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1.5 MSF of Sublease Space Cascades on Downtown

remstaff &Globe Street | April 12, 2002

CHICAGO-Overall vacancy Downtown is up to 14.3%,with a total of more than 5.5 million sf of sublease space now available, according to Cushman & Wakefield's first-quarter report. It is the largest amount of sublease space the firm has seen in 15 years of tracking the submarkets.

Pair Promoted to Top Spots at Edens & Avant

remstaff &Globe Street | April 12, 2002

ATLANTA-The Columbia, SC retailer has promoted Terry S. Brown to CEO. Jodie W. McLean is the new president and chief investment officer.

Central London Take-Up Hits Ten-Year Low

remstaff &Globe Street | April 12, 2002

LONDON-Take-Up in the Central London office market hit a ten year low during the first quarter of 2002, according to Jones Lang LaSalle. But the agent says signs of recovery are already appearing.

CA-Based Trust Harvests About $2M From Two Multifamily Sales

remstaff &Globe Street | April 12, 2002

PHOENIX-The Bleau Family trust sells the 21-unit Dana East apartments in Phoenix for $725,000 and the 28-unit Garden View in Mesa for $1.3 million. The Phoenix property goes to a Chandler investor and the other to a Chicago buyer.

Manufacturers to Share 600,000-SF Facility

remstaff &Globe Street | April 12, 2002

WARREN, MI-Two steel processing firms, Noble International Ltd. and SET Enterprises, Inc., join forces to extend manufacturing capabilities for the automotive industry in one new building, the Noble International Technical Center.

Mixed-Use, Office Properties Financed

remstaff &Globe Street | April 12, 2002

DENVER-Dunkeld Co. LLC gets a $1.5-million mortgage for its mixed-use complex at Santa Fe Drive and West 5th Avenue while Dry Creek Limited Partnership gets a $1-million mortgage for building at 2 West Dry Creek Circle.

Star Hotels to Build in 2-Acre Research Park

remstaff &Globe Street | April 12, 2002

LAUREL, MD-Star Hotels spends $719,000 on 2.1 acres of land at the 65-acre Montpelier Research Park, where it will construct an 80-room Holiday Inn Express hotel.

State Will Buy Airport for $22M

remstaff &Globe Street | April 12, 2002

READINGTON, NJ-The surprise move came just before local officials were set to begin condemnation proceedings aimed at getting the current owner to sell the 745-acre property to the township.

Rosewood, US Bancorp Take $16M Stake in Fired Up

remstaff &Globe Street | April 12, 2002

AUSTIN-Austin's Fired Up gets the financial backing it needs to continue an expansion of eight to 10 restaurants per year. Rosewood Capital of San Francisco and US Bancorp of Minneapolis get preferred stock for their contributions.

Syufy Proposes $30M Retail Project

remstaff &Globe Street | April 12, 2002

RANCHO CORDOVA, CA-Syufy Enterprises, controller of Century Theaters Inc., proposes a $30 million retail and entertainment center in Ranch Cordova that could be completed by fall 2003.

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1.5 MSF of Sublease Space Cascades on Downtown

Pair Promoted to Top Spots at Edens & Avant

Central London Take-Up Hits Ten-Year Low

CA-Based Trust Harvests About $2M From Two Multifamily Sales

Manufacturers to Share 600,000-SF Facility

Mixed-Use, Office Properties Financed

Star Hotels to Build in 2-Acre Research Park

State Will Buy Airport for $22M

Rosewood, US Bancorp Take $16M Stake in Fired Up

Syufy Proposes $30M Retail Project

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