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Denny's Franchisee Takes Chapter 11 Route

remstaff &Globe Street | October 11, 2001

ORLANDO-The U.S. Bankruptcy Court in Orlando is allowing locally based Cypress Restaurants Inc., with 41 restaurants, and a sister company in Georgia with 10 restaurants, to continue operating while the company works out a reorganization plan. Cypress employs 2,000.

13-Acre Brea Parcel Sparks $6.2-Mil Sale

remstaff &Globe Street | October 11, 2001

BREA, CA-Brea Walden LLC has the land now it just needs to decide if a 13-acre purchase will be dedicated to multifamily development. The property stands adjacent to a 790-acre proposed residential project.

British Land Sells Four

remstaff &Globe Street | October 11, 2001

LONDON-British Land has raised $185 million from four property sales. A Birmingham office investment and shopping centres in Nottingham and Northern Ireland have all been sold separately.

Houston Port Authority Leverages for $87.3-Mil Bond Sale

remstaff &Globe Street | October 11, 2001

HOUSTON-The Port of Houston Authority has its rating in place for an Oct. 22 bond sale that will help finance its share of a $660-million channel project and engineering costs for a $1.2-billion terminal that's on the drawing boards. Fitch renders an AA+ ranking.

Holder Affiliate Selling TechCenter

remstaff &Globe Street | October 11, 2001

WEST PALM BEACH, FL-The Atlanta-based developer hires Trammell Crow Co. to sell a 116,000-sf telecom center on Clare Avenue. The listing price wasn't disclosed.

GlobeSt.com UPDATE: Amerijet Reorganization Hinges on Equity Partnership

remstaff &Globe Street | October 11, 2001

FORT LAUDERDALE, FL-The chief executive officer of the locally based air-cargo carrier is joining H.I.G. Capital in an equity partnership that is contributing $3 million to calm creditor claims in a voluntary bankruptcy filing.

Hotel Turnaround a Year Away, Study Finds

remstaff &Globe Street | October 11, 2001

ATLANTA-Revenue per available room won't improve at full-service inns until fourth quarter 2002 and at limited-service lodges until early 2003, according to new joint research by Atlanta-based Hospitality Research Group- and Torto Wheaton Research of Boston.

Board Will Spend $184 Mil on New Headquarters

remstaff &Globe Street | October 11, 2001

LOS ANGELES-More than $184 million in bonds will be issued to cover the cost of the new district headquarters and approximately $60 million in improvements. The purchase remains imminent, despite a recently released report that deems the facility structurally unsound.

Third Quarter Hammers Industrial Market

remstaff &Globe Street | October 11, 2001

PHOENIX-Only four submarkets post positive net absorption, with the balance being in such bad shape that industrial vacancy spiked 1 1/2 points in the third quarter. It's ugly, says a Grubb & Ellis broker after seeing the firm's latest market analysis.

C&W Says Phoenix's Q3 Honeymoon Will End in Q4

remstaff &Globe Street | October 10, 2001

PHOENIX-The first positive sign this year for the Phoenix office market is just a sweet reprieve, says Cushman & Wakefield's senior director in Arizona. The honeymoon of a 117,000-sf net absorption ends in Q4 when an extra 2.5 million sf comes to market.

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Denny's Franchisee Takes Chapter 11 Route

13-Acre Brea Parcel Sparks $6.2-Mil Sale

British Land Sells Four

Houston Port Authority Leverages for $87.3-Mil Bond Sale

Holder Affiliate Selling TechCenter

GlobeSt.com UPDATE: Amerijet Reorganization Hinges on Equity Partnership

Hotel Turnaround a Year Away, Study Finds

Board Will Spend $184 Mil on New Headquarters

Third Quarter Hammers Industrial Market

C&W Says Phoenix's Q3 Honeymoon Will End in Q4

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