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Unsettled Market Still Affects Most Cities: Report

remstaff &Globe Street | April 05, 2002

NEW YORK CITY-Real estate's traditional lag behind the US economy continues, according to a Studley Q1 report. The greatest activity appears to be in Washington, DC, still perking from the boost of a new administration. San Francisco, on the other hand, has issues to deal with.

Vacancies Hit 21% as Office Market Continues to Soften

remstaff &Globe Street | April 05, 2002

ATLANTA-First-quarter numbers released by Cushman & Wakefield of Georgia Inc. demonstrate that Atlanta's office sector is still feeling the effects of a battered national economy.

Land Deal Spurs $9.6M Assisted Living Project

remstaff &Globe Street | April 05, 2002

CHICAGO-The city writes down the cost of a nearly .25-acre site by $75,000, opening the door for the development arm of South Park Baptist Church to build a 16-story, 130-unit assisted living facility for senior citizens.

Norcross Center Sells for $8M

remstaff &Globe Street | April 05, 2002

ATLANTA-Centre Stage Associates LLC has sold the 95,357-sf, 98%-leased retail property in suburban Atlanta for $8.06 million or about $85 per sf to Centre Stage Property LLC of Alpharetta, GA.

Three Properties Sell for More Than $7.4M

remstaff &Globe Street | April 05, 2002

PHOENIX-Metro sellers have hawked a 34,405-sf retail center, 6,725-sf restaurant and 128-space mobile home and RV park, raking in a combined $7.4 million plus for the holdings in Mesa, Phoenix and Tucson.

BART Extension to San Jose Approved

remstaff &Globe Street | April 05, 2002

SAN JOSE-Funding for several new transportation development projects has been approved, including $717 million for the long-awaited BART extension project that will bring BART to Downtown San Jose.

Avalanche Owners May Buy Hockey Rink

remstaff &Globe Street | April 05, 2002

DENVER-New Jersey-based National Hockey League wants to focus on owning and operating skating rinks on the East Coast, so it has put its two-rink project at the former Lowry Air Force base on the market for $7.4 million, $2.1 million less than a recent appraisal.

IMG Re-Ups for 30,000 SF-Plus

remstaff &Globe Street | April 04, 2002

ALLENDALE, NJ-The marketing and communications firm will stay right where it is after signing a new long-term deal at the 550,000-sf Allendale Corporate Center. Insignia/ESG of New Jersey, based in Saddle Brook, exclusively represented IMG in the transaction.

MPTV Nears Final Signing for $14M Lake Tropicana Loan

remstaff &Globe Street | April 04, 2002

LAS VEGAS-After having problems with its original construction financing on the project, MPTV is working with new lender PacEquities.com, for a larger loan and possibly financing for all three phases.

40,000-SF Folsom Complex Sells at $6.95M

remstaff | April 04, 2002

FOLSOM, CA-Meadowview Limited Partners of Marin County bought the Riley Professional Center in central Folsom for $6.95 million. The seller, Capital Builders, built the property in 2000.

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Unsettled Market Still Affects Most Cities: Report

Vacancies Hit 21% as Office Market Continues to Soften

Land Deal Spurs $9.6M Assisted Living Project

Norcross Center Sells for $8M

Three Properties Sell for More Than $7.4M

BART Extension to San Jose Approved

Avalanche Owners May Buy Hockey Rink

IMG Re-Ups for 30,000 SF-Plus

MPTV Nears Final Signing for $14M Lake Tropicana Loan

40,000-SF Folsom Complex Sells at $6.95M

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