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MPTV Gets Green Light for Building Permits

remstaff &Globe Street | January 28, 2002

IRVINE, CA-The Irvine-based developer secures approval from Clark County, NV for the renovation of five buildings at its Las Vegas resort project.

Morgan Stanley to Buy 725,000-SF Former Texaco HQ

remstaff &Globe Street | January 28, 2002

HARRISON, NY-Morgan Stanley has beaten a number of other interested bidders and has reached a preliminary agreement to acquire the former Texaco world headquarters building here.

95,000-SF Medical Building Trades for $17.8 Mil

remstaff &Globe Street | January 28, 2002

OAKLAND, CA-The buyer, Compass Grand Associates, says its purchase of the East Bay's largest privately held medical office building was motivated by the relative weakness in the general office market. Two previous prospective purchasers failed to close on the building.

Apartment Market Continues to Suffer

remstaff &Globe Street | January 28, 2002

ATLANTA-M/PF Research shows occupancy rates have dropped since last summer but construction of new units in metro Atlanta is on the rise. As of January, there were 17,493 units in the pipeline, the largest future supply in the nation.

Officials Doubt Financial Backing of Casino

remstaff &Globe Street | January 28, 2002

SAN DIEGO-Federal regulators have stymied a proposed contract between the San Pasqual Indians and a Louisiana financier that helped build and open the $40-million Valley View Casino.

Town Lake Apartment Project Lands on City Agenda, Again

remstaff &Globe Street | January 28, 2002

AUSTIN-The 200-unit Town Lake Apartment tries one more time to garner Austin City Council's final OK for the development. The final step in the project's start has been on the agenda at least five times since the initial OK in June 2001.

Valley Office Vacancy Climbs to 20.4%

remstaff &Globe Street | January 28, 2002

PHOENIX-Not even the crash and burn of the savings and loan industry wreaked such havoc on the metro Phoenix market, says a top exec. The region has posted its lowest level of office absorption since 1984, with some areas registering in the negative.

UC Berkeley Prepares for New Mixed-Use Project

remstaff &Globe Street | January 28, 2002

BERKELEY, CA-The University of California at Berkeley is accepting development proposals for the redevelopment of University Village and Gill Tract into a mixed-use community. The 26-acre site is valued at $100 million.

144-Unit Kingston Row Complex Getting Make Over With $4-Mil Loan

remstaff &Globe Street | January 28, 2002

HOUSTON-The Kings Row Apartments secures a refinancing loan that includes more than $950,000 to upgrade the South Houston affordable housing project. The Chicago-based owner takes a 35-year amortized loan at a 6.65% interest rate.

South Bank Set For Mini Ice Age As Market Goes Cold

remstaff &Globe Street | January 28, 2002

LONDON-London's South Bank--until recently seen as one of the UK capital's strongest emerging markets--is likely to be frozen out by occupiers and investors for at least two years according to new research from Cluttons. Prime rents have already fallen 25%.

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MPTV Gets Green Light for Building Permits

Morgan Stanley to Buy 725,000-SF Former Texaco HQ

95,000-SF Medical Building Trades for $17.8 Mil

Apartment Market Continues to Suffer

Officials Doubt Financial Backing of Casino

Town Lake Apartment Project Lands on City Agenda, Again

Valley Office Vacancy Climbs to 20.4%

UC Berkeley Prepares for New Mixed-Use Project

144-Unit Kingston Row Complex Getting Make Over With $4-Mil Loan

South Bank Set For Mini Ice Age As Market Goes Cold

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