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Sunnier Hotel Outlook Attracts Insignia Expansion

remstaff &Globe Street | July 02, 2001

PHOENIX-Insignia/ESG is launching a Hotel Partners division in Phoenix. Two California-based brokers have relocated to head up the new team in a bid to be ready for heightened investor interest in the Arizona market.

GlobeSt.com UPDATE: EOP Stature Rises Among Chicago-Based Public Firms

remstaff &Globe Street | July 02, 2001

CHICAGO-Equity Office Properties Trust catapults into the top 13 among area firms in terms of market cap after yesterday's merger approval. <i><b>Go to full story for local coverage links.</i></b>

Pasadena Getting 45,000-SF Best Buy

remstaff &Globe Street | July 02, 2001

PASADENA, TX-Best Buy, based in Minneapolis, will be adding its 46th Texas store in a 45,000-sf location in Pasadena. The lease is one of 60 new locations that the retailer is opening this year in the US.

Transwestern Snares 653,533-SF Leasing Assignment

remstaff &Globe Street | July 02, 2001

HOUSTON-Tranwestern Commercial Services' Houston office is up and running on a new leasing assignment in the city's south central submarket. The 653,533-sf contract is for the eight-building Main Park Service Center and Main Park Distribution Center.

Tax Reform "Most Significant" in Half-century

remstaff &Globe Street | July 02, 2001

ST. PAUL-The bill provides $180 million in commercial/industrial property tax relief and $67 million in apartment property tax reductions, which could spur creation of more affordable housing.

Tenet buys Two Hospitals for $244 Mil

remstaff &Globe Street | July 02, 2001

WEST PALM BEACH, FL-The California-based health services company paid locally based Intracoast Health Systems Inc. $304,619 per bed for the 801 beds in the two facilities. Tenet plans to invest another $36 million over five years in capital improvements. West Palm Beach is 67 miles north of Downtown Miami.

170,000-SF Shopping Center Breaks Ground

remstaff &Globe Street | July 02, 2001

TRACY, CA-The $20-million Corral Hollow Shopping Center project will be anchored by a 65,000-sf Safeway grocery store. It is scheduled to be complete by March of next year. Only 21,849 sf remains available to be rented.

GlobeSt.com UPDATE: Brokers Bullish on Third-Quarter Office Leasing

remstaff &Globe Street | July 02, 2001

ORLANDO-Although second-quarter vacancies in the 29 million-sf market are at 12.4%, up from 10.9% in the first quarter, and rents are dropping by about 5% in most submarkets, the outlook for the third quarter and the rest of the year is positive, area leasing specialists tell GlobeSt.com.

Developers Offering Affordable Condominiums

remstaff &Globe Street | July 02, 2001

DENVER-Above Timberline LLC plans to turn a derelict apartment building at East 37th and East 38th avenues and Gaylord Street into condominium units priced at less than $120,000, an unheard of price in this market.

Tenants Disappearing From Office Submarkets

remstaff &Globe Street | July 02, 2001

CHICAGO-Office vacancies continue to mount in the suburban markets, passing 17% in the once tech-hot East-West Corridor. However, there are still buyers out there for office product.

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Sunnier Hotel Outlook Attracts Insignia Expansion

GlobeSt.com UPDATE: EOP Stature Rises Among Chicago-Based Public Firms

Pasadena Getting 45,000-SF Best Buy

Transwestern Snares 653,533-SF Leasing Assignment

Tax Reform "Most Significant" in Half-century

Tenet buys Two Hospitals for $244 Mil

170,000-SF Shopping Center Breaks Ground

GlobeSt.com UPDATE: Brokers Bullish on Third-Quarter Office Leasing

Developers Offering Affordable Condominiums

Tenants Disappearing From Office Submarkets

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