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Houston's Big Box Leasing Walking 2002 Tightrope

remstaff &Globe Street | February 28, 2002

HOUSTON-Big box product was up by 8.46% at the close of 2001 versus 2000. Just in the first quarter, 700,000 sf would have to be absorbed to maintain the current occupancy level. Two specialists say the market will fall short by about 300,000 sf.

GlobeSt.com UPDATE: Troubled Sandy Lake Towers Attracts Buyer, Owner Tells Court

remstaff &Globe Street | February 28, 2002

ORLANDO-A Middle East investment group has signed a contract for $24 million to buy the 408-unit, twin 17-story condominium-hotel project in Orlando's main tourist corridor, say real estate brokerage sources intimate with the bankruptcy proceedings.

Two Bread-and-Butter Deals Close in Phoenix, Tempe

remstaff &Globe Street | February 28, 2002

PHOENIX-Flex-Guard heads into 4,848 sf at 2640 E. Rose Garden in Phoenix and All Seasons Pool & Patio signs for 8,275 sf in Tempe. Both industrial lease are typical "bread-and-butter" deals that keep the market going.

Alameda Point Creating Problems for Oakland

remstaff &Globe Street | February 28, 2002

OAKLAND, CA-Oakland officials and business owners want the City of Alameda to scale back plans for a 900-acre mixed-use development because of how it will affect traffic.

SF Named Most Expensive for Business

remstaff &Globe Street | February 28, 2002

SAN FRANCISCO-High office rents and operating costs in San Francisco make it the most expensive place to operate a mid-level technology company, according to The Boyd Company.

Drama, Crisis in Condo-Development Market

remstaff &Globe Street | February 28, 2002

SEATTLE, WA-The extinction of dinosaurs, scientists pronounce, was wrought by natural calamity. For the condominium market, those in development assert its demise is taking the form of exponentially-escalating insurance costs and greed-driven lawsuits. Lawyers counter that poor construction is to blame.

Enron, Astros Ink $2.1M Buyout of Stadium's Name

remstaff &Globe Street | February 28, 2002

HOUSTON-The bankruptcy court must make it a done deal, but for now, the Houston Astros feels it's free to scout for a new naming rights partner. Enron, reportedly paying $100 million for the stadium name, gets $2.1 million and a release from the Astros.

Deutsche Bank Creates $21B Global Real Estate Investment Management Business

remstaff &Globe Street | February 28, 2002

FRANKFURT-Deutsche Bank has combined its six separate real estate investment management groups around the world into a single entity, DB Real Estate, which will be run out of New York. The new company will have $21 billion under management.

Contractors Give Lifetime Achievement Award

remstaff &Globe Street | February 28, 2002

MINNEAPOLIS-Eugene F. Grazzini Jr., a 30-year construction industry veteran, is the top executive at Eagan, MN-based Grazzini Brothers & Co. James A. Hagman, president of Hagman Construction in Minneapolis, receives the organization's skill-responsibility-integrity award.

Michael Jordan's Restaurant Debuts

remstaff &Globe Street | February 28, 2002

WASHINGTON, DC-Celebrity athlete Michael Jordan opens an 11,000-sf restaurant on the ground level of the Ronald Reagan Building and International Trade Center, the second-largest building in the DC area. The eponomously named jordan's is a two-floor, 180-seat establishment that is the former home of Palomino Euro Bistro.

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Houston's Big Box Leasing Walking 2002 Tightrope

GlobeSt.com UPDATE: Troubled Sandy Lake Towers Attracts Buyer, Owner Tells Court

Two Bread-and-Butter Deals Close in Phoenix, Tempe

Alameda Point Creating Problems for Oakland

SF Named Most Expensive for Business

Drama, Crisis in Condo-Development Market

Enron, Astros Ink $2.1M Buyout of Stadium's Name

Deutsche Bank Creates $21B Global Real Estate Investment Management Business

Contractors Give Lifetime Achievement Award

Michael Jordan's Restaurant Debuts

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