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Legal Powerhouse Signs $40-Mil Westside Lease

remstaff &Globe Street | August 10, 2001

LOS ANGELES-The law firm of Manatt, Phelps & Phillips inks 12-year deal to dramatically expand the space it occupies at Trident Center. It's the latest sign the Westside may be rebounding after a difficult first half.

UPDATE: Sherman Plaza Land Buys Complete

remstaff &Globe Street | August 10, 2001

EVANSTON-The city and Sherman Plaza Venture LLC pays $14.5 million for the block bounded by Sherman Avenue, Benson, Church and Davis streets. Demolition for the $100-million project is slated to start at year's end.

Port Ludlow Resort Sale Nets $16.7 Mil

remstaff &Globe Street | August 10, 2001

PORT LUDLOW, WA-The deal completes the exit of Pope Resources from the resort and real estate development industries, which were secondary to its primary business of timber. Buyer HCV Pacific Partners adds Ludlow to its existing hotel and leisure portfolio.

Private Partner Considered for New City Hall

remstaff &Globe Street | August 10, 2001

HILLSBORO, OR-The city council will decide later this month if it should partner with a private developer on a mixed-use building that would include private offices, apartments, a library, retail space and City Hall.

Boca Resorts Exceeds Q4 Forecast

remstaff &Globe Street | August 10, 2001

BOCA RATON, FL-The locally based owner-operator of resort properties also reports an 8.1% increase in total revenue per available room and a 3.1% increase in hotel room occupancy for the three months ended June 30.

Fed, Feldman Both Report Slowdown in Market

remstaff &Globe Street | August 10, 2001

DETROIT-A West Bloomfield, MI researcher paints a portrait of struggling Detroit area office market, but believes it can be saved with a halt to construction and cautious dealing.

Two Freedom Square in Reston Tops Out

remstaff &Globe Street | August 10, 2001

RESTON, VA-The 455,000 sf tower was 55 percent pre-leased back in April by three law firms. Joint-venture partners, Terrabrook and Boston Properties are also developing Discovery Square in Reston as well.

L&B, RED Development Mark 550,000-SF Retail Center Opening

remstaff &Globe Street | August 10, 2001

DALLAS-L&B Realty Advisors of Dallas and its joint venture partner, RED Development of Scottsdale, AZ, are opening doors to a 550,000-sf lifestyle center in Ft. Wayne, IN. The high-end project is the first of many more to come, says L&B.

Transwestern Sees Maryland Suburbs as Strongest Industrial Market

remstaff &Globe Street | August 10, 2001

WASHINGTON, DC-The Route 1 and Interstate 95 corridor between the District and Baltimore is strongest submarket, as it builds on a base on non-technology tenants. Northern Virginia vacancy rates are expected to soar as technology projects are put on hold or remain unleased.

Church Buying Part of Old Post Office Building

remstaff &Globe Street | August 10, 2001

ORLANDO-In an unconventional deal, the Catholic Diocese of Orlando plans to expand its headquarters operations by buying 60,000 sf of the historically designated 76,000-sf Downtown U.S. Postal Service building, sharing the structure with the Post Office which owns and operates 16,000 sf.

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