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Trophy Sanibel Resort on Block for $95 Mil

remstaff &Globe Street | April 26, 2001

SANIBEL, FL-LRE Properties, a subsidiary of the Boston-based Liberty Mutual Insurance Co., is selling the 242-room Sanibel Harbour Resort & Spa and the 107-room Boutique Inn for an asking price of $272,206 per room, brokerage sources familiar with the deal tell GlobeSt.com on condition of anonymity. Jones Lang LaSalle won the exclusive marketing contract. Sanibel is 126 miles west of Miami.

Industrial Absorption Down, Vacancies Up in Valley

remstaff &Globe Street | April 26, 2001

PHOENIX-A slowdown in construction and the economy combined are causing overall net absorption in industrial space in Phoenix to drop considerably off, compared with prior quarters, and pushed the overall vacancies up.

Tempe Strikes Deal With Developer to Downsize Project

remstaff &Globe Street | April 26, 2001

PHOENIX-A project that local residents and preservations feared would destroy a local landmark, has been reduced in scope by a third, in exchange for $12 million in incentives from Tempe.

Inside Outside, Cobalt Moving to Bee Cave Building

remstaff &Globe Street | April 26, 2001

AUSTIN-Two of the city's high-tech firms are moving to Bee Cave Road. Inside Outside and Cobalt have signed for about 17,000 sf. The leases take some more sublease space off the Austin market.

Today It's Do or Die for Silverstein's WTC Bid

remstaff &Globe Street | April 26, 2001

NEW YORK CITY-Larry Silverstein has to pony up some cash today if he wants to buy the World Trade Center. If not, contender number 2 in this ongoing saga may go by the boards. Vornado lost its bid just a month ago due to reportedly heated snags in the negotiations.

GVA network loses French member

remstaff &Globe Street | April 26, 2001

Paris-based broker Alban Cooper has pulled out of the GVA Worldwide network four years after helping to found the organisation.

Danish fund buys City office block

remstaff &Globe Street | April 26, 2001

Danish life company and pension fund KP has bought Veritas House, 125 Finsbury Pavement, London EC2 from Land Securities for #24.5 million.

Boston Properties JV Completes $725-Mil Citigroup Center Buy

remstaff &Globe Street | April 26, 2001

NEW YORK CITY-Dai-ichi Life has shed the 1.6-million-sf asset to a joint venture forged between the REIT and Allied Partners. The closing ends a months-long process involving complex asset swaps.

Roxton Properties, Galleria Eye May 14 Land Closing

remstaff &Globe Street | April 26, 2001

SAN ANTONIO-Roxton Properties has eight acres under contract as a development parcel for two high-end vehicle dealerships. The land neighbors a planned 1.3-million sf mall in San Antonio's hottest submarket. Galleria Ventures Ltd. is the seller.

Fiber Optic Firm Stays With State Help

remstaff &Globe Street | April 26, 2001

ANN ARBOR, MI-High-speed optical sensing device manufacturer Picometrix will expand its operations here, adding 243 new jobs. The company will lease 52,000-sf in a $28.8-million expansion rather than relocate to Austin, TX.

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Trophy Sanibel Resort on Block for $95 Mil

Industrial Absorption Down, Vacancies Up in Valley

Tempe Strikes Deal With Developer to Downsize Project

Inside Outside, Cobalt Moving to Bee Cave Building

Today It's Do or Die for Silverstein's WTC Bid

GVA network loses French member

Danish fund buys City office block

Boston Properties JV Completes $725-Mil Citigroup Center Buy

Roxton Properties, Galleria Eye May 14 Land Closing

Fiber Optic Firm Stays With State Help

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