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Work starts on the largest speculative industrial unit in Yorkshire

remstaff &Globe Street | May 13, 2003

LONDON-Construction work has started on a speculative 140,000-sf industrial development, Tranmoor Point at Yorkshire Forward's West Moor Park, in Doncaster. Developer Teeshep claims it is largest speculative warehouse currently being built in the entire Yorkshire region.

Glimcher Closes $140M Refinance of Lloyd Center Mall

remstaff &Globe Street | May 13, 2003

PORTLAND-The Columbus, OH-based REIT pays off a maturing floating-rate mortgage on the 1.4-million-sf enclosed regional mall with a new 10-year fixed-rate loan from Lehman Brothers Holding Inc.

State Reaches Tentative Deal on Indian Casino in Catskills

remstaff | May 13, 2003

ALBANY-A significant hurdle has been scaled by New York State and the St. Regis Mohawk Tribe in settling issues that could have thwarted the tribe from developing a $500 million casino resort in Sullivan County.

Two Commercial Building Sites Sell

remstaff &Globe Street | May 13, 2003

SUGAR LAND, TX-Riba Foods takes 3.5 acres in Sugar Land Business Park and AOR Real Estate buys 3.4 acres in First Colony, where US Oncology will build its eighth cancer care center. Sugarland Properties is the seller of both tracts.

Shurgard Raises Occupancy, Holds Rates

remstaff &Globe Street | May 13, 2003

SEATTLE-The Seattle-based storage REIT does not release first quarter earnings results as scheduled because an independent auditor is still researching the impact of a hedge transaction, but does release its operating results.

Mixed Use Plans Seek Planned Use Approval

remstaff &Globe Street | May 13, 2003

ROCHESTER HILLS, MI-The city is considering two development plans, which include heavy retail use on the two prominent corners of Rochester and Tienken roads. A rezoning is in order since most of the sites are zoned for industrial/office and a report shows there is no demand for either use at the intersection.

Lend Lease to Acquire Resort on Queensland's Sunshine Coast

remstaff &Globe Street | May 13, 2003

QUEENSLAND, AUSTRALIA-Lend Lease Development Pty Ltd exercises its right of first refusal to acquire Twin Waters Resort, which includes the resort land and buildings, 18-hole championship golf course and resort operating business.

GMAC Plans $1 Billion Investment in Military Housing

remstaff &Globe Street | May 13, 2003

DENVER-GMAC invested more than $800 million in military housing last year and plans to increase that amount this year, which could include new housing for Buckley Air Force Base in Aurora, CO.

Moody's Explores Outlook for REITs

remstaff &Globe Street | May 13, 2003

NEW YORK CITY-Economic recovery will be the key issue for REITs for the rest of 2003, according to members of Moody's Investors Services Real Estate Finance Team.

Detroit Area Growing Outward Too Rapidly

remstaff &Globe Street | May 13, 2003

DETROIT-A a new research study on the state, produced with support of more than 20 representatives of government, academia, non-profit and public-interest organizations, says that too much growth is spreading away from urban areas, without enough effort on redevelopment in core cities. The amount of developed land increased as much as 10 times the population from 1970 to 2000.

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Work starts on the largest speculative industrial unit in Yorkshire

Glimcher Closes $140M Refinance of Lloyd Center Mall

State Reaches Tentative Deal on Indian Casino in Catskills

Two Commercial Building Sites Sell

Shurgard Raises Occupancy, Holds Rates

Mixed Use Plans Seek Planned Use Approval

Lend Lease to Acquire Resort on Queensland's Sunshine Coast

GMAC Plans $1 Billion Investment in Military Housing

Moody's Explores Outlook for REITs

Detroit Area Growing Outward Too Rapidly

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