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Correctional REIT Sees Rise in Revenue

remstaff &Globe Street | January 31, 2003

MIAMI-The Palm Beach Gardens, FL-based publicly traded Correctional Properties Trust also experienced its seventh consecutive quarter of increased funds from operations, compared to the same quarter the year before.

Tucker Closes on 500,000-SF Mall Buy

remstaff &Globe Street | January 31, 2003

BURTON, MI-Chicago suburban firm Tucker buys the Michigan asset from Cleveland-based Forest City Enterprises. Plans are to rebuild the center's parking lot and complete a variety of cosmetic improvements to the property.

Lakeview Center's 2nd Phase Picks Up Steam

remstaff &Globe Street | January 31, 2003

CRYSTAL LAKE, IL-The business park at the southeast corner of Rakow and Pingree roads is seeing building and sales of office space stemming from land sales by Northbrook, IL-based S&R LLC.

Shopping Centers Sell For $27.4 M

remstaff &Globe Street | January 31, 2003

BALTIMORE-Shopping centers prove to be hot properties as three retail properties sell for a total of $27.4 million with the help of KLNB Retail's brokerage team. Located in and around Baltimore County, the shopping centers account for 260,000 sf. of retail space.

Out-of-Town Giant Hercules Continues to Grow

remstaff &Globe Street | January 31, 2003

LONDON-Out-of-town retail specialist Hercules Unit Trust has bought two more UK retail parks in Oxford and Hamilton, Scotland, for pounds 73.75 million ($121 million), on top of the Chartwell land properties recently bought from retailer Kingfisher.

Trammell Crow Promotes Two

remstaff &Globe Street | January 31, 2003

AUSTIN-Stan Erwin goes from managing director to senior managing director while Max Moss becomes a vice president after being an associate in the 92-member Austin office. Erwin has been with the company since 1985. Moss joined in 2000.

Convention Center Hotel Moves Forward

remstaff &Globe Street | January 31, 2003

DENVER-While currently working on the $268 million expansion of the Colorado Convention Center, Hensel Phelps Construction Co. has now been selected to build the Convention Center Hotel.

Cafaro to Replace Lunsford as Ventas Board Chair

remstaff &Globe Street | January 31, 2003

LOUISVILLE, KY-Following the resignation of W. Bruce Lunsford, who is considering a run for governor, current board president and CEO Debra A. Cafaro agrees to wear yet another hat.

34,071-SF Main Street Retail Center Sells

remstaff &Globe Street | January 31, 2003

HOUSTON-Calx Ltd. of Houston is the new owner of the 610 Main Shopping Center, which will be getting a facelift along with the neighborhood. The 66%-leased center went for less than market value based on its rents, says the buyer's broker.

North Miami Village Calls for 5,000 Condos, Hotel

remstaff &Globe Street | January 31, 2003

MIAMI-Excavation has begun at the nearly 190-acre site of the future Biscayne Landing at North Miami, being developed by a joint venture between Boca Developers and Swerdlow Real Estate Group. The condos will sell for $250,000 to $1 million.

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Correctional REIT Sees Rise in Revenue

Tucker Closes on 500,000-SF Mall Buy

Lakeview Center's 2nd Phase Picks Up Steam

Shopping Centers Sell For $27.4 M

Out-of-Town Giant Hercules Continues to Grow

Trammell Crow Promotes Two

Convention Center Hotel Moves Forward

Cafaro to Replace Lunsford as Ventas Board Chair

34,071-SF Main Street Retail Center Sells

North Miami Village Calls for 5,000 Condos, Hotel

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