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New Construction Driving Up Vacancies

remstaff &Globe Street | April 12, 2001

CHARLOTTE-The fourth-quarter 7.65% overall vacancy level could reach 10% or 11% this year before edging downward again, CB Richard Ellis Inc. analyst Ryan Clutter tells GlobeSt.com. Downtown's vacancy is only 2.17%.

Apartment Occupancy Is at Highest Level in Four Years

remstaff &Globe Street | April 12, 2001

PHOENIX-In spite of strong development, demand for apartments in the Valley was strong enough during the first quarter to push the occupancy rate to its highest point since 1997.

Wachovia Predicts 14% Income Growth

remstaff &Globe Street | April 12, 2001

WINSTON-SALEM, NC-For near-term earnings, CFI Robert S. McCoy says the first quarter should be an EPS range of $1.17 to $1.22. For the year, that number is expected to be in the lower half of a $5.20 to $5.60 range.

Best Buy to Open 45,000-SF Store This Fall

remstaff &Globe Street | April 12, 2001

YONKERS-Best Buy Co. Inc. plans to open a new location at 2458 Central Ave. as part of its continued Northeast expansion. The location will open either in late summer of fall of this year.

Morgan Stanley Signs Two Offices Leases In District

remstaff &Globe Street | April 12, 2001

WASHINGTON, DC-The financial services firm will take 15,788 sf at Market Square North and 23,490 sf at 555 11th St. NW, according to Grubb & Ellis, the company that negotiated the deals.

AMT Sells Data Image Program to Cousins

remstaff &Globe Street | April 12, 2001

CHARLOTTE-The technology is supposed to simplify the filing and retrieval of commercial leases. The cost of the program wasn't disclosed.

Tech Corridor Experts Bullish Despite Slowdown

remstaff &Globe Street | April 12, 2001

LOS ANGELES-Real estate experts remain optimistic about activity in the 101 Technology Corridor, citing the region's diverse economy as a key buffer against any dot-com fallout.

Guthrie Hires Firm to Oversee Theater Work

remstaff &Globe Street | April 12, 2001

MINNEAPOLIS-Keewaydin Real Estate Advisors led the search for an architect for the $100-million theater complex. They now will serve as project advisor and project manager for design and construction of the new theater.

Ash Grove Cement Buys 10 Acres for HQ

remstaff &Globe Street | April 12, 2001

OVERLAND PARK, KS-The company's new headquarters in the 11000 block of Cody Drive will be about 84,000 sf. Ash Grove Cement Co. will move there in 2004, when its lease at 8900 Indian Creek Pkwy. expires.

Sale Nearing for Pike Place Landmark

remstaff &Globe Street | April 12, 2001

SEATTLE-Owners of the Pagliacci chain of pizza stores have reached an agreement to buy the DeLaurenti Specialty Food Market within this city's Pike Place Market, which heretofore has not been occupied by a national chain.

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New Construction Driving Up Vacancies

Apartment Occupancy Is at Highest Level in Four Years

Wachovia Predicts 14% Income Growth

Best Buy to Open 45,000-SF Store This Fall

Morgan Stanley Signs Two Offices Leases In District

AMT Sells Data Image Program to Cousins

Tech Corridor Experts Bullish Despite Slowdown

Guthrie Hires Firm to Oversee Theater Work

Ash Grove Cement Buys 10 Acres for HQ

Sale Nearing for Pike Place Landmark

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