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Valley's Office Market Turning Around

remstaff &Globe Street | October 26, 2003

PHOENIX-A surge of tenants moving into class A office space is helping to fuel the Valley's languishing office market. But even as vacancies continue to decline, not all sectors are benefiting.

929,215-SF Industrial Portfolio Garners $40M

remstaff &Globe Street | October 26, 2003

SACRAMENTO, CA-The Rancho Cordova portfolio is comprised of 19 light industrial and warehouse buildings ranging from 12,800 sf to 135,633 sf. The transaction is one of the largest industrial sales in the city's history.

GlobeSt.com EXCLUSIVE: West University Plaza Sells for $8M

remstaff &Globe Street | October 26, 2003

HOUSTON-The 23,895-sf shopping center reaches the closing table after being under contract for nearly six months so the buyer could find a replacement property in its home state and exit Texas with the one-off sale.

Individual Investor Acquires Small Retail Center

remstaff &Globe Street | October 26, 2003

KENT, WA-After sitting on the market for a year because of vacancy, the empty spaces at East Hill Plaza are filled and an individual investor from London snaps up the property at a 9% cap rate.

Penn National Gaming Reports Record 81% Revenue Gain

remstaff &Globe Street | October 25, 2003

WYOMISSING, PA-Despite drops in revenue at its Pennsylvania and New Jersey racetracks and a new Illinois gaming tax, the casino owner's third-quarter revenues were $316.1 million, up from $174.4 million in third quarter 2002.

1M-SF Tower Could Hit Market Soon

remstaff &Globe Street | October 25, 2003

BOSTON-One Lincoln St., the city's most recently built office tower, could be on the market soon, its developer tells GlobeSt.com. The 36-story building is fully leased by State Street Corp. for 20 years.

Kimco's 3Q Income Increased 47%

remstaff &Globe Street | October 25, 2003

NEW HYDE PARK, NY-The retail REIT, based here, reported net income for the third quarter increasing 47.2% over 2002 figures. So far for this year, net income has increased 21.4% to $221.8 million.

New Stores Hope to Breathe New Life into Aging Mall

remstaff &Globe Street | October 25, 2003

HARPER WOODS, MI-A new Sears store has opened, and a Lowe's is soon to open in Shopco's Eastland Center in this Detroit suburb. The new retailers represent new hope for the property, which suffered major blows with the closing of Wards and JC Penney stores in recent years.

Downtown St. Paul Office Owners Converting to Housing

remstaff &Globe Street | October 25, 2003

ST. PAUL-A slump in the office market and a boom in the downtown housing market has many landlords converting their buildings from offices to homes.

GlobeSt.com EXCLUSIVE: Exis Capital Takes 29,750 SF at 875 Third

remstaff &Globe Street | October 25, 2003

NEW YORK CITY-Hedge fund Exis Capital inks a 10-year deal for the top floor at 875 Third Ave. This deal brings the Plaza District property up to 96% occupancy.

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Valley's Office Market Turning Around

929,215-SF Industrial Portfolio Garners $40M

GlobeSt.com EXCLUSIVE: West University Plaza Sells for $8M

Individual Investor Acquires Small Retail Center

Penn National Gaming Reports Record 81% Revenue Gain

1M-SF Tower Could Hit Market Soon

Kimco's 3Q Income Increased 47%

New Stores Hope to Breathe New Life into Aging Mall

Downtown St. Paul Office Owners Converting to Housing

GlobeSt.com EXCLUSIVE: Exis Capital Takes 29,750 SF at 875 Third

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