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Transwestern-Delta Report Bullish on 2002 Office Market

remstaff &Globe Street | January 25, 2002

WASHINGTON, DC-While DC was weathering the economic downturn quite well before the Sept. 11 terrorist attacks, emphasis on increased defense spending following the tragedies is expected to boost the local office market even more.

2nd Phase Plans Submitted for Main Place

remstaff &Globe Street | January 25, 2002

ROYAL OAK, MI-An eight story mixed-use building in this suburb's Downtown will feature condominiums and retail space. It is the second of three phases in the $50-million Main Place development.

Verdugo Way Property Sells for $3.3 Mil

remstaff &Globe Street | January 25, 2002

CAMARILLO, CA-A 38,770 sf multi-tenant industrial complex was sold here last December for $3.3 million. The project, located at 5217-5251 Verdugo Way, was purchased by The Bower Family Trust from the Rottner Family Trust. The two buildings are fully leased. Bob Kahn of CB Richard Ellis represented the buyer in this transaction, while Mike Walsh of Daum Commercial represented the seller.

Multifamily Project Receives Approval

remstaff &Globe Street | January 25, 2002

HOPKINTON, MA-Miraj Ahmed receives approvals from this town's zoning board of appeals to develop a 56-unit condominium complex here on School Street. There was concern over the project's impact on the local water supply but the developer has agreed to dig a well to serve the complex.

Home Depot to Increase Area Presence

remstaff &Globe Street | January 25, 2002

GREATER BOSTON-Despite the recession, Home Depot continues to expand its presence in the area. The national home-improvement chain, which already has 27 stores in the state, plans to open seven more stores here within the next year.

Towne Center Development Takes Different Tack

remstaff &Globe Street | January 25, 2002

EL CAJON, CA-A long-contested mall here will likely include 10 buildings, one of them seven stories high. Developers have been trying to build on the site for three years, but have been unsuccessful with the vacant downtown mall

IKEA Begins 1.7 Mil-SF Distribution Center

remstaff &Globe Street | January 25, 2002

PERRYVILLE, MD-Swedish home furniture company IKEA begins construction of a new 1.7 million-sf distribution center in the Cecil County town. The project will cost an estimated $50 million and will bring as many as 350 jobs to the area.

Extension Talks Underway On Prime Aurora Debt

remstaff &Globe Street | January 25, 2002

AURORA, IL-Prime Group Realty Trust is talking with Friedman Billings Ramsey on a third extension of an $8-million mezzanine debt, paid down from $12 million, on its 185-acre industrial project here.

Neighborhoods Get $1.6 Mil in Grants for Affordable Housing

remstaff &Globe Street | January 25, 2002

BALTIMORE, MD-Seven community partnerships have received grants totaling $1.6 million to build affordable housing from the Federal Home Loan Bank of Atlanta. About 302 area families will eventually benefit from the award.

Long-Time Tenant Adds 44,988 SF at Southpark Industrial

remstaff &Globe Street | January 25, 2002

CHANDLER, AZ-Heraeus, a Fortune 250 company based in Germany, bolsters its interests in the Southeast Valley. The 85,000-sf tenant signs a five-year deal valued at more than $1.5 million for the extra space.

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Transwestern-Delta Report Bullish on 2002 Office Market

2nd Phase Plans Submitted for Main Place

Verdugo Way Property Sells for $3.3 Mil

Multifamily Project Receives Approval

Home Depot to Increase Area Presence

Towne Center Development Takes Different Tack

IKEA Begins 1.7 Mil-SF Distribution Center

Extension Talks Underway On Prime Aurora Debt

Neighborhoods Get $1.6 Mil in Grants for Affordable Housing

Long-Time Tenant Adds 44,988 SF at Southpark Industrial

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