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NAR Predicts Boston Will Be the Hottest Market in US for Office and Multifamily

remstaff &Globe Street | January 31, 2001

BOSTON-The National Association of Realtors forecasts that Boston is going to be one of the hottest markets overall in the country in 2001. A strong local economy and decreased supply here contribute to the city's positive indicators.

Absorption Rate of New Valley Office Space Still Outpacing New Construction

remstaff &Globe Street | January 31, 2001

PHOENIX-The Valley's office market remained strong through the end of 2000, with demand so strong it's outpacing a near record of new development.

AAC Plans $120-Mil, Two Mil-SF Warehouse/Distribution Park

remstaff &Globe Street | January 31, 2001

CHARLOTTE-Locally based AAC Real Estate Services Inc. will develop the 170-acre, spec venture over a seven-year to 10-year period in southwest Mecklenburg County. A ground-breaking date hasn't been set.

Lord & Taylor Entering Area's Simmering Upscale Retail Race

remstaff &Globe Street | January 31, 2001

ORLANDO-The high-fashion firm's parent, St. Louis-based May Department Stores Co., will pay Saks Inc. about $310 million or roughly $34 million per store for five Parisian locations in Tennessee; three in Louisiana; and the Orlando site. The deal is expected to close in March.

Grocery Chains Continue to Battle It Out

remstaff &Globe Street | January 31, 2001

ATLANTA-There seems to be no cooling off in the fierce battle among grocery stores in the metro area. The two leaders in the market each plan to open a number of new stores this year.

Crown Books' Closings Include Store in Loop, 11 More in Suburbs

remstaff &Globe Street | January 31, 2001

CHICAGO-The discount books retailer is shutting down nearly a third of the stores in its chain, with this market being the hardest hit. Crown also is closing stores in California, Maryland and Pennsylvania.

IBM Opens Web Center in Global E-Business Consulting Expansion

remstaff &Globe Street | January 31, 2001

CAMBRIDGE, MA-As part of its consulting business, IBM opens a high-tech center for e-business collaboration here. The center is part of the company's network of 20 e-business centers worldwide.

Bay Area BOMAs Negotiating Power Contract for Building Owners

remstaff &Globe Street | January 31, 2001

SAN FRANCISCO-The Building Owners and Managers Associations around the Bay have formed the Bay Area Energy Committee to oversee negotiations with Houston-based Enron to provide building owners electricity at a fixed-rate.

Land Near Proposed Stadium Site Slated for 1,000-acre Business Park

remstaff &Globe Street | January 31, 2001

PHOENIX-A local developer who is donating land in the West Valley for a proposed site for the new $335- million stadium for the Arizona Cardinals will begin site preparation this spring on a 1,000-acre business park adjacent to the stadium site.

Governor OKs Arena Plan for Newark, $50 Mil of $215 Mil Package to Come from State

remstaff &Globe Street | January 31, 2001

NEWARK-Whitman agrees to a $215 million aid package on her last day in office before heading off to run EPA. The final deal is still likely to fall on the new acting governor.

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NAR Predicts Boston Will Be the Hottest Market in US for Office and Multifamily

Absorption Rate of New Valley Office Space Still Outpacing New Construction

AAC Plans $120-Mil, Two Mil-SF Warehouse/Distribution Park

Lord & Taylor Entering Area's Simmering Upscale Retail Race

Grocery Chains Continue to Battle It Out

Crown Books' Closings Include Store in Loop, 11 More in Suburbs

IBM Opens Web Center in Global E-Business Consulting Expansion

Bay Area BOMAs Negotiating Power Contract for Building Owners

Land Near Proposed Stadium Site Slated for 1,000-acre Business Park

Governor OKs Arena Plan for Newark, $50 Mil of $215 Mil Package to Come from State

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