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GlobeSt.com EXCLUSIVE: C&W to Launch US Alliance Program

remstaff &Globe Street | January 22, 2002

NEW YORK CITY-The firm signs up independent real estate concerns in six industrial-heavy markets. Each participating company will be branded a "Member of the Cushman & Wakefield Alliance.

Developer 'Tweaks' $500-Mil Racetrack Redevelopment

remstaff &Globe Street | January 22, 2002

CHERRY HILL, NJ-After local resistance to some aspects of the Garden State Park project, Realen Properties will cut back on the retail and residential components, but speed up the timeline.

Houston Team Hawks One Million-SF Self-Storage Package

remstaff &Globe Street | January 22, 2002

HOUSTON-A CB Richard Ellis niche group in Houston closes the nation's largest self-storage portfolio sale since 1995. Whitehall Funds is the seller and Amsdell Co. of Cleveland, the buyer of the six-state portfolio.

Worldspan Leaving Galleria

remstaff &Globe Street | January 22, 2002

ATLANTA-Worldpsan is in the process of developing a new headquarters site near its present one in the Galleria area near I-75 and I-285. The company's lease on the 367,000 sf of space expires Dec. 31, 2004.

Multifamily Orgs Dispel Apartment Myths

remstaff &Globe Street | January 22, 2002

WASHINGTON, DC-The National Multi Housing Council (NMHC) and the National Apartment Association put together a brochure dispelling commonly held negative beliefs about apartment buildings.

Health Provider Leases 25,200 SF

remstaff &Globe Street | January 22, 2002

MT. LAUREL, NJ-Virtua West Jersey will move to the Archon Group's Gateway Business Center from its existing Marlton, NJ offices. Cushman & Wakefield represented the tenant.

Two Deals Keep 25,000 SF Leased in San Antonio

remstaff &Globe Street | January 22, 2002

SAN ANTONIO-ADT Security renews a 15,000-sf lease and takes another 6,300 sf in the process for its north-central San Antonio location. In the northeast submarket, Venue Creation Resources signs for 4,500 sf of industrial space.

$33-Mil Chase Tower Up and Running

remstaff &Globe Street | January 22, 2002

CHEVY CHASE, MD-Clark Construction completes the $33-million Chase Tower on behalf of owners Chase Tower Associates, a joint venture of the JBG Companies and JER Partners. The 250,000-sf Class A structure offers office space over ground-level retail.

IKEA Proposes 500,000-SF Retail Complex

remstaff &Globe Street | January 22, 2002

PARAMUS, NJ-The Swedish furniture retailer would occupy most of the space and lease the rest of the complex, proposed for the former Alexander's site.

Heritage A Apartments Sell for $11.25 Mil

remstaff &Globe Street | January 22, 2002

NASHVILLE, TN-GE Capital Real Estate sold the 302-unit Heritage A apartments to locally based First Management Services for $11.25 million. The property sold for about $37,000 per unit. First Management has indicated it might raise rents at the property.

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