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Apartment Construction Continues; Supply Still Low

remstaff &Globe Street | March 25, 2001

ORANGE COUNTY, CA-Industry experts say the need for affordable, multifamily housing is still outpacing new construction. That's because few large complexes are being built.

Prominent Developer Robert D. Selleck Dies at 79

remstaff &Globe Street | March 25, 2001

LOS ANGELES-The broker-turned-developer was responsible for several successful projects, particularly in the San Fernando Valley. His $100-million the Plant in Van Nuys is credited with reinvigorating the once-declining neighborhood.

Outlook for Office Markets Abroad Unclear

remstaff &Globe Street | March 25, 2001

BOSTON-Colliers International, based here, indicates that despite steady declines in office vacancies and increases in office rental rates, a number of economic problems have surfaced that could lead to a sluggish performance this year.

AMLI Stabilizes 2 Multifamily Properties

remstaff &Globe Street | March 25, 2001

CHICAGO-AMLI Residential says it has stabilized two apartment complexes. Occupancy is 94% at 352-unit AMLI at Park Bridge in north Fulton County and 92% at 276-unit AMLI at Castle Creek in Indianapolis.

Guidant Doubles Size of Arden Hills Campus

remstaff &Globe Street | March 25, 2001

ARDEN HILLS, MN-The medical devices company bought the 640,000-sf Arden Hills Technology Center in the expectation it will eventually grow into it with production of a new device that is able to resynchronize the heart.

Kennedy-Wilson Eyes Expansion of New Holdings

remstaff &Globe Street | March 25, 2001

AUSTIN-An immediate expansion plan is under way at one of two JP Morgan holdings that have just been bought by Kennedy-Wilson. The San Antonio buys add 385,465 sf to Kennedy-Wilson's two million sf San Antonio portfolio.

Mount Laurel Project Saga Ends 30 Years Later

remstaff &Globe Street | March 25, 2001

MOUNT LAUREL, NJ-After three decades of legal wrangling and three trips to the State Supreme Court the low-income housing that Ethel Lawrence wanted to build here is finally a reality.

Parkway Commerce Center Sells for $12 Mil-Plus

remstaff &Globe Street | March 24, 2001

SAN DIEGO-In the latest in a spurt of industrial activity in Poway, Mararisk LLC has purchased the 147,907-sf Parkway Commerce Center in a deal valued at $12.5 million.

Crescent Resources Buys 300-Acre Potomac Yard

remstaff &Globe Street | March 23, 2001

ALEXANDRIA, VA-Terms of the purchase weren't disclosed, but Crescent plans to continue with plans to develop the site as proposed by former owners Commonwealth Atlantic Properties. The Potomac Yard Retail Center was not part of the deal.

Willowbrook Mall Fetches $144.9 Mil

remstaff &Globe Street | March 23, 2001

HOUSTON-The 1.53-million sf Willowbrook Mall has changed hands, falling into a joint venture portfolio of General Growth Properties and the New York State Common Retirement Fund. The mall has brought in $144.9 million for the pension fund seller.

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