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Dallas-Ft. Worth Industrial Vacancy Steadily Climbing

remstaff &Globe Street | December 23, 2001

DALLAS-Vacancy rises across all product type in the industrial sector, with the Q4 close showing 11% for bulk warehouse and 12.9% for office-showroom. Still, the region remains in the Top 10 for institutional investors, says a C&W top producer.

Opus NW Drops one Project, Picks Up Another

remstaff &Globe Street | December 23, 2001

TUKWILA, WA-Plans for the mixed-use development of Pacific Steps in downtown Tacoma ran their course only to end up at a dead-end. But that doesn't mean all is quiet at Opus. Yet another project is in the works, this one in Tukwila.

Soft CBD Office Market Can't Sustain Added Rent Increases

remstaff &Globe Street | December 23, 2001

HOUSTON-Sanford Criner, Trione and Gordon principal, makes his annual "state of the market" address to close out the year. CBD rent increases must stop if suburban office dwellers are going to move into town to fill the space coming on line.

Gap Subleases Mission Bay Space

remstaff &Globe Street | December 23, 2001

SAN FRANCISCO-Gap Inc. has put its Mission Bay space, currently under construction, on the sublease market. Catellus Development Corp., the developer, will not lose in the deal, as it collects rent on the space, occupied or not.

Two Top Directors Quit At Land Securities As Succession Battle Boils Over

remstaff &Globe Street | December 21, 2001

LONDON-Land Securities, the UK's biggest property company, has been rocked by the departure of two top directors. Manish Chande will leave at the next Annual General meeting while Peter Walicknowski is to quit immediately.

County Opts Not to Legislatively Prevent Supercenter

remstaff &Globe Street | December 21, 2001

HOOD RIVER, OR-Earlier this week, the same day Wal-Mart formally submits its application for a 185,000-sf mega-store here, Hood River County Commissioners vote down an emergency action that would have restricted commercial buildings to 50,000 sf.

Developer Pays $2.3 Mil for Brea Building

remstaff &Globe Street | December 21, 2001

BREA, CA-Cardinal Development Co. acquires a 21,600-sf industrial property on Lambert Road in a value-added play. The deal includes three acres of buildable land.

Morgan Stanley Extends 31,000-sf Downtown Lease

remstaff &Globe Street | December 21, 2001

SEATTLE-With the overall vacancy rate in the Seattle's CBD hitting 13% and rents adjusting downwards accordingly, Peter Truex says it was a good time for his client "to explore an early lease renewal" on its space in Two Union Square.

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remstaff &Globe Street | December 21, 2001

Beacon Capital's $300 Mil Midway Project Receives BRA Approval

remstaff &Globe Street | December 21, 2001

BOSTON-The Boston Redevelopment Authority gives final approval to Beacon Capital Partner's proposal to develop a 6.8-acre site in South Boston. Cost is estimated at $300 million and involves nearly 1.6 million sf of space.

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Dallas-Ft. Worth Industrial Vacancy Steadily Climbing

Opus NW Drops one Project, Picks Up Another

Soft CBD Office Market Can't Sustain Added Rent Increases

Gap Subleases Mission Bay Space

Two Top Directors Quit At Land Securities As Succession Battle Boils Over

County Opts Not to Legislatively Prevent Supercenter

Developer Pays $2.3 Mil for Brea Building

Morgan Stanley Extends 31,000-sf Downtown Lease

Test

Beacon Capital's $300 Mil Midway Project Receives BRA Approval

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