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Getty Realty Grabs 41 Properties for $13M

remstaff &Globe Street | May 02, 2003

JERICHO, NY-The deal includes gas stations and convenience stores in Massachusetts and Rhode Island. Forty of the properties are being subleased to Getty Petroleum Marketing Inc. until 2015, the other is being leased to an individual operator.

Court Ruling Threatens to Delay Bishopsgate Scheme

remstaff &Globe Street | May 02, 2003

LONDON-The High Court has allowed a legal challenge to plans for a multi-million pound station and mixed use scheme on Bishopsgate Goodsyard in east London.

Rouse Slows Forsyth Commons Schedule

remstaff | May 02, 2003

ATLANTA-After 12 months of searching for an all-star retail roster to occupy its planned 1.4 million-sf site at the open-air mall in Forsyth Center, the developer tells local government officials that the project may be delayed beyond the scheduled 2006 opening date.

General Growth Pays $88M for Peachtree Mall

remstaff &Globe Street | May 02, 2003

COLUMBUS, GA-The Chicago-based REIT paid Jim Wilson Associates Inc. of Montgomery, AL $106.82 per sf for the 28-year-old, 92%-leased, 820,000-sf mall near the Fort Benning, GA military base.

Governor Signs Controversial Bill

remstaff &Globe Street | May 02, 2003

DENVER-Local builders applaud Gov. Owens' signing of House Bill 1161, which limits the monetary and repair awards to property owners who sue builders, despite arguments from consumer groups and trial lawyers.

Improvements in REIT Tax Laws on the Table

remstaff &Globe Street | May 02, 2003

WASHINGTON, DC-The REIT Improvement Act of 2003 makes its debut in the US House of Representatives. The purpose of the legislation is to institute improvements to existing REIT tax laws.

Penn National's Revenues Spike 46.7%; Legal Slots Could Up the Ante

remstaff &Globe Street | May 02, 2003

WYOMISSING, PA-Penn National Gaming reports a record first-quarter. Revenues reached $225.2 million. Income rose 58.4% to $38.8 million. The company lobbies daily for legal slots in PA and might invest $100 million at its two PA racetracks to accommodate them.

EOP Sells US Bancorp Center in Minneapolis for $174M

remstaff &Globe Street | May 02, 2003

MINNEAPOLIS-The 30-story, 929,694-sf office building in Downtown Minneapolis is acquired by Wells Real Estate Investment Trust of Atlanta. US Bancorp occupies 77% of the building on a long-term lease.

GlobeSt.com EXCLUSIVE: Kraft Foods Federal Credit Union Leases 28,538 SF in Purchase

remstaff &Globe Street | May 02, 2003

PURCHASE, NY-Kraft Foods Federal Credit Union will be relocating its offices from White Plains to 28,538 sf of space at 2 Manhattanville Road at the Centre at Purchase later this year, GlobeSt.com has learned.

ResortQuest Improves Net Income

remstaff &Globe Street | May 02, 2003

DESTIN, FL-Having relocating its corporate offices to Florida from Memphis, TN, the company posted $742,000 in Q1 net income versus a net loss of $3.7 million in the comparable 2002 period. John W. McConomy is the company's new SVP and general counsel.

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Getty Realty Grabs 41 Properties for $13M

Court Ruling Threatens to Delay Bishopsgate Scheme

Rouse Slows Forsyth Commons Schedule

General Growth Pays $88M for Peachtree Mall

Governor Signs Controversial Bill

Improvements in REIT Tax Laws on the Table

Penn National's Revenues Spike 46.7%; Legal Slots Could Up the Ante

EOP Sells US Bancorp Center in Minneapolis for $174M

GlobeSt.com EXCLUSIVE: Kraft Foods Federal Credit Union Leases 28,538 SF in Purchase

ResortQuest Improves Net Income

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