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Tesco Comes Back for More With British Land

remstaff &Globe Street | December 12, 2003

LONDON-British Land has renewed its joint venture with Tesco--BLT Properties--for a further seven years. At the same time it has refinanced the venture with a $325-million loan.

Ventas Unloads 10 Facilities for $85M

remstaff &Globe Street | December 12, 2003

LOUISVILLE, KY-The locally based healthcare REIT sells 10 of its under performing facilities to its primary tenant, Kindred Healthcare Inc., which says it plans to flip the properties as soon as possible.

DPC Buys Corporate 25 Building for $5M

remstaff &Globe Street | December 12, 2003

DENVER-The local development company buys the 134,000-sf office complex for $33.66 per sf. Estimated replacement cost of the property is $140 per sf.

Tesco Comes Back for More with British Land

remstaff &Globe Street | December 12, 2003

LONDON-British Land has renewed its joint venture with Tesco--BLT Properties--for a further seven years. At the same time it has refinanced the venture with a pounds 185 million ($325 million) loan.

Manufacturer Leases 57,000-SF Facility

remstaff &Globe Street | December 12, 2003

HOUSTON-All Pan Ltd., a manufacturer of wood trusses, takes the space for the long term, picking a 10-acre property on the south side of town . The firm, getting more space with the move, was forced to relocate after its existing building owner sells to a user.

Largest Ever Commercial Auction Lot Raises $20M

remstaff &Globe Street | December 12, 2003

LONDON-The largest-ever commercial property investment to be sold at auction was knocked down by Jones Lang LaSalle auctioneer Richard Auterac for pounds 11.46 million ($20 million) at the JLL sale this week.

Mack Rejoins Cousins' Board

remstaff &Globe Street | December 12, 2003

ATLANTA-Cousins Properties Inc. has expanded its board to 10 directors with the selection of John J. Mack who was a director from May 2001 to May 2003. Mack is co-CEO of Credit Suisse Group and CEO of Credit Suisse First Boston.

$8M Financing Set for Office Property

remstaff &Globe Street | December 12, 2003

FRANKLIN TWP., NJ-Northmarq Capital arranged the package for the KS Realty-owned building, with Sun Life Assurance of Canada providing the money.

60-Acre Redevelopment Under Way in Louisiana

remstaff &Globe Street | December 11, 2003

NEW ORLEANS-A 60-acre former public housing project in this city's historic Lower Garden District is being redeveloped with 1,088 new apartment units and 290,000 sf of commercial and retail space.

IPC Trades Up to 19,475 SF at 3000 Lakeside

remstaff &Globe Street | December 11, 2003

BANNOCKBURN, IL-The trade association moves from 2215 Sanders Rd. to Great Lakes REIT's 202,000-sf asset in this north suburb, taking advantage of the soft office leasing market in order to cut costs.

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Tesco Comes Back for More With British Land

Ventas Unloads 10 Facilities for $85M

DPC Buys Corporate 25 Building for $5M

Tesco Comes Back for More with British Land

Manufacturer Leases 57,000-SF Facility

Largest Ever Commercial Auction Lot Raises $20M

Mack Rejoins Cousins' Board

$8M Financing Set for Office Property

60-Acre Redevelopment Under Way in Louisiana

IPC Trades Up to 19,475 SF at 3000 Lakeside

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