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Office Space Filling Up Quickly but Sales Prices of Buildings are Heading South

remstaff &Globe Street | February 16, 2001

MIAMI-Locally based Terranova Corp. estimates overall office vacancies dropped in 13 submarkets to 10.56% in 2000 from 10.7% in 1999. The average asking rent increased to $22.04 per sf from $21.38 per sf. Average prices paid for office assets dipped by 2% to $80.46 per sf from $82.18 per sf.

Austin's Housing Booms While San Antonio's Wanes

remstaff &Globe Street | February 16, 2001

AUSTIN-American Metro/Study says there's a definite shortage of all housing types in Austin. Less than a month's supply had been on the market at the close of 2000. Over in San Antonio, where the economy's slowing, there's better than a month's supply of finished product.

Macerich Puts Two Centers on Block

remstaff &Globe Street | February 16, 2001

LOS ANGELES-The shopping center REIT plans to use proceeds of sale to fund previously announced stock buyback program.

Four Real Estate and Tech Execs Head Up iBuilding Inc.'s New Advisory Board

remstaff &Globe Street | February 16, 2001

SAN FRANCISCO-Stephen Hagan, John Seely Brown, Kenneth Rosen and Mahmoud Falaki top the list of the locally based company's new advisory brain trust.

Raleigh Developer Plans 850,000-SF Mixed-Use Park Near Duke Medical Center

remstaff &Globe Street | February 16, 2001

DURHAM, NC-Jim Anthony of Anthony Allenton Commercial Real Estate is asking the city for an OK on the 15-acre project comprising 800,000 sf of office, 50,000 sf of retail and an undetermined number of residential buildings. Construction industry estimators tell GlobeSt.com the total hard construction cost of the undertaking could be $100 million.

Hotel Sector Shows Signs of Strength Downtown, Submarkets Despite Economic Slowdown

remstaff &Globe Street | February 16, 2001

CHICAGO-The local hotel market is expected to remain stable through 2001, though some operators may find themselves facing more competition as the economy slows.

First Phase of SoGO High-Tech Office Campus is 80% Leased

remstaff &Globe Street | February 16, 2001

CHICAGO-Peter Block and Tamara Kos of Cushman & Wakefield's Chicago office have been retained by developer SoGO Partners to lease the remaining 40,000 sf in three buildings at Hubbard and Noble streets.

Restaurant Group Defaults on Debt

remstaff &Globe Street | February 16, 2001

ORANGE COUNTY, CA-The Irvine-based holding company of Koo Koo Roo, Hamburger Hamlet and Chi-Chi's chains skips payment on some senior notes. The eateries can be found in dozens of Southland malls and other real estate developments.

Proposed 500-megawatt Power Plant Could Light Up 500,000 Homes

remstaff &Globe Street | February 16, 2001

ESCONDIDO, CA-A power-plant operator is negotiating with a Quail Hill landowner for 130 acres and plans to put a 500-megawatt facility there.

Economists Assure Brokers Recession Not Likely This Year

remstaff &Globe Street | February 16, 2001

WHITE PLAINS-Two noted economists told commercial brokers that while the economy is definitely slowing down, a recession is unlikely this year. In fact, both predicted the economy will pick up by the second half of this year.

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Office Space Filling Up Quickly but Sales Prices of Buildings are Heading South

Austin's Housing Booms While San Antonio's Wanes

Macerich Puts Two Centers on Block

Four Real Estate and Tech Execs Head Up iBuilding Inc.'s New Advisory Board

Raleigh Developer Plans 850,000-SF Mixed-Use Park Near Duke Medical Center

Hotel Sector Shows Signs of Strength Downtown, Submarkets Despite Economic Slowdown

First Phase of SoGO High-Tech Office Campus is 80% Leased

Restaurant Group Defaults on Debt

Proposed 500-megawatt Power Plant Could Light Up 500,000 Homes

Economists Assure Brokers Recession Not Likely This Year

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