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Rates Attracting Tenants In South Bay

remstaff &Globe Street | June 13, 2001

SAN JOSE-Several recent deals show that as long as rates stay reasonable, deals will continue to occur. For example, Capella Photonics just got into a triple net sublease of more than 9,000 sf of office/tech space here for little more than $3/sf.

New Zoning Definition Aids Telecom Projects

remstaff &Globe Street | June 13, 2001

MIAMI-The industrial-use classification allows developers to reduce off-street parking requirements on projects designed to store high-tech telecommunications equipment.

Focal Corp. May Oversee Treasure Island

remstaff &Globe Street | June 13, 2001

SAN FRANCISCO-The real estate company's stock is back over $1 on news that its new majority owner has acquired Navillus Associates LLC, one of only two companies bidding to be master redeveloper of Treasure Island, the naval base in Frisco Bay.

Verizon to Cut Even More Jobs, Say Facilities Not Hit

remstaff &Globe Street | June 13, 2001

BOSTON-Verizon Communications will cut more than the 10,000 jobs it had initially intended to cut in its massive job-cutting plan that was announced this past February. A company spokesperson insists that local facilities will not be affected.

Slowdown Finally Takes Hold in North Jersey Office Market

remstaff &Globe Street | June 13, 2001

EAST RUTHERFORD, NJ-A combination of mergers, acquisitions and slower hiring has tripled the sublet space from a year ago, putting the market in a state of flux, according to one C&W executive.

International Architects Join Liverpool Retail Team

remstaff &Globe Street | June 13, 2001

LIVERPOOL-Grosvenor and Henderson Global Investors have hired three renowned international architects to work up detailed designs for the Bluecoat Triangle site.

Perth Amboy Joins the Ferry Craze

remstaff &Globe Street | June 13, 2001

PERTH AMBOY, NJ-With growing congestion on New Jersey's highways, good old-fashioned ferry service has become the new wave for getting commuters to their jobs. Ferry service here is scheduled to begin in about a year.

Dunhill Acquires 167,000-SF Preston Forest Village

remstaff &Globe Street | June 13, 2001

DALLAS-A Dallas-based joint venture has found a taker for Preston Forest Village Center, a 167,000-sf project that has been in the turnaround stage for three years. Dunhill Partners makes the buy after NOI doubles and occupancy spikes to 97% from 69%.

GlobeSt.com SPECIAL: Hotel Fire Sales Unlikely, Broker Says

remstaff &Globe Street | June 13, 2001

ORLANDO-Arvida Realty Services hospitality specialist Robin L. Webb sees no panic-selling signs in the local lodging industry, even with occupancy rates down and room rates up at the luxury properties.

Agere Systems Goes With Duke-Weeks

remstaff &Globe Street | June 13, 2001

ATLANTA-The Allentown, PA-based microelectronics firm, formerly part of Lucent Technologies in Murray Hill, NJ, is leasing 45,000 sf for eight years at Hampton Green on Shackleford Road in Gwinnett County.

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Rates Attracting Tenants In South Bay

New Zoning Definition Aids Telecom Projects

Focal Corp. May Oversee Treasure Island

Verizon to Cut Even More Jobs, Say Facilities Not Hit

Slowdown Finally Takes Hold in North Jersey Office Market

International Architects Join Liverpool Retail Team

Perth Amboy Joins the Ferry Craze

Dunhill Acquires 167,000-SF Preston Forest Village

GlobeSt.com SPECIAL: Hotel Fire Sales Unlikely, Broker Says

Agere Systems Goes With Duke-Weeks

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