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Grocers, Discounters Lead Strong Retail Market

remstaff &Globe Street | May 23, 2001

MINNEAPOLIS-Led by SuperTarget, Sam's Club and big supermarkets such as Lund, retailing is one of the area's healthiest commercial real estate sectors, is showing strong development and vacancy rates around 5.1% with 1.7 million sf absorbed.

High-Tech Providers Beef Up Multifamily Portfolios

remstaff &Globe Street | May 23, 2001

GEORGETOWN, TX-New Jersey-based MDU Communications gets a provider pact for the upscale Waters Edge in Georgetown. For Austin-based US OnLine, three more multifamily properties have been added to its portfolo.

Brighton Running Short of Office Space

remstaff &Globe Street | May 23, 2001

LONDON-The South Coast City of Brighton has seen two big office lettings, one for 24,540 sf and the other for 25,000 sf, both for 15-year terms.

Aberdeen Invests in the City

remstaff &Globe Street | May 23, 2001

LONDON-Aberdeen Property Asset Managers has bought Centurion House, 24 Monument Street, London EC3 from clients of Clerical Medical Investment Management.

SeaCastle Back on Santa Monica Shore

remstaff &Globe Street | May 23, 2001

LOS ANGELES-The 178-unit landmark apartment complex is up and running again after being rebuilt to its original specifications and sold for $48 million. The original SeaCastle was torn down after the Northridge earthquake and a fire that followed two years later.

Future Industrial Site Fetches $8.2 Mil

remstaff &Globe Street | May 23, 2001

FULLERTON, CA-An aerospace-related manufacturer has paid $8.2 million for a 15.7-acre parcel in Fullerton. The buyer has tentative plans to build an industrial facility on the site.

25 Acre-Buy Fuels $15-Mil Tuscany Center Expansion

remstaff &Globe Street | May 23, 2001

AUSTIN-McShane Corp. has just closed a 25-acre buy from Kennedy-Wilson. The land will jumpstart a $15-million, 250,000-sf expansion of Tuscany Center. By August, crews will be working on the first phase, a 160,000-sf warehouse-service center.

Mission Bay Project Finding Takers

remstaff &Globe Street | May 23, 2001

SAN FRANCISCO-Gray, Cary, Ware & Freidenrich leased about 34,000 sf in an office building now under construction directly across the street from Pac Bell Park and adjacent to Mission Bay. The law firm is headquartered next door to the site.

Developer Completing Next Phase in Carlsbad

remstaff &Globe Street | May 23, 2001

CARLSBAD, CA-Gale & Wentworth California begins construction of the 150,000-sf second phase of the Carlsbad Corporate Center, located adjacent to the 560-acre Carlsbad Research Center. Completion is planned for July.

First 134,000 SF of 1-Mil+ SF Ready for Leasing

remstaff &Globe Street | May 23, 2001

SOMERSET, NJ-Schenkman/Kushner has named the Edison, NJ office of Binswanger/Klatskin as the exclusive leasing agent for its new industrial building. The building will be ready for occupants later this year.

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Grocers, Discounters Lead Strong Retail Market

High-Tech Providers Beef Up Multifamily Portfolios

Brighton Running Short of Office Space

Aberdeen Invests in the City

SeaCastle Back on Santa Monica Shore

Future Industrial Site Fetches $8.2 Mil

25 Acre-Buy Fuels $15-Mil Tuscany Center Expansion

Mission Bay Project Finding Takers

Developer Completing Next Phase in Carlsbad

First 134,000 SF of 1-Mil+ SF Ready for Leasing

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