invested more than $1.4 million in upgrades during its ownership.

Carter Gets Nod for $100M Mixed-Use Venture

remstaff &Globe Street | April 29, 2002

ATLANTA-Progress Energy of Raleigh, NC plans to break ground by year end on the first 125,000-sf office building and an undetermined amount of residential and retail on a two-acre parcel east of Wilmington Street.

Industrial Vacancy Rises for 5th Straight Quarter

remstaff &Globe Street | April 29, 2002

PORTLAND-Nearly 600,000-sf of space came back to market in the first three months of the year, pushing the overall industrial vacancy rate is 11.8%, or double what it was after the first quarter of 2001, according to the latest quarterly report.

VoiceStream Wireless to Add West Coast Stores

remstaff &Globe Street | April 29, 2002

SEATTLE-The locally-based provider of communication services has retained the Northwest Atlantic Group to oversee the site selection and leasing process of more than 100 new stores in California and Nevada.

Pharmacia Will Buy AT&T's HQ for $200M

remstaff &Globe Street | April 29, 2002

BASKING RIDGE, NJ-The fast-growing drug maker will consolidate its current three-campus headquarters operations to the telecom giant's sprawling 10-building, 1.3 million-sf complex. AT&T itself will consolidate to existing nearby facilities.

Hospital's $50M Expansion on Road to Approval

remstaff &Globe Street | April 29, 2002

MANASSAS, VA-Prince William Hospital gets the first official thumbs-up to expand its facility with an 85,000-sf addition and upgrades. The project is one in a series of renovations to render the nearly 40-year old hospital capable of accommodating the area's growing population.

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Vacancy Rates to Peak by Year End

City Sued By Developers Over Rezone

Prior EIS, Addendum Will Do for 2200 Westlake

Town Will Buy 60 Acres for $1.45M

Pension Fund Pays $20M for Apartment Community

Carter Gets Nod for $100M Mixed-Use Venture

Industrial Vacancy Rises for 5th Straight Quarter

VoiceStream Wireless to Add West Coast Stores

Pharmacia Will Buy AT&T's HQ for $200M

Hospital's $50M Expansion on Road to Approval

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