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Pollack Adds to Portfolio with $7M Purchase

remstaff &Globe Street | October 30, 2003

PHOENIX-Michael Pollack looked beyond the antiquated style and saw "a phenomenal" location when he picked up the El Monte Shopping Center in the city for $7.4 million. Pollack, known as "the plastic surgeon of real estate," plans a future facelift for the property to give it a more modern feel.

Beech Investments Buys Dorking Offices

remstaff &Globe Street | October 30, 2003

LONDON-Beech Investments has bought Biwater House, the headquarters of construction group Biwater in Dorking, Surrey, from a client of PRICOA Property Investment Management for pounds 5.8 million ($9.9 million) reflecting a 7.8% initial yield.

Boulder Hospital Gets Green Building Title

remstaff &Globe Street | October 30, 2003

BOULDER, CO-The US Green Building Council designates Boulder Hospital a green building and awards the hospital its LEED certification, one of only 67 buildings in the country to receive this title and the first hospital in the country to do so.

Arbor Provides $17M for Downtown Apartments

remstaff &Globe Street | October 30, 2003

ATLANTA-The Uniondale, NY-based lender is providing a $16.7 million construction loan at 5.91% interest for the 261-unit Northside Village Apartments near the Georgia World Congress Center.

Tropicana Parking Garage Collapses

remstaff &Globe Street | October 30, 2003

ATLANTIC CITY, NJ-A portion of an under-construction parking garage at the Tropicana Casino and Resorts collapsed Thursday. Four deaths and numerous injuries were reported. The hotel is undergoing a $245 million expansion.

JW Marriott Hotel to Open Here Next Year

remstaff &Globe Street | October 30, 2003

DENVER-Plans call for the JW Marriott Hotel to open here in June 2004. Mayor Hickenlooper was on hand as well for the topping out of the $40 million, 196-room high-end facility.

Tollway Path Triggers 269-Acre Sale

remstaff &Globe Street | October 30, 2003

CELINA, TX-A well-known Dallas investor, Rex Glendenning, buys more land from a European investor, whose interests are represented stateside by International Capital. Land in the toll road's path has been fetching $5,000 to $8,000 per acre.

Lease Restructures Can Be a Win/Win

remstaff &Globe Street | October 30, 2003

Based on recessionary trends and their impact on the office market, it's clear that we have reached one of the lower, if not the lowest, points in the…

Watt, Centro in $488M Deal

remstaff &Globe Street | October 30, 2003

SANTA MONICA, CA-The new Real Estate Advisory Group of Los Angeles-based Watt Commercial teams with Australia's Centro Properties to acquire 14 shopping centers.

$40M Hotel, Conference Center Funding Near

remstaff &Globe Street | October 30, 2003

MORROW, GA-Clayton County and city officials plan to begin selling a $48 million bond issue in February to fund the 225-room inn and 20,000-sf meeting facility which could break ground at Gateway Village in July 2004 on a site five miles south of Downtown Atlanta.

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Pollack Adds to Portfolio with $7M Purchase

Beech Investments Buys Dorking Offices

Boulder Hospital Gets Green Building Title

Arbor Provides $17M for Downtown Apartments

Tropicana Parking Garage Collapses

JW Marriott Hotel to Open Here Next Year

Tollway Path Triggers 269-Acre Sale

Lease Restructures Can Be a Win/Win

Watt, Centro in $488M Deal

$40M Hotel, Conference Center Funding Near

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