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GlobeSt.com UPDATE: Tampa Apartment Market Remains Strong

remstaff &Globe Street | January 23, 2002

TAMPA, FL-Completed new units in 2001 totaled 6,469 but only 2,720 apartments were rented. Even so, a new study by Carrollton, TX-based M/PF Research, finds the Tampa Bay hub one of the few markets in the country adding renters in late 2001.

Kmart Looks to Close Hundreds of Stores

remstaff &Globe Street | January 23, 2002

PORTLAND-A day after filing for Chapter 11 bankruptcy protection, work begins to shed as much as one-third of its 2,100 stores and reorganize operations to get back to profitability. In Oregon, the Troy, MI-based retailer operates 18 locations.

186,000-SF Ground-Breaking Imminent

remstaff &Globe Street | January 23, 2002

PHOENIX-EJM Development of Los Angeles tickets February for a second-phase start at its 19th & Pinnacle Peak Commerceplex in Deer Valley. A third phase is on the 2002 drawing boards while the developer talks about retail for the premier corner tract.

$90-Mil Good Samaritan Project Under Way

remstaff &Globe Street | January 23, 2002

PHOENIX-DPR Construction crews descend on the Good Samaritan Regional Medical Center in Phoenix. The long-awaited project brings more beds, more clinic space, more parking and a bevy of other upgrades to the 91-year-old facility.

Nextel Will Shutter Major Call Center

remstaff &Globe Street | January 23, 2002

RUTHERFORD, NJ-The wireless provider will outsource its call center operations to an IBM partner firm, which will shut down its operation in this Bergen County city where it all began.

Quality Speeds Up Store Closings

remstaff &Globe Street | January 23, 2002

MUSKEGON, MI-The retail chain will close all of its 176 remaining stores and a Fostoria, OH distribution center by March 31, rather than 133 as previously announced. Quality Stores, Inc. sold 170 stores last year to satisfy bondholders.

Bondy & Schloss Takes Full Floor Space at Lincoln Building

remstaff | January 23, 2002

NEW YORK CITY-The 81-year-old law firm will join 125 other legal practices at the 55-story tower near Grand Central Terminal.

Hotels Discounting to Prop Up Occupancy

remstaff &Globe Street | January 23, 2002

MINNEAPOLIS-Occupancy is down 5% to 15%, while room rates are down from 15% to 30%, according to a Marquette Advisors executive. St. Paul's Downtown market is holding up better than here.

Passco Acquires Shopping Complex for $8.8 Mil

remstaff &Globe Street | January 23, 2002

SANTA ANA, CA-The real estate operating company plans to upgrade the property through exterior refurbishments. Encompassing 11,392 sf, the retail center is anchored by a Stater Brothers grocery store.

Citrus World Signs Three-Year, $10.5 Mil Lease for Golden Gem

remstaff &Globe Street | January 23, 2002

UMATILLA, FL-The 68-year-old frozen juice processor can extend the lease on the 100-acre, 54-year-old plant for six years under a deal worked out with property owner Boeing Capital Corp. of Seattle. Umatilla is 35 miles northwest of Downtown Orlando.

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GlobeSt.com UPDATE: Tampa Apartment Market Remains Strong

Kmart Looks to Close Hundreds of Stores

186,000-SF Ground-Breaking Imminent

$90-Mil Good Samaritan Project Under Way

Nextel Will Shutter Major Call Center

Quality Speeds Up Store Closings

Bondy & Schloss Takes Full Floor Space at Lincoln Building

Hotels Discounting to Prop Up Occupancy

Passco Acquires Shopping Complex for $8.8 Mil

Citrus World Signs Three-Year, $10.5 Mil Lease for Golden Gem

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