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Residential Hotel Conversion Law Upheld

remstaff &Globe Street | March 05, 2002

SAN FRANCISCO-The California Supreme Court voted to uphold the city's residential hotel conversion law, which prevents residential hotel owners from converting the properties for tourist use.

Flight Simulator Manufacturer Puts Up $925,000 for Industrial Park

remstaff &Globe Street | March 05, 2002

GLENDALE, AZ-Systems 2000 has shifted an expansion plan into high gear with the closing of the 12,500-sf North Canyon Ranch Industrial Park. It's the second time that the building has changed hands in recent months.

EOP Subsidizing Commute Trip Reduction Program

remstaff &Globe Street | March 05, 2002

SEATTLE-With hope not only of reducing commutes but also of attracting and retaining tenants, Equity Office Properties is subsidizing the new program for employers in its Bank of America Tower. Employees in the building will be offered free bus passes, priority carpools, and other perks.

Wet Seal Plans to Open New Stores in 2002

remstaff | March 05, 2002

FOOTHILL RANCH, CA-Although the clothing retailer will close 27 locations over the current fiscal year, it also plans to open around 50 Wet Seal stores, 15 to 20 Arden B. stores and 10 to 15 Zutopia stores.

European Cross-Border Property Investment Set to Grow Again

remstaff &Globe Street | March 05, 2002

LONDON-After a slight fall in cross-border investment activity within Europe, broker DTZ says that activity is already picking up leading to a real prospect that 2002 will prove to be a record year.

R&D Space Sells, Distribution Center Leases

remstaff &Globe Street | March 05, 2002

CARLSBAD, CA-A limited partnership has purchased a 70,456-sf multi-tenant office and industrial park on 4.8 acres in the first of two recent industrial deals.

126,576-SF Center Sells for $17.4M

remstaff &Globe Street | March 05, 2002

SANTA CLARA, CA-The Mariposa Shopping Center in Santa Clara sells to a Dallas investor. The shopping center is anchored by Safeway, Longs Drugs and Ross, and is currently undergoing an expansion.

MBTA to Clean Up 37-Acre Rail Yard; Eyes Sale to Developer

remstaff &Globe Street | March 05, 2002

DEDHAM, MA-The Massachusetts Bay Transportation Authority will clean up its 37-acre Readville rail yard here and then consider selling part of the site either to a private developer or transfer it to the city.

McCarthy to Break Ground at UCSD

remstaff &Globe Street | March 05, 2002

LA JOLLA, CA-A two-year, $42.4 million contract to build a new research facility at the University of California, San Diego School of Medicine is scheduled to break ground this month.

Broward Suburban Office Vacancies at Record High

remstaff &Globe Street | March 05, 2002

FORT LAUDERDALE, FL-The 3.7 million-sf Fort Lauderdale CBD has the lowest vacancy level at 16.92%. Sublease space totaling 657,034 sf has brought the overall vacancy mark in the 22.3 million-sf county market to 19.86%, according to a new study by RealData Information Systems Inc. of Coral Gables, FL.

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Residential Hotel Conversion Law Upheld

Flight Simulator Manufacturer Puts Up $925,000 for Industrial Park

EOP Subsidizing Commute Trip Reduction Program

Wet Seal Plans to Open New Stores in 2002

European Cross-Border Property Investment Set to Grow Again

R&D Space Sells, Distribution Center Leases

126,576-SF Center Sells for $17.4M

MBTA to Clean Up 37-Acre Rail Yard; Eyes Sale to Developer

McCarthy to Break Ground at UCSD

Broward Suburban Office Vacancies at Record High

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