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Tustin Office Building Changes Hands

remstaff &Globe Street | February 11, 2002

TUSTIN, CA-The 20,389-sf facility fetches $2.4 million for seller Personal Benefit Insurance. The deal comes as vacancies are on the rise in the Orange County office market.

Texas Travelers Prefer Outlying Cities to Metros, Except for Houston

remstaff &Globe Street | February 11, 2002

DALLAS-Houston is the only one of Texas' Big Four to post a gain in tourism revenue while small and mid-size cities' festivals are packing hotels. Summer should bring a rebound statewide, but it won't be a record year for tourism.

Dallas Office Market's Get-Tough Tact Tempers Negative Signs

remstaff &Globe Street | February 11, 2002

DALLAS-The Federal Reserve Bank says Texas possibly is in a recession. Grubb & Ellis reports the highest negative absorption in a decade. Still, there are slight signs that the worst could be over.

Illinois Paper Closes on $3M Industrial Buy

remstaff &Globe Street | February 11, 2002

BOLINGBROOK, IL-A 55,000-sf industrial building at 6 Territorial Ct. is sold to the largest independent distributor of paper for copiers, laser printers, and fax machines in the Chicago market by BMW Venture, LLC for $57 per sf.

Union Pacific Railroad Leases Downtown Office

remstaff &Globe Street | February 11, 2002

HOUSTON-Union Pacific Railroad gets a piece of Houston history, signing for 9,738 sf in the Esperson Buildings. Urban legend claims the ghost of Mellie Esperson still walks the halls of the historic "his and her" CBD buildings.

Senior Housing Complex Slated for Nassau County

remstaff &Globe Street | February 11, 2002

NORTH WOODMERE, NY-The first project by a joint venture of two Long Island developers is a 129-unit assisted-living complex with a 30-person Alzheimer's facility.

Test Equipment Maker Buys Industrial Building

remstaff &Globe Street | February 11, 2002

YORBA LINDA, CA-B&K Precision snatches up a 16,789-sf Yorba Linda facility for $1.8 million. Such smaller deals are keeping local brokers busy in an Orange County industrial market weakened by the recession.

Cross-Border Deals Down, Not Out, in Europe

remstaff &Globe Street | February 11, 2002

CHICAGO-Capital tended to stay home in 2001, according to Jones Lang LaSalle, which reports a 25% drop in cross-border volume. However, the total is up 84% from 1999, with the UK and France getting the majority of the action.

Whitehall Probes $2M Loss; Suspects Insiders

remstaff &Globe Street | February 11, 2002

MIAMI-The Brickell Avenue-based holding company, comprising a mortgage banking/residential title insurance services division and a hair-growth stimulation firm, alleges previous employees misappropriated $460,427. The company showed a profit of $190,563 in 2000.

Wyeth-Lederle Investing $250M in Plant Growth

remstaff | February 11, 2002

CHARLOTTE-The Philadelphia-based pharmaceutical company is adding a 150,000-sf laboratory and manufacturing arm at its 215-acre Sanford, NC campus, 80 miles east of Downtown Charlotte.

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Tustin Office Building Changes Hands

Texas Travelers Prefer Outlying Cities to Metros, Except for Houston

Dallas Office Market's Get-Tough Tact Tempers Negative Signs

Illinois Paper Closes on $3M Industrial Buy

Union Pacific Railroad Leases Downtown Office

Senior Housing Complex Slated for Nassau County

Test Equipment Maker Buys Industrial Building

Cross-Border Deals Down, Not Out, in Europe

Whitehall Probes $2M Loss; Suspects Insiders

Wyeth-Lederle Investing $250M in Plant Growth

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