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S&P Ranks State's Construction Bonds AA

remstaff &Globe Street | October 09, 2003

ORLANDO-Developers and investors are hearing encouraging news these days on Florida's long-range growth potential as Standard & Poor's Corp. of New York gives the state's newly issued $300 million right-of-way acquisition and bridge construction bonds a AA rating.

224-Unit Nevada Apartment Complex Sells for $17M

remstaff &Globe Street | October 09, 2003

RENO, NV-The buyer, a Northern California-based investor in a 1031 exchange, assumes an $11-million loan with Prudential that has an interest rate of 8.12%. The in-place capitalization rate on the investment is estimated at 8.8%

Grubb & Ellis Lists Livonia Office Complex

remstaff &Globe Street | October 09, 2003

LIVONIA, MI-Grubb & Ellis has been named listing agent for almost half a million sf of office space in Livonia.

Dallas/Fort Worth's Glory Days Sure to Return

remstaff &Globe Street | October 09, 2003

DALLAS-Delta Associates' CEO Gregory H. Leisch tells Transwestern's Dallas team and clients that the region is on the right track, but it's going to take some more time before all the pain goes away. Next year carries more promise and 2005 carries some more.

Governor Signs New Brownfields Cleanup Law

remstaff &Globe Street | October 09, 2003

UTICA, NY-This legislation will refinance and reform the state's Superfund program and hopefully spur private investment in the remediation of brownfield sites across the state.

Indian Pharma Company Relocates North American HQ

remstaff &Globe Street | October 09, 2003

BRIDGEWATER, NJ-Dr. Reddy's Laboratories will take a total of just under 17,000 sf at SJP Properties' Somerset Corporate Center.

Mayfair Homes Inc. Picks Up 15,000-SF Parcel

remstaff &Globe Street | October 09, 2003

SAN DIEGO-Mayfair dba Trilogy on Fifth LLC snaps up the property from O' Bryan Family Trust for $1.8 million. The new owner plans to build a 25-unit luxury condo project on the site.

Ramco-Gershenson Adds 90,000-SF Store to West Oaks

remstaff &Globe Street | October 09, 2003

NOVI, MI-Ramco-Gershenson signs a lease for a 90,000-sf Gander Mountain at its West Oaks Shopping Center here. Gander replaces a closed Kmart.

New Bank One Center JV Gets $270M Loan

remstaff &Globe Street | October 09, 2003

CHICAGO-Orlando-based Estein & Associates USA, Ltd. buys a 70% interest in Bank One Center for $106.4 million, plus another $9.8 million when another 40,000 sf of Bank One space is leased. The mortgage from Landesbank Hessen-Thuringen Girozentrale takes out construction and mezzanine debt on the 1.5-million-sf building.

Tiny Northrop Grumman-Occupied Building Sells for $15M

remstaff &Globe Street | October 09, 2003

WASHINGTON, DC-The 60,000-sf office building at 475 School St. gets a new owner in a $14.5 million trade between buyer Meritage Properties and seller, an affiliate of Cambridge Asset Management.

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S&P Ranks State's Construction Bonds AA

224-Unit Nevada Apartment Complex Sells for $17M

Grubb & Ellis Lists Livonia Office Complex

Dallas/Fort Worth's Glory Days Sure to Return

Governor Signs New Brownfields Cleanup Law

Indian Pharma Company Relocates North American HQ

Mayfair Homes Inc. Picks Up 15,000-SF Parcel

Ramco-Gershenson Adds 90,000-SF Store to West Oaks

New Bank One Center JV Gets $270M Loan

Tiny Northrop Grumman-Occupied Building Sells for $15M

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