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Glimcher Closes $114M Loan for Ohio Mall Property

remstaff &Globe Street | October 20, 2003

DAYTON, OH- Glimcher Realty Trust of Columbus, OH closes a new permanent mortgage for the Mall at Fairfield Commons here. The loan replaces variable rate debt that was scheduled to mature in the next 15 months.

Houston Self-Storage Assets Sell

remstaff &Globe Street | October 20, 2003

HOUSTON-A local investor spends about $900,000 apiece for a pair of mini-storage properties. The seller, KM Income Properties of Los Angeles, receives a return in excess of 18% on the investment after a seven-year hold.

$32M Refi for Borg-Warner Building

remstaff &Globe Street | October 20, 2003

CHICAGO-The seven-year non-recourse loan on the 357,777-sf building at 200 S. Michigan Ave. is based on an appraised value of the asset of $42 million.

Watumull Properties Pays $11M for Swan Island Warehouse

remstaff &Globe Street | October 20, 2003

PORTLAND-The Honolulu-based investor with two million sf in the local market uses proceeds from a recent sale to pick up 5000 N. Basin Ave., a 344,000-sf industrial building leased to four tenants.

$192M College Expected to Boost Englewood

remstaff &Globe Street | October 20, 2003

CHICAGO-A six-building, 504,700-sf Kennedy-King College campus is being built around the intersection of 63rd and Halsted streets, replacing the Englewood Mall, a retail center that saw continuous decline.

A Toll Brothers' Brother Snaps Up Former Tyco Property

remstaff &Globe Street | October 20, 2003

BLUE BELL, PA-BET Investments, headed by Bruce E. Toll, an owner of the luxury residential builder, beefs up its 1.5-million-sf Philadelphia-area commercial portfolio with the 167,484-sf property vacated by Tyco's Yarway subsidiary.

Real Estate Consulting Firm Relocates to 711 Westchester Ave.

remstaff &Globe Street | October 20, 2003

WHITE PLAINS, NY-Fidelity Corporate Real Estate signed on for nearly 13,000 sf of space at W&M Properties' 711 Westchester Ave. W&M is also marketing more than 100,000 sf of underutilized space leased to AT&T at 500 Mamaroneck Ave.

Regis Art Center Opens on University of Minnesota's West Bank

remstaff &Globe Street | October 20, 2003

MINNEAPOLIS-The $41.5-million, 155,000-sf complex is the final piece in building a new West Bank Arts Quarter linking theater arts, music and dance.

Grubb & Ellis Leases Industrial Space in Madison Heights

remstaff &Globe Street | October 20, 2003

MADISON HEIGHTS, MI-A machine tool shop has leased 57,250 sf of space in Madison Heights in a deal negotiated through Grubb & Ellis.

Transwestern's ICT Occupancy Improves

remstaff &Globe Street | October 20, 2003

IRVINE, CA-A law firm, employment management company and a mortgage company sign deals for more than 56,000 sf at 18400 Von Karman Ave., part of the four-building 866,160-sf Irvine Center Towers complex.

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Glimcher Closes $114M Loan for Ohio Mall Property

Houston Self-Storage Assets Sell

$32M Refi for Borg-Warner Building

Watumull Properties Pays $11M for Swan Island Warehouse

$192M College Expected to Boost Englewood

A Toll Brothers' Brother Snaps Up Former Tyco Property

Real Estate Consulting Firm Relocates to 711 Westchester Ave.

Regis Art Center Opens on University of Minnesota's West Bank

Grubb & Ellis Leases Industrial Space in Madison Heights

Transwestern's ICT Occupancy Improves

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