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Trendwest Acquiring Camlin Hotel for Timeshare Conversion

remstaff &Globe Street | June 05, 2003

SEATTLE, WA-The Redmond, WA-based timeshare company says it will spend $7.5 million to convert the historic Downtown property's 100 hotel rooms into 38 studio suites, 58 one-bedroom suites and four two-bedroom penthouse suites.

Miramar Hotel & Investment Sells 560 Acres to Company Chairman

remstaff &Globe Street | June 05, 2003

LINCOLN, CA-In two separate transactions totaling $24 million, the Hong Kong-based company sells the Lincoln acreage to companies owned by Lee Shau-kee, who owns about 43.7% of Miramar and founded its parent company, Henderson Land Group.

Cheap Money Helps Property Investment Market Defy Gravity

remstaff &Globe Street | June 05, 2003

LONDON-Property lending is continuing at historically high levels, with the market sustained by the low cost of money, according to a new survey from FPDSavills. And more of the same can be expected for the rest of 2003.

RealShare Chicago Panels Bemoan Job Losses

remstaff &Globe Street | June 05, 2003

CHICAGO-In sheer numbers, the market has suffered the worst job loss in the economic downturn, a sobering reality brought home by a few panelists during Thursday's RealShare Chicago.

Dominion Energy Expands with New 60,000-SF Facility

remstaff &Globe Street | June 05, 2003

RICHMOND, VA-Dominion Resources Inc. sets up marketing operations in its new 60,000-sf Dominion Energy Clearinghouse building. The facility cost $28.5 million to develop and will house approximately 350 Dominion employees.

Cheeca Lodge & Spa Sells for $34.5M

remstaff &Globe Street | June 05, 2003

ISLAMORADA, FL-Cheeca Holdings LLC entered into an investment syndicate to purchase the 203-room luxury resort here and plans a $10 million capital investment in the property. The seller was an affiliate of Olympus Real Estate Partners.

Animators Draw Five-Year HQ Renewal

remstaff &Globe Street | June 05, 2003

NORTH HOLLYWOOD, CA-Film Roman, animators of "The Simpsons" and "King of the Hill," renews 47,868 sf for the company's headquarters location at 12020 Chandler Blvd. Rent concessions and free parking are the decision makers.

Mesa View Plaza Gets $20M Loan

remstaff &Globe Street | June 05, 2003

SAN DIEGO-Aetna Investments Inc. provides the financing on behalf of Manchester Resorts. Encompassing 110,994 sf, the class A office facility is occupied by tenants such as Residential Funding Corp. and Hoyle Cohen.

$17M Refinances Shopping Center

remstaff &Globe Street | June 05, 2003

HEMET, CA-ING Realty Partners secures the loan for Village West Center from an affiliate of Pacific Coast Capital Partners. The three-year, floating rate loan will fund center improvements and a 6,000-plus sf addition.

Real Estate Media to Cover Mid-America Market With New Publication

remstaff &Globe Street | June 05, 2003

CHICAGO-The media group is building upon its commitment to the Chicago real estate market with the launch of <i>Real Estate Mid-America</i>. Publisher Jonathan Schein uses the firm's Real Share Chicago conference today to unveil plans for a September launch.

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