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Land Securities Unveils 840,000-sf South Bank Scheme

remstaff &Globe Street | October 30, 2001

LONDON-Land Securities has lodged a planning application to redevelop St Christopher's House and Tabard House at Bankside on London's South Bank with 750,000 sf of offices and 86,000 sf of retail and leisure space.

Houston Retail Down Nearly 1.2-Mil SF in Q3

remstaff &Globe Street | October 30, 2001

HOUSTON-O'Conner & Associates latest market update says the retail sector is being choked by the nation's weakened economy and uncertain times. Houston's retail is down about 1.2 million sf in absorption, a hit softened to 344,147 sf for the last four quarters.

Broward Wants Industrial Site for Park

remstaff &Globe Street | October 30, 2001

FORT LAUDERDALE, FL-The county commission authorizes a total estimated opening bid of $1.46 million, or $13.52 per sf, for about 108,047 sf of industrial-warehouse space adjacent to Delevoe Park on the New River.

Panthers' Sale Boosts Boca Resorts' Net

remstaff &Globe Street | October 30, 2001

BOCA RATON, FL-But the owner-operator of luxury resorts is reporting a $20.1 million drop in first-quarter revenue, with significant drops in occupancy and revenue per available room.

Trilogy Fast Tracks Sublease Deals at Shepherd Mountain

remstaff &Globe Street | October 30, 2001

AUSTIN-Trilogy, with the blessing of the building owner, is cutting some fast-breaking sublease deals for Shepherd Mountain Plaza in the northwest submarket. A business consulting firm shores up a pact in a week for 8,060 sf.

Cardinal Health Buys 75,000-SF Plant from Schering-Plough

remstaff &Globe Street | October 30, 2001

RALEIGH, NC-The Dublin, OH-based firm plans to renovate the four-year-old property for the production of sterile, injectable drugs and biologics in freeze-dried and liquid form. Terms of the deal, including the price, weren't disclosed.

Pottery Maker Molds $2.3-Mil Industrial Sale

remstaff | October 30, 2001

SANTA ANA, CA-Marlin-Davidson sells a 39,089-sf Santa Ana building to an appliance company. Both buyer and seller will continue to occupy the facility.

Analyst Says Area Poised for Rebound

remstaff &Globe Street | October 30, 2001

MIAMI-Michael Cannon, managing director, Integra Realty Resources-AREEA/South Florida, predicts more than $100 billion in federal spending since the Sept. 11 terrorist attacks will trickle down to the general economy and eventually lead to a rally in the commercial real estate markets.

Agree Says FFO Increased 8.7% in Q3

remstaff &Globe Street | October 30, 2001

FARMINGTON HILLS, MI-The shopping center REIT sees total revenues increase as well, but only 1.7%. Meanwhile, its dividend pay-out ratio is down to 68.7%.

Multifamily Vacancies Jump to 11-year High

remstaff &Globe Street | October 30, 2001

DENVER-The current vacancy rate of 6.8% compares to 7.4% 11 years ago, when the area was coming out of a real estate depression. Concessions have cropped up and are expected to continue.

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