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Management Shifts Kick in as First Union Restructures Real Estate Operations

remstaff &Globe Street | January 23, 2001

CHARLOTTE-A new position--head of real estate securitization--is part of the restructuring effort aimed at intensifying the company's focus on high-growth businesses and improving its risk profile.

New Joint Venture Secures First Holding, 115,681-SF Park Plaza

remstaff &Globe Street | January 23, 2001

FT. WORTH-The groundwork's being lain for a possible buying spree by a newly formed joint venture. The 115,681-sf Park Plaza in Ft. Worth launches the portfolio for Woodcrest Plaza 2001, an investment firm with high-profile backing.

InterBank Capital Partners Names New President

remstaff &Globe Street | January 23, 2001

WASHINGTON, DC-InterBank Capital Partners is naming W. Thomas Fleming III its new president while the organization's former president, Dr. Simon Hershon, retains the position of CEO. Fleming joined the firm in 1999.

Newark Arena Not Part of State of the State

remstaff &Globe Street | January 23, 2001

TRENTON-The proposed Downtown sports venue has plenty of support, but because financing is up in the air it won't be mentioned in what is expected to be Gov. Whitman's final statewide address.

Spano Gets Assurances from NRC on Safety of Indian Point 2

remstaff &Globe Street | January 23, 2001

WHITE PLAINS-Westchester County Executive Andrew Spano says officials with the Nuclear Regulatory Commission have assured him that the agency will closely monitor the safety of the troubled Indian Point 2 nuclear power plant.

Mellon Independence Center Up for Sale

remstaff &Globe Street | January 23, 2001

NEW YORK CITY-Most of the 811,182-sf building, which is 99% leased, is occupied by Mellon Bank. The class-A facility earned a National Preservation Honor Award after if was renovated.

$225 Mil Budgeted for Infrastructure, $57.4 Mil Slated for Parkway

remstaff &Globe Street | January 23, 2001

WOODBRIDGE, NJ-The NJ Highway Authority, operator of the toll road, sets aside funds for several key projects, but repairs to a major bridge are on hold because there isn't enough money in the kitty.

Construction Had Its Ups and Downs in 2000, According to Report

remstaff &Globe Street | January 23, 2001

SAN DIEGO-Commercial construction was up in 2000; however, a decline in residential and other building sectors points to a general construction slowdown last year.

Converse Declares Bankruptcy, HQ Downsizing and Plants Closing

remstaff &Globe Street | January 23, 2001

NORTH READING, MA-Converse Inc. files for bankruptcy protection. The sneaker maker sells its headquarters here for $15.1 million but plans to remain in the area.

EnCompass Globalization Retreating from Puget Sound Market

remstaff &Globe Street | January 23, 2001

KIRKLAND, WA-The software customization company is in the process of vacating its 14,000 sf of offices in the Crown Point Corporate Center here following a decision by its Bellevue-based, Japanese-owned parent company Trans Cosmos USA, to shutter the operation.

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Management Shifts Kick in as First Union Restructures Real Estate Operations

New Joint Venture Secures First Holding, 115,681-SF Park Plaza

InterBank Capital Partners Names New President

Newark Arena Not Part of State of the State

Spano Gets Assurances from NRC on Safety of Indian Point 2

Mellon Independence Center Up for Sale

$225 Mil Budgeted for Infrastructure, $57.4 Mil Slated for Parkway

Construction Had Its Ups and Downs in 2000, According to Report

Converse Declares Bankruptcy, HQ Downsizing and Plants Closing

EnCompass Globalization Retreating from Puget Sound Market

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