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Tax Reform Could Slice TIF Revenues 40%

remstaff &Globe Street | August 11, 2001

MINNEAPOLIS-Lower property tax rates on commercial and industrial properties as well as shifting school funding from property taxes to the state is expected to reduce the $304.9 million funneled to TIF districts last year.

Growth May Yield $100-Mil Business Park

remstaff &Globe Street | August 11, 2001

LYON TOWNSHIP, MI-After a threat of annexation to neighboring Wixom, Lyon Township agrees to install infrastructure for the new 200-acre Q Industrial Park to be developed by Quadrants Inc.

Federal Grant Helps Fitzsimons Hospital

remstaff &Globe Street | August 11, 2001

AURORA, CO-The US Commerce Department's Economic Development Administration provides a $720,000 grant to the city to help the Sand Creek Parkway provide better access to a potential $4.2-billion redevelopment.

Equity's Crocker Sees Potential Market Glut

remstaff &Globe Street | August 11, 2001

CHICAGO-While a multifamily boom continues unabated in and around Downtown, Equity Residential Properties Trust president and CEO Douglas Crocker II sees a dark cloud of oversupply on the horizon.

Tech Startup Network Appears Recession-Proof; Signs 21 Tenants at Five Locations

remstaff &Globe Street | August 11, 2001

NEW YORK CITY-A high-tech version of the short-lived Web-incubator concept that sublets turnkey office space to small tech companies signed 21 new tenants at its five locations in July and the 40,000-sf space here is fully leased.

CT Realty Buys 85,742 SF for $5.4 Mil

remstaff &Globe Street | August 10, 2001

SACRAMENTO, CA-The two-story building was partially vacant at the time of the sale and CT Realty has assigned Kurt Munger of Cornish & Carey to negotiate new leases for the open space.

New Land Preservation Effort Underway

remstaff &Globe Street | August 10, 2001

BOSTON-The state's Executive Office of Environmental Affairs unveils a new policy in its land conservation efforts that will focus on large tracts in more remote locations rather than smaller parcels in urban or suburban areas.

City Considering Options For Hotel

remstaff &Globe Street | August 10, 2001

DENVER-Options include putting the $220-million, 1,100-room Hyatt Hotel on the November ballot, an unprecedented "unwinding" of bond financing or delaying construction at a cost of up to $1 million a month.

Four Office Leases Strip 94,842 SF from Market

remstaff &Globe Street | August 10, 2001

DALLAS-Area brokers have put somewhat of a dent in available office space, signing four tenants to an aggregate 94,842 sf. Insight for Living, a radio ministry, is taking 46,972 sf of that grand tally for its global headquarters at One Legacy Town Center.

Records Firm Acquiring 6 Acres at Rivergate

remstaff &Globe Street | August 10, 2001

PORTLAND-The property is located in the Port of Portland's Rivergate Industrial District in North Portland. The acquisition price would be $1.2 million, or about $4.50 per sf.

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Tax Reform Could Slice TIF Revenues 40%

Growth May Yield $100-Mil Business Park

Federal Grant Helps Fitzsimons Hospital

Equity's Crocker Sees Potential Market Glut

Tech Startup Network Appears Recession-Proof; Signs 21 Tenants at Five Locations

CT Realty Buys 85,742 SF for $5.4 Mil

New Land Preservation Effort Underway

City Considering Options For Hotel

Four Office Leases Strip 94,842 SF from Market

Records Firm Acquiring 6 Acres at Rivergate

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