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Demand Strong but Fewer Apartments Changing Hands

remstaff &Globe Street | February 15, 2002

ORLANDO-Only 20 multifamily properties were sold in 2001, the lowest number in four years, a new CB Richard Ellis Inc. analysis shows. But average closing prices on units that sold were the highest at $59,854.

12,000-SF Church Trades for $1.2M

remstaff &Globe Street | February 15, 2002

SAN GABRIEL, CA-The Apostolic Assembly of Faith has sold a 12,000-sf church facility on 24,750 sf at 311 East Mission Rd. to the International B Cultural Center.

Two Hampton Buildings Sell for $12.4 Million

remstaff | February 15, 2002

CAPITOL HEIGHTS, MD-Hampton Overlook office/flex space complex and Hampton South Business Centre warehouse sell for a combined $12.4 million to AFL-CIO Building Investment Trust.

Optima-Center Mixed-Use Property Sells for $7M

remstaff &Globe Street | February 15, 2002

HIGHLAND PARK, IL-A complicated deal involving a ground lease and a scramble for new financing after one commitment is yanked after Sept. 11 closes, resulting in this North Shore suburb's tallest building changing hands.

Navy Rejects City's Offer for Oak Knoll

remstaff &Globe Street | February 15, 2002

OAKLAND, CA-The former Navy Hospital facility at Oak Knoll is up for sale and public auction, after the Navy rejected the City of Oakland's $6.5 million offer. The city will now have to bid against the public if it wants to redevelop the 180-acre facility.

Borders Opening 23,000-SF Store at The Pavilion

remstaff &Globe Street | February 15, 2002

EVANSVILLE, IN-A 23,000-sf store in the fastest growing submarket of this southern Indiana city will offer products customized to the local area's shopping desires, the Ann Arbor, MI-based company says.

City Drops Developer, New $200M Project Planned

remstaff &Globe Street | February 15, 2002

DEARBORN, MI-Burton-Katzman Development of Bingham Farms, MI, Mayor Michael Guido's first choice last year, proposes a mixed-use project on a former Jacobson's site owned by the city. D.J. Maltese failed to get its $50-million project off the ground.

Property Funds Outperform Equities and Bonds Again

remstaff &Globe Street | February 15, 2002

LONDON-Year end data for 2001 shows returns from pooled property funds comfortably beat both equities and government bonds, and the outperformance is set to continue, says the Association of Property Unit Trusts.

VRD Proposes 320,000 SF of Office Space

remstaff &Globe Street | February 15, 2002

MT. ARLINGTON, NJ-The two-building complex, located at 500 and 600 Valley Rd. here, requires zoning variances based on height-one of the buildings would be twice the 35-foot height currently allowed.

$110M Lake Park Redevelopment Finally Nears

remstaff &Globe Street | February 15, 2002

CHICAGO-Plan commission members green-light a 490-unit redevelopment of four former Chicago Housing Authority high-rises with a mixture of for-sale and rental units, divvied up between public housing, affordable and market-rate rents or prices.

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Demand Strong but Fewer Apartments Changing Hands

12,000-SF Church Trades for $1.2M

Two Hampton Buildings Sell for $12.4 Million

Optima-Center Mixed-Use Property Sells for $7M

Navy Rejects City's Offer for Oak Knoll

Borders Opening 23,000-SF Store at The Pavilion

City Drops Developer, New $200M Project Planned

Property Funds Outperform Equities and Bonds Again

VRD Proposes 320,000 SF of Office Space

$110M Lake Park Redevelopment Finally Nears

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