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$11.2M Loan Buys San Antonio Complex

remstaff &Globe Street | February 20, 2003

SAN ANTONIO-KC Ventures of Kansas City, MO is the buyer; Sentinel Real Estate Corp. of New York is the seller. The trade is the 232-unit Wall Street Apartments, an 87%-occupied complex in the northwest submarket.

Encinitas Retail Center Changes Hands

remstaff &Globe Street | February 20, 2003

ENCINITAS, CA-Buyer CDMPY El Camino LLC and PLENC LLC purchases the property after securing a $10.7-million loan from Credit Suisse First Boston/Column Financial. Located at 141-215 S. El Camino Real, the shopping center is currently 91% leased.

Cornerstone Steps Up Its Southern Holdings with Merger

remstaff &Globe Street | February 20, 2003

RICHMOND, VA-Southern multifamily properties prove to be a hot ticket as Cornerstone Realty Income Trust Inc. enters into a merger deal in which it will acquire Georgia-based Merry Land Properties in a $136 million transaction.

1.7-Acre Buy Speeds Spec Project Start

remstaff &Globe Street | February 20, 2003

HOUSTON-JSWR Properties buys a third tract for a spec industrial building in the Interbelt North Business Center, where it's also under way with a build-to-suit. A warehouse project of 20,000 sf to 30,000 sf will begin in three or four months.

The Vidette Group Comes to eTown

remstaff &Globe Street | February 20, 2003

ROANOKE, VA-The Vidette Group, a strategic partner of America Online Yellow Pages, chooses the city's booming eTown district to be the company's new home. Vidette officials will spend $2.5 million to get the sales facility up and running in the InSystems Building.

Vacancy Rates Rose, Rents Stayed Same

remstaff &Globe Street | February 20, 2003

DETROIT-The 2002 office market continued its slump, similar to the national economy,

Cousins Shakes Up Executive Suite

remstaff &Globe Street | February 20, 2003

ATLANTA-Among the changes, Daniel M. DuPree leaves his CEO job at Barry Real Estate Cos. after two years and returns to Cousins as a vice president of development, while Tom G. Charlesworth becomes CFO.

Prologis Signs Lease with Giraud Logistique near Paris

remstaff &Globe Street | February 20, 2003

LONDON-ProLogis has agreed a lease with the French third-party distribution goup Giraud Logistique on a 213,000-sf building at its Cergy-Pontoise distribution park to the northeast of Paris.

Engineering Firm Changes HQ Address

remstaff &Globe Street | February 20, 2003

HOUSTON-Matrix Structural Engineers is unpacking in a 6,442-sf office at Loop Central One in the Southwest Freeway submarket in a relocation from 24 Greenway Plaza. Berry/Meredith & Co. and Lincoln negotiated the lease.

Donahue Schriber Names President

remstaff &Globe Street | February 20, 2003

COSTA MESA, CA-Patrick S. Donahue, a 24-year company exec, becomes president and COO. He is a brother of the late Dan Donahue, who was chairman and co-founder of the retail development firm.

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$11.2M Loan Buys San Antonio Complex

Encinitas Retail Center Changes Hands

Cornerstone Steps Up Its Southern Holdings with Merger

1.7-Acre Buy Speeds Spec Project Start

The Vidette Group Comes to eTown

Vacancy Rates Rose, Rents Stayed Same

Cousins Shakes Up Executive Suite

Prologis Signs Lease with Giraud Logistique near Paris

Engineering Firm Changes HQ Address

Donahue Schriber Names President

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