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Biopharmaceutical Firm Leases New HQ

remstaff &Globe Street | October 09, 2001

SANTA CLARA-A Palo Alto, CA-based biopharmaceutical firm has signed a lease for one of five buildings in the Sobrato Central Technology Park -- a space that is six times the size of its current headquarters.

HSBC Signs West End Pre-Letting

remstaff &Globe Street | October 09, 2001

LONDON-HSBC has signed a pre-letting on the Crown Estate's 23,500-sf development at 69-70 Pall Mall, London, SW1. It will occupy the ground floor as a banking hall with offices above.

80,000 SF of Industrial Space Taken in DuPage

remstaff &Globe Street | October 09, 2001

ADDISON, IL-Morton International signs a 10-year, 52,849-sf lease at 200 S. Mitchell Ct. here while Kohler Rental Power, Inc. inks a five-year, 30,980-sf deal at 901 Oak Creek Dr. in nearby Lombard.

Below-Asking Rate Helps Land 137,000-SF Lease

remstaff &Globe Street | October 09, 2001

HOUSTON-Aon Corp. will relocate within the Galleria submarket, adding roughly 37,000 sf and snagging below-asking rates in doing so, says the tenant's broker. Trammell Crow says it didn't go below market rates to get the tenant to sign for the last large chunk of office space in the 1.75 million-sf Four Oaks Place.

Pittsburgh Area Snags $122 Mil Fuel Cell Plant

remstaff &Globe Street | October 09, 2001

PITTSBURGH-Seimens Westinghouse announces that it has wrapped up its nine-month site search for the expansion of its Stationary Fuel Cells business with the selection of a 22-acre site in Allegheny County.

HMA Acquiring Lee County Hospital

remstaff &Globe Street | October 09, 2001

NAPLES, FL-The locally based hospital company has signed a definitive agreement to acquire an 88-bed acute-care facility for an undisclosed price in Lehigh Acres, 46 north of Naples and 163 miles northwest of Miami.

RS Investments Pays $39 Mil for Office Towers

remstaff &Globe Street | October 09, 2001

GREENWOOD VILLAGE, CO-Two 100%-leased Greenwood Plaza buildings sell for $196 per sf. L.J. Melody puts together a $29-million loan package that proves difficult as main tenant New Era of Networks was being purchased at time of sale.

REITs Still Strong but Long-Term Outlook Remains Foggy

remstaff &Globe Street | October 09, 2001

NEW YORK CITY-Real estate trusts have performed relatively well through the recent economic downturn, but a prolonged recession may "chip away at the strengths" that have made REITs such an attractive investment option, an S&P analyst says.

Krispy Kreme to Open Stores in Minnesota

remstaff &Globe Street | October 09, 2001

MAPLE GROVE, MN-The doughnut franchiser says it plans to serve the new stores and others in the Midwest and West, including Mall of America, through a new manufacturing and distribution facility in Effingham, IL.

Audit of Presidio Forecast Comes Up Positive

remstaff &Globe Street | October 09, 2001

SAN FRANCISCO-The Presidio Trust's financial orecast has been reviewed by the General Accounting Office, which finds the report to be conservative and on track to leading the Presidio to self-sufficiency.

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Biopharmaceutical Firm Leases New HQ

HSBC Signs West End Pre-Letting

80,000 SF of Industrial Space Taken in DuPage

Below-Asking Rate Helps Land 137,000-SF Lease

Pittsburgh Area Snags $122 Mil Fuel Cell Plant

HMA Acquiring Lee County Hospital

RS Investments Pays $39 Mil for Office Towers

REITs Still Strong but Long-Term Outlook Remains Foggy

Krispy Kreme to Open Stores in Minnesota

Audit of Presidio Forecast Comes Up Positive

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