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Daytona Beach Hotel Market in Best Shape, Ernst & Young Says

remstaff &Globe Street | March 12, 2002

ORLANDO-Only about 15% of Daytona's tourists arrive by plane--a key reason for the area's improved condition following 9-11, the accounting firm says in its annual hospitality industry forecast. Tampa, Fort Lauderdale and Jacksonville should also recover quickly but Orlando and Miami areas will take longer.

Lend Lease Buys 961,000-SF Industrial Park

remstaff &Globe Street | March 12, 2002

KENT, WA-The estimated $27 million sales price for Valley Industrial Park is said to be $19-per-sf less than the seller, TrizecHahn, paid to acquire it last fall. The park is 60% occupied, with Boeing as its largest tenant.

Opportunity Seen in Northeast Industrial Market

remstaff &Globe Street | March 12, 2002

DENVER-A developer might be wise "to build a cross-dock product with construction beginning mid-year 2002 and product being delivered (at the) end of first quarter 2003," says CB Richard Ellis industrial broker Mark Dwyer.

Metzler Completes RidgePointe; Tenants Still to Come

remstaff &Globe Street | March 12, 2002

REDMOND, WA-The three-story, 50,000-sf office development sits adjacent Microsoft's world headquarters in Redmond. Developer Metzler North America says it anticipates its first signed tenants by the end of March.

Ashley Furniture Leasing 93,379 SF for Estimated $8.4M

remstaff &Globe Street | March 12, 2002

ATLANTA-The Arcadia, WI-based manufacturer is taking 53,159 sf at Southlake Pavilion Shopping Center in Morrow, GA and 40,220 sf at Venture Pointe Shopping Center in Duluth, GA. Both are 10-year deals.

Texas Trust Bests Half Dozen Bidders for 40-Unit Complex

remstaff &Globe Street | March 12, 2002

PHOENIX-The 98%-occupied, class C Suntree complex in Central Phoenix sparks a rash of bidders due to a better-than-average cash flow, says an insider. The holding is one of the few in its category that isn't strapped for cash due to resident exits.

Ealing to Get 84,000-SF Office

remstaff | March 12, 2002

LONDON- Ealing Gateway on 26-30 Uxbridge Road, is HBG Properties' vision of a seven-storey West London office building. It will be the largest office scheme to be developed in Ealing for more than a decade.

New Deal, Renewal Carve 196,985 SF From Industrial Market

remstaff &Globe Street | March 12, 2002

ARLINGTON, TX-Westgate Fabrics will be relocating within the Great Southwest Industrial Park, signing a long-term deal for 65,385 sf for an Arlington building. In Fort Worth, National Distribution Centers renews 131,600 sf.

California Distributor Shifts East With $315,000 Buy

remstaff &Globe Street | March 12, 2002

CASA GRANDE, AZ-A distributor and manufacturer of game room furnishings has relocated to a developing distribution hub in outlying Casa Grande. The buyer picks a 7,800-sf warehouse for his Arizona base.

Insurance Firm Takes 9,707 SF in Colonnade I

remstaff &Globe Street | March 12, 2002

SAN ANTONIO-Equity Office Properties secures Trinity Universal Insurance Co. as a new tenant at the 169,000-sf Colonnade I. The firm's new office is situated in the premier mixed-use development in San Antonio's northwest submarket.

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Daytona Beach Hotel Market in Best Shape, Ernst & Young Says

Lend Lease Buys 961,000-SF Industrial Park

Opportunity Seen in Northeast Industrial Market

Metzler Completes RidgePointe; Tenants Still to Come

Ashley Furniture Leasing 93,379 SF for Estimated $8.4M

Texas Trust Bests Half Dozen Bidders for 40-Unit Complex

Ealing to Get 84,000-SF Office

New Deal, Renewal Carve 196,985 SF From Industrial Market

California Distributor Shifts East With $315,000 Buy

Insurance Firm Takes 9,707 SF in Colonnade I

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