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57,718-SF Office Building Sells in NW Houston

remstaff &Globe Street | April 10, 2003

HOUSTON-A California-based limited liability company beats 11 other offers for 5600 Northwest Central Dr. A Lincoln Property partnership takes less than the $3.6-million asking price for the 85%-leased holding.

US Bank Inks $53M Lease at Library Tower

remstaff &Globe Street | April 10, 2003

LOS ANGELES-The MaguirePartners landmark skyscraper will be renamed US Bank Tower as part of a deal for 165,000 sf in a consolidation of the Southern California operations.

Denver-area Absorption Improves Dramatically

remstaff &Globe Street | April 10, 2003

DENVER-Though the metro office market showed negative absorption in 1Q03, it wasn't nearly as much as in the last quarter of 2002. In the current market, this counts as good news.

Developers Diversified Unloads Three Ohio Industrial Assets

remstaff &Globe Street | April 10, 2003

CLEVELAND-The three properties are located in different cities in Northern Ohio and total about 400,000 sf. They were sold to a private investor for approximately $14 million. Two of the buildings are fully leased and the third was recently vacated.

Avatar Reports Revenue, Net Income Gains

remstaff &Globe Street | April 10, 2003

MIAMI-The Coral Gables, FL-based real estate company grew net income from $3 million in 2001 to $5.6 million for 2002. Revenue increased from $157 million to $190.25 million for the same period.

State Supreme Court to Settle 36-Year Zoning Dispute

remstaff &Globe Street | April 10, 2003

PHILADELPHIA-Berwyn, PA-based developer Realen Properties again challenges

Non-Profit Proposes $32M Downtown Mixed-Use

remstaff &Globe Street | April 10, 2003

TRENTON, NJ-The EDC of Trenton project would combine office, retail and other uses on a site that's currently a parking lot. The organization is said to be talking to a major law firm about being the lead tenant.

City Corporation Gives Go-Ahead for London Stock Exchange Redevelopment

remstaff &Globe Street | April 10, 2003

LONDON-The City of London Corporation has resolved to grant planning permission for the 500,000-sf redevelopment of the London Stock Exchange site at Old Broad Street.

$10.3M Industrial Project to Rise in Chula Vista

remstaff &Globe Street | April 10, 2003

CHULA VISTA, CA-Developer McMahon Development Group and joint venture investor Buchanan Street Partners plan to break ground on the complex later this spring. Slated to rise at 3441 Main St., the project will encompass a total of 146,000 sf at completion.

Applebee's Sells 28 Restaurants to Franchisee

remstaff &Globe Street | April 10, 2003

ATLANTA-Bill Palmer, who founded the first Applebee's in 1980 in Atlanta and owns 28 locations in Georgia, will pay Applebee's International Inc. $8 million or an average $1 million each for eight restaurants. The deal is expected to close in the 2Q.

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57,718-SF Office Building Sells in NW Houston

US Bank Inks $53M Lease at Library Tower

Denver-area Absorption Improves Dramatically

Developers Diversified Unloads Three Ohio Industrial Assets

Avatar Reports Revenue, Net Income Gains

State Supreme Court to Settle 36-Year Zoning Dispute

Non-Profit Proposes $32M Downtown Mixed-Use

City Corporation Gives Go-Ahead for London Stock Exchange Redevelopment

$10.3M Industrial Project to Rise in Chula Vista

Applebee's Sells 28 Restaurants to Franchisee

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