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Countryside Boosts Landbank with Five Acquisitions

remstaff &Globe Street | January 28, 2003

LONDON-Countryside Properties has boosted its landbank in the north-west with the acquisition of five brownfield sites with the potential to be developed into over 500 houses and flats.

Int'l Multifoods Closes on 650,000-SF Industrial Buy

remstaff &Globe Street | January 28, 2003

TOLEDO, OH-Readymade cake frostings, baking mixes and pancake mixes will be produced at the former General Mills facility. The property was acquired as part of International Multifoods 2001 buyout of Pillsbury's dessert and specialty products business.

Starwood Debuts 511-Room China Hotel

remstaff &Globe Street | January 28, 2003

HAINAN ISLAND, CHINA-Located on a four-mile stretch of Yalong Bay beachfront property, the Sheraton Sanya Resort features 49 suites, a 21,500-sf spa and function space for 1,400 guests.

Aberdeen Sells $90M Portfolio to Siemens Fund

remstaff &Globe Street | January 28, 2003

LONDON-Aberdeen Property Investors has sold its Sunshine mixed-use portfolio to Siemens Benefits Scheme Limited, for around pounds 56 million ($91million) reflecting an initial yield of around 7.5%.

Lehigh Valley Industrial Market Improvement Seen

remstaff &Globe Street | January 28, 2003

PHILADELPHIA-Rental rates should increase to the vicinity of $4 per sf, predicts Insignia/ESG managing director William Wolf, as the US economy improves. Fulfillment and third-party logistics firms are expected to be in the market.

$111M Wins Burbank Center

remstaff &Globe Street | January 28, 2003

BURBANK, CA-Crown Realty & Development will buy the 1.2-million-sf Media City Center regional mall from San Diego's Pan Pacific REIT, which came by the deed through the Jan. 17 takeover of Center Trust.

Research Firm Heads to Westchase

remstaff &Globe Street | January 28, 2003

HOUSTON-UMRA Associates takes 6,782 sf in a suburban office building at 12000 Richmond Ave., a 66%-occupied, 72,695-sf building owned by Zenith Real Estate. The new tenant collates general consumer and medical research.

REIT Buys Saddleback Medical Property

remstaff &Globe Street | January 28, 2003

LAGUNA HILLS, CA-Chicago-based Lillibridge acquires the 136,000-sf Saddleback Valley Medical Center from a private investor. The buyer won't say, but market sources claim the asset brought about $30 million.

State Set to Expand "Transit Village" Program

remstaff &Globe Street | January 28, 2003

TRENTON, NJ-As part of his administration's effort to control sprawl, Gov. McGreevey announced, this week, a plan to boost the number of state-supported projects from seven to 14.

Atrium Tenant Renews, Expands in $1.3M Deal

remstaff &Globe Street | January 28, 2003

PLANO, TX-Symon Communications re-ups 8,688 sf and adds 4,367 sf in a six-year agreement for the Atrium at Collin Ridge. In a Dallas expansion, a CPA firm relocates to a St. Paul Properties office building along Hillcrest.

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Countryside Boosts Landbank with Five Acquisitions

Int'l Multifoods Closes on 650,000-SF Industrial Buy

Starwood Debuts 511-Room China Hotel

Aberdeen Sells $90M Portfolio to Siemens Fund

Lehigh Valley Industrial Market Improvement Seen

$111M Wins Burbank Center

Research Firm Heads to Westchase

REIT Buys Saddleback Medical Property

State Set to Expand "Transit Village" Program

Atrium Tenant Renews, Expands in $1.3M Deal

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