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Second Atrium Building Underway

remstaff &Globe Street | December 12, 2001

CARLSBAD, CA-Construction has begun on a 32,196-sf multi-tenant office building, the second of two buildings in the so-called Atrium development. Construction of the shell is expected in the third quarter of next year.

VTA Shines New Light on Sunnyvale

remstaff &Globe Street | December 12, 2001

SUNNYVALE, CA-Developer Jay Paul Co. has collaborated with VTA to build a new light rail station that is crucial to new development in the Sunnyvale area. A dedication ceremony will be held today.

Old Washington Hotel Favorite Will Reemerge as Boutique Property

remstaff &Globe Street | December 12, 2001

WASHINGTON, DC-One Washington Circle Hotel closes for renovations and will reopen on April Fools Day next year as a luxury "boutique chic" establishment. Property manager Potomac Hospitality Services is overseeing the transformation of the 151-suite structure.

UK Government Approves Private Regeneration Fund

remstaff &Globe Street | December 12, 2001

LONDON-A new $360 million fund designed to assist private investment in neglected areas of the country has been approved by the UK government with AMEC and Legal & General as its private-sector partners.

Oakland Wins First Shot in Cal ReUSE Program

remstaff &Globe Street | December 12, 2001

OAKLAND-Oakland Mayor Jerry Brown has accepted a $1 million check on behalf of the city, which will help attract developers to Oakland's underused areas by guaranteeing financial viability.

Big Change In Retail Seen Next Year

remstaff &Globe Street | December 12, 2001

DENVER-A cautious approach by lenders and investors will make for slower growth in the retail market, according to Grubb & Elllis. However, that could mean lower lease rates for some retailers, as well as buying opportunities.

Sleepy Hollow Tries to Acquire GM Site for $12 Mil

remstaff &Globe Street | December 12, 2001

SLEEPY HOLLOW, NY-The village of Sleepy Hollow, perhaps frustrated at the pace of development plans at the 99-acre former minivan assembly plant here, has decided to exercise an option to acquire the property from General Motors for $12 million.

Frontage Roads Proposal Gets Once-Over

remstaff &Globe Street | December 12, 2001

DALLAS-The Texas Department of Transportation's proposal to limit construction of frontage roads goes to the Texas Transportation Commission. Commercial real estate professionals believe approval will negatively affect the industry.

Demand For Multifamily Rental Units Lagging

remstaff &Globe Street | December 12, 2001

CORPUS CHRISTI, TX-The steady job base provided by the military and oil and gas industries hasn't been enough to solve this south Texas city's multifamily market woes as this product type continues its downward cycle.

Prime Suit Claim Seeks $150 Mil From Cadim

remstaff &Globe Street | December 12, 2001

CHICAGO-Prime Group Realty Trust chairman Michael W. Reschke's ownership group alleges the Canadian suitor negotiated in bad faith, forced a foreclosure, then teamed with Vornado Realty Trust in an attempt to "steal" the REIT.

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Second Atrium Building Underway

VTA Shines New Light on Sunnyvale

Old Washington Hotel Favorite Will Reemerge as Boutique Property

UK Government Approves Private Regeneration Fund

Oakland Wins First Shot in Cal ReUSE Program

Big Change In Retail Seen Next Year

Sleepy Hollow Tries to Acquire GM Site for $12 Mil

Frontage Roads Proposal Gets Once-Over

Demand For Multifamily Rental Units Lagging

Prime Suit Claim Seeks $150 Mil From Cadim

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