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Kmart Files Bankruptcy; Center Sales Seen

remstaff &Globe Street | January 22, 2002

CHICAGO-If REITs and retail real estate operators with Kmart exposure haven't put centers on the market, they may now, following the discounter's filing for Chapter 11 bankruptcy protection here.

Investment Group Buys 56,196-SF Office Building

remstaff &Globe Street | January 22, 2002

VOORHEES, NJ-The seller of the class A asset, Advanta Business Services, remains as the lead tenant, occupying about one-third of 1020 Laurel Oak Rd.

92-Unit Apartment Complex Trades Hands

remstaff &Globe Street | January 22, 2002

IRVINE, CA-The sale fetches $6.9 million. The seller is a joint venture consisting of Irvine-based Granite Investment Group and Los Angeles-based Hanover Financial Co. The buyer is RK Properties.

$50-Mil IKEA Tejon Terminal to Reach 1.7 Mil SF

remstaff &Globe Street | January 22, 2002

TEJON RANCH, CA-Tejon Ranch Company, the largest contiguous landowner in CA., and IKEA, the home furnishings retailer, has announced the grand opening of the IKEA Tejon Terminal.

Henry S. Miller, Weitzman Name Top 10 Producers

remstaff &Globe Street | January 22, 2002

DALLAS-It's awards time in Dallas, where Henry S. Miller Commercial and Weitzman Group honor their leading 2001 producers. Topping Miller's list is Michelle Hudson in Dallas and Weitzman's, David Nicolson in San Antonio.

Tarragon, YWCA $1.4-Mil Land Swap a Wrap

remstaff | January 22, 2002

SEATTLE-After a couple of years of negotiating, the YWCA and the private developer have exchanged parcels, each valued at $1.4 million. The land in question is located in Belltown, on the east side of Third Avenue, between Virginia and Lenora streets.

Portola Plaza Fetches $17.6 Million

remstaff &Globe Street | January 22, 2002

MISSION VIEJO, CA-The Mission Viejo retail complex encompasses 81,990 sf. It is anchored by TJ Maxx, Ralphs and Longs Drugs. The transaction follows on the heels of another Orange County retail sale. The Collection at Laguna was recently snapped up by Tide Lands Inc. for $6.5 million.

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Kmart Files Bankruptcy; Center Sales Seen

Investment Group Buys 56,196-SF Office Building

92-Unit Apartment Complex Trades Hands

$50-Mil IKEA Tejon Terminal to Reach 1.7 Mil SF

Henry S. Miller, Weitzman Name Top 10 Producers

Tarragon, YWCA $1.4-Mil Land Swap a Wrap

Portola Plaza Fetches $17.6 Million

Library Leasing 100,000 SF at Marquette Plaza

National Conference Center Emerges from $29-Mil Upgrade

Marylebone Warwick Balfour Pre-Sells 35% Of Docklands Resi Scheme

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