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CBL & Assoc. Spends $21M on Partnership Units

remstaff &Globe Street | September 16, 2003

CHATTANOOGA, TN-The retail REIT repurchases 460,083 common units of its operating partnership--the remaining interests of a former executive of CBL who retired in 1997--increasing its interest in the partnership to 54.5% and management's ownership interest to 19.9%.

504 Wood Ranch Units Change Hands

remstaff &Globe Street | September 16, 2003

SIMI VALLEY, CA-Sequoia Equities buys Village Club and the Overlook Apartments, renaming them The Villas at Wood Ranch.

Innovis Health Sold to CHI

remstaff &Globe Street | September 16, 2003

FARGO, ND-The sale of the 347,000-sf facility represents the exit from the hospital ownership business of Blue Cross and Blue Shield of Minnesota.

Compass Bank Lays Out $1.2M for Site

remstaff &Globe Street | September 16, 2003

PHOENIX-The bank will open doors in a 60,000-sf retail center at the corner of 7th Street and Union Hills, a site bought from a locally based limited liability company. Handling the sale was a local trio from CB Richard Ellis.

CSM Corp. Planning 850,000-SF Business Park

remstaff &Globe Street | September 16, 2003

BLAINE, MN-CSM Corp. of Bloomington, MN, will develop the 80-acre park on land it recently acquired from Alza Corporation at the northwest intersection of I-35W and Lexington Avenue NE in this city.

InnSuites Hospitality Trust Battling Loss

remstaff &Globe Street | September 16, 2003

PHOENIX-InnSuites Hospitality Trust reports a loss for the first six months of the year, but says it has taken several steps to be able to take advantage of a possible improvement in the tourism industry.

Thermo Electron Leases 103,000 SF for Manufacturing Site

remstaff &Globe Street | September 16, 2003

MILFORD, MA-Thermo Electron Corp. leases 103,000 sf at 450 Fortune Blvd. The new facility, which will consolidate the operations of four former sites, will be used as a manufacturing center for the company's sample preparation products used in life sciences research.

Users Pay $38 Per SF to Buy Buildings

remstaff &Globe Street | September 16, 2003

LAKE ZURICH, IL-Magil Corp. pays $1.32 million for a 42,000-sf building at 500 Oakwood Rd. in this northwest suburb, while the price for Newport Design Co.'s 11,960-sf portion of 1285 Kyle Ct. is $729,000.

New York Times Building Gets the Go Ahead

remstaff &Globe Street | September 16, 2003

NEW YORK CITY-The condemnation process has been completed for the site for the proposed New York Times building on Eighth Avenue between 40th and 41st Streets.

Collington Park Properties Produce $6.4M for Seller

remstaff &Globe Street | September 16, 2003

UPPER MARLBORO, MD-Ownership of two structures in Collington Industrial Park changes hands with Finmarc Management's $6.4 million purchase from The Humphery Co. The industrial and flex structures, which account for a total of 152,000 sf, are fully leased and have a total assessed value of $5.3 million.

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CBL & Assoc. Spends $21M on Partnership Units

504 Wood Ranch Units Change Hands

Innovis Health Sold to CHI

Compass Bank Lays Out $1.2M for Site

CSM Corp. Planning 850,000-SF Business Park

InnSuites Hospitality Trust Battling Loss

Thermo Electron Leases 103,000 SF for Manufacturing Site

Users Pay $38 Per SF to Buy Buildings

New York Times Building Gets the Go Ahead

Collington Park Properties Produce $6.4M for Seller

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