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Mold May Soon Be Excluded From Insurance Coverage

remstaff &Globe Street | March 06, 2002

LOS ANGELES-Insurance companies are refusing to write policies on commercial buildings and homes if prior water damage claims have been made or if inspections turn up the potential for mold problems, according to Jenny Jones, president and CEO of Elkins/Jones, a leading property insurance brokerage firm.

Beer Distributor Buys 12-Acres for Industrial Park

remstaff &Globe Street | March 06, 2002

Beer distributor Hensley & Co. has paid $1.28 million for 12 acres of land in Prescott Valley to develop Big Sky Industrial Park. The new site is planned to house a 35,000 sf distribution facility.

Mayor Proposes Property Tax to Develop Surface Artery

remstaff &Globe Street | March 06, 2002

BOSTON-In a potentially controversial move, city Mayor Thomas M. Menino proposes a property tax on businesses here to fund the Central Artery--the 30 acres of green space that will be created when the Big Dig puts the highway underground.

HOK Takes 12,573 SF at 30 W. Monroe

remstaff &Globe Street | March 06, 2002

CHICAGO-The world's second largest architectural firm takes the equivalent of an entire floor in the 19-story, 230,000-sf Downtown office building, netting The Staubach Co. principal Jack Keenan a new Vespa as a leasing incentive.

Hillwood Breaks Ground on AllianceCalifornia

remstaff &Globe Street | March 06, 2002

SAN BERNARNDINO, CA-Today's celebration marks the first major construction at the site of the former Norton Air Force Base since 1994. The groundbreaking will include a "topping-out" ceremony for the eagerly anticipated Kohl's distribution center, which will be the first major industrial complex to rise on the 2,000-acre parcel.

Atis Real Grows as JLL Says Goodnight Vienna

remstaff &Globe Street | March 06, 2002

VIENNA-Several key ex-Jones Lang LaSalle executives have formed a new consultancy to cover Austria and central Europe after JLL decided to close its office in the Austrian capital.

Constellation Sheds Corporate Office Properties Trust Stake for $107.2M

remstaff &Globe Street | March 06, 2002

BALTIMORE, MD-Constellation Real Estate makes its exit from Corporate Office Properties Trust with the sale of 8.9 million shares. The transaction yields $107.2 million for Constellation, which had been the REIT's largest shareholder.

76-Year-Old Retail Landmark on Auction Block

remstaff &Globe Street | March 06, 2002

EUSTIS, FL-The Downtown two story, 12,718-sf former Ferran's Department Store on Magnolia Avenue is expected to sell for a conservative replacement cost of about $50 per sf or $635,900, independent construction industry estimators tell GlobeSt.com.

GlobeSt.com QUICK SURVEY: Networks May Be a Passing Fancy

remstaff &Globe Street | March 06, 2002

NEW YORK CITY-There's a trend among major national real estate firms to eschew city-by-city ownership in favor of network alliances. Respondents to GlobeSt.com's latest Quick Survey, however, state that the tide may just turn again when the economy recovers.

615,000 SF Prescott Gateway Mall Opens

remstaff &Globe Street | March 06, 2002

The opening of the new mall in Prescott not only introduces 615,000 sf into the retail marketplace, but also marks the 51st project between developer Westcor and construction managers, The Weitz Co.

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Mold May Soon Be Excluded From Insurance Coverage

Beer Distributor Buys 12-Acres for Industrial Park

Mayor Proposes Property Tax to Develop Surface Artery

HOK Takes 12,573 SF at 30 W. Monroe

Hillwood Breaks Ground on AllianceCalifornia

Atis Real Grows as JLL Says Goodnight Vienna

Constellation Sheds Corporate Office Properties Trust Stake for $107.2M

76-Year-Old Retail Landmark on Auction Block

GlobeSt.com QUICK SURVEY: Networks May Be a Passing Fancy

615,000 SF Prescott Gateway Mall Opens

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