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O'Hare Office and Industrial Markets Face Cloudy Prospects

remstaff &Globe Street | October 17, 2001

ROSEMONT, IL-A crippled airline industry, victim of the September terrorist attacks, bodes ill for the O'Hare real estate market. Conditions were already a little soft, even before September 11.

200 Firefighters Battle Queens Furniture Warehouse Blaze

remstaff &Globe Street | October 17, 2001

NEW YORK CITY-An out-of-control fire at an Astoria furniture warehouse has been burning since 1:30 a.m. Fireboats and cherrypickers have been brought to the four-story building in an attempt to contain the flames, which can be seen from Manhattan's East Side.

Knight Securities to Sublease 28,000-SF Space

remstaff &Globe Street | October 17, 2001

FAIRFIELD, NJ-Located within a 140,000-sf facility, the industrial space is being offered to both short- and long-term users. Newmark JGT has the assignment.

State Unemployment Rate Holds Steady

remstaff &Globe Street | October 17, 2001

OLYMPIA, WA-Washington's unemployment rate fell one-tenth of one percentage point over the month to 5.5% in September, but officials expect layoffs prompted by the terrorist attacks will make for worse figures next month.

10,000-SF Sleeper Corner Fetches About $649,000

remstaff &Globe Street | October 17, 2001

DALLAS-A hot corner in a tony neighborhood gets a buyer in less than 24 hours. It could be luck or sheer good fortune that Grubb & Ellis vice president Will Balthrope got a red light about a month ago. The sale's done and an office building will rise.

IKEA Proposal Killed by Split Vote

remstaff &Globe Street | October 17, 2001

EAST PALO ALTO, CA-The controversial IKEA proposal was rejected in a city council meeting last night. The proposed 320,000-sf store was planned for a 10-acre parcel in the redevelopment area of East Palo Alto just off the University Avenue exit from U.S. Highway 101.

Industrial Land Values Soar Around Barcelona

remstaff &Globe Street | October 17, 2001

BARCELONA-A booming market for distribution centres around the Catalan capital is driving up land values to unprecedented levels. A new survey from King Sturge says prime values have risen 30% to 40% in the past year.

Dow Hotel Forms Food Service Division

remstaff &Globe Street | October 17, 2001

SEATTLE-The locally-based hospitality ownership and management company has formed a Food Service Management Division. The new division will provide hotel food and service to hospitals, retirement communities, businesses and universities throughout the western United States.

Industrial Distributor Signs 51,000 SF Lease on Long Island

remstaff &Globe Street | October 17, 2001

SYOSSET, NY-Access to New York metro road systems attracts United Supply Systems to just-renovated 250,000-sf building in Syosset.

Disney Shelves Opening of 5,760-Room Hotel

remstaff &Globe Street | October 17, 2001

ORLANDO-The two-building Pop Century Resort, the largest lodge in Walt Disney World's hospitality stable of 18 hotels totaling 20,942 rooms, was first scheduled to open in December, then postponed until March 2002. The new opening date will depend on the economy, Disney officials say.

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O'Hare Office and Industrial Markets Face Cloudy Prospects

200 Firefighters Battle Queens Furniture Warehouse Blaze

Knight Securities to Sublease 28,000-SF Space

State Unemployment Rate Holds Steady

10,000-SF Sleeper Corner Fetches About $649,000

IKEA Proposal Killed by Split Vote

Industrial Land Values Soar Around Barcelona

Dow Hotel Forms Food Service Division

Industrial Distributor Signs 51,000 SF Lease on Long Island

Disney Shelves Opening of 5,760-Room Hotel

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