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Shurgard Acquiring CSFB's 10.6% Stake in Shurgard Europe for $49.8M

remstaff &Globe Street | March 12, 2003

SEATTLE-The acquisition from Credit Suisse First Boston increases Shurgard Storage Centers' ownership of Shurgard Europe to more than 60%. Shurgard also announces it is acquiring a 16-property storage chain in Minnesota for 3.05 million shares of common stock.

$3.7M Refi Tied to Pending Triple Play

remstaff &Globe Street | March 12, 2003

FORT WORTH-AmeriSouth Realty closes a second refinancing in a week's time with Nomura Bank as it takes another step toward a 600-unit closing for three complexes. The 144-unit Plaza Apartments in Fort Worth secure a 10-year loan at 5.65% interest.

Nextel Partners Set to Open Three Dozen Retail Stores

remstaff | March 12, 2003

KIRKLAND, WA-The marketer of cellular service tells GlobeSt.com it has "pretty much wrapped up" its search for some 36 new store locations in 31 states as it seeks to tap into the high end consumer market.

Historic Coastal Property Fetches $713 per SF

remstaff &Globe Street | March 12, 2003

BALBOA ISLAND, CA-The 2,096-sf retail building at 201 Marine Ave. has brought one of the highest per sf returns for a comparable property on Balboa Island. The longtime real estate office sale closed at 6.8% cap rate.

Four Miami Apartment Buildings Sold

remstaff &Globe Street | March 12, 2003

MIAMI-City King Apartments LLC, Miami King Apartments LLC, the King's Apartments LLC and Paradise Apartments Inc.--all controlled by investor S. Chelminsky--bought the buildings for a total of more than $9.1 million from Kalla Investments and Kegi Investments.

Development Commission Expanding Lease Commitment at Parkside Center

remstaff | March 12, 2003

PORTLAND-The Portland Development Commission approved Wednesday a nearly three-fold increase in its lease commitment at Parkside Business Center, an office building located adjacent PDC's Downtown headquarters at the south end of Fourth Avenue.

Reckson Inks Three Leases for Nearly 29,000-SF in White Plains

remstaff &Globe Street | March 12, 2003

WHITE PLAINS-Reckson Associates Realty Corp. reports it has secured three lease deals totaling 28,932 sf at its office properties here in downtown White Plains.

First Meetings Scheduled for Land Use Council

remstaff &Globe Street | March 12, 2003

LANSING, MI-According to Gov. Granholm, this newly formed council will unearth better ways to plan development in Michigan to protect natural features.

Redeveloping Motels May Be No Easy Trick

remstaff &Globe Street | March 12, 2003

CHICAGO-Two developers have plans to turn the Lincoln and Patio Motels into townhouses and condominiums, which could have a combined value as much as $20 million. Acquiring the "cash cows" won't be easy, though, city officials concede.

Pharmaceuticals Firm Finds Home in Grayson County

remstaff &Globe Street | March 12, 2003

INDEPENDENCE, VA-Harvest Pharmaceuticals plans to open its new call center and distribution facility in the 40,000-sf Parson and Rives Building. The $3.3 million project will create about 30 new jobs and is expected to be fully operational before summer's end.

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Shurgard Acquiring CSFB's 10.6% Stake in Shurgard Europe for $49.8M

$3.7M Refi Tied to Pending Triple Play

Nextel Partners Set to Open Three Dozen Retail Stores

Historic Coastal Property Fetches $713 per SF

Four Miami Apartment Buildings Sold

Development Commission Expanding Lease Commitment at Parkside Center

Reckson Inks Three Leases for Nearly 29,000-SF in White Plains

First Meetings Scheduled for Land Use Council

Redeveloping Motels May Be No Easy Trick

Pharmaceuticals Firm Finds Home in Grayson County

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