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State Tax Breaks Spur Midland Investment

remstaff &Globe Street | October 20, 2003

MIDLAND, MI-Two Dow companies will be expanding in the Midland area as part of a $38 million investment.

64 Acres Next to Tennis Garden Hits Market

remstaff &Globe Street | October 20, 2003

INDIAN WELLS, CA-Development sites ranging from 6.8 acres to 22 acres near the $75-million Indian Wells Tennis Garden can be had as CB Richard Ellis begin marketing the acreage with 2,000 ft of frontage along heavily traveled Washington Street.

Elman Investors Acquires Alabama Office Building

remstaff &Globe Street | October 20, 2003

BIRMINGHAM, AL-The New York City-based buyer of government-leased facilities pays $8.4 million plus closing costs for a 53,000-sf building here leased to the US Attorney General for the next 8.5 years.

Two Apartment Complexes Change Hands

remstaff &Globe Street | October 20, 2003

SHELBY TOWNSHIP, MI-A 121-unit apartment complex in this Detroit suburb has been sold for $5.2 million; another property, in Royal Oak, fetched $565,000.

GM Nodular Iron Site to be Redeveloped

remstaff &Globe Street | October 20, 2003

SAGINAW, MI-Corvus Nodular Interests LLC will develop the General Motors Nodular Iron plant site here in a project that will include the construction of an 240,000 sf finishing and machining facility.

CT Realty Sells Off The Last Of Its Four-Building $17 M Portfolio

remstaff &Globe Street | October 20, 2003

SANTA ANA-CT Realty moved out of the Santa Ana market with the sale of the last of its four-building holdings. The $6.4 million sale of The Arbors was the final step in disposing of a $17 million portfolio.

Bombay Pens 10-Year Lease for Rice Village

remstaff &Globe Street | October 20, 2003

HOUSTON-The store will open in 9,000 sf of a 16,000-sf anchor spot that's being converted from single-tenant use to multi-tenant. The Bombay Co./Bombay for Kids stakes the first claim to the former Rice Epicurean Market.

$290M Re-Brands 463,000 Acres in Texas

remstaff &Globe Street | October 20, 2003

SILSBEE, TX-Molpus Woodlands Group secures the deed with $257 million in cash and the balance in installments for an institutional client, which is eyeing a hold of 15 years or longer. For seller Louisiana-Pacific, the transaction completes a 935,000-acre disposition.

Aurora Office Market Stable

remstaff &Globe Street | October 20, 2003

AURORA, CO-CB Richard Ellis reports that things didn't get any worse in the Q3 2003 office market, with vacancies and rental rates more or less stable.

Brownfield Funds Boost Two Area Projects

remstaff &Globe Street | October 20, 2003

DETROIT-A former Federal's Department Store in Detroit will become The Grand River Place, a 127,000-sf collection of shops and other services.

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State Tax Breaks Spur Midland Investment

64 Acres Next to Tennis Garden Hits Market

Elman Investors Acquires Alabama Office Building

Two Apartment Complexes Change Hands

GM Nodular Iron Site to be Redeveloped

CT Realty Sells Off The Last Of Its Four-Building $17 M Portfolio

Bombay Pens 10-Year Lease for Rice Village

$290M Re-Brands 463,000 Acres in Texas

Aurora Office Market Stable

Brownfield Funds Boost Two Area Projects

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