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Mortgage Firm Lines Up 2,018 SF

remstaff &Globe Street | January 24, 2003

HOUSTON-Network Funding has reserved the office space in Northchase Center in a deal put together by NAI Partners and PM Realty Group. The new deal puts occupancy at 87% for the 130,400-sf building in the northwest submarket.

Heritage Property Acquires Four Shopping Centers for $81.6M

remstaff &Globe Street | January 24, 2003

BOSTON-Heritage acquires four community shopping centers with approximately 1.5-million sf of gross leasable area, increasing the locally based REIT's shopping center portfolio to 153 properties.

Paulucci Unloading Prime Dirt in Seminole County

remstaff &Globe Street | January 24, 2003

ORLANDO-The 84-year-old frozen food magnate is selling one of the two parcels for $1 million per acre or $22.96 per sf. Colonial Properties Trust and CNL Financial Group Inc. are interested, area brokers tell GlobeSt.com.

Bankruptcy May Affect Local REITs

remstaff &Globe Street | January 24, 2003

NEWPORT BEACH, CA-Real estate investment trusts here and in Oxnard, CA say they receive significant revenues from Milwaukee-based Alterra Corp., which filed for bankruptcy protection this week.

Three-Building Warehouse Project Sells for $1M

remstaff &Globe Street | January 24, 2003

MIAMI-701 Minor Road LLC paid $59.37 per sf to the Norbert R. McNamara Jr. Trust for the 16,000-sf project in Hypoluxo, FL. The buildings, which are 100% occupied, are more than 25 years old.

Trust Buys Bankrupt House2Home's Facility

remstaff &Globe Street | January 24, 2003

CANOGA PARK, CA-The new owner acquires the 98,400-sf industrial building for $5.33 million from House2Home, which fiiled for bankruptcy in 2001. The property was built in the 1960s.

Walgreen Dumping 552,000 SF on Hard-Hit Industrial Market

remstaff &Globe Street | January 24, 2003

ORLANDO-The Deerfield, IL-based retailer is vacating its 22-year-old, 180-employee Orlando distribution center and moving in March to its 690,000-sf property in Jupiter, FL, about 150 miles south of Downtown in Martin County.

CenterPoint May Have Intermodal Three-Peat

remstaff &Globe Street | January 24, 2003

OAK BROOK-After developing the 621-acre, $54.5-million Burlington Northern Santa Fe intermodal facility in Elwood, IL, and overseeing the $181-million, 1,230-acre facility in Rochelle, IL, for the Union Pacific Railroad, CenterPoint Properties Trust officials reveal they're in talks involving a similar project.

New Consulting Firm Puts Spotlight on Mold

remstaff &Globe Street | January 24, 2003

NEW YORK CITY-Formed by two NYC construction/environmental lawyers, Sitomer Environmental is setting is focus on reducing mold-related risks in the real estate sector.

GlobeSt.com EXCLUSIVE: Cushman Co-Opts Eastern Consolidated Group

remstaff &Globe Street | January 24, 2003

NEW YORK CITY-The industry's musical chairs continue. While C&W's Texas-based industrial investment team <a href="http://www.globest.com/RMI9UOWZZAD.html">has left</a>, the firm beefs up in other areas. Three homerun-hitting specialists in class B building transactions come to C&W to focus on $10-million to $30-million deals.

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Mortgage Firm Lines Up 2,018 SF

Heritage Property Acquires Four Shopping Centers for $81.6M

Paulucci Unloading Prime Dirt in Seminole County

Bankruptcy May Affect Local REITs

Three-Building Warehouse Project Sells for $1M

Trust Buys Bankrupt House2Home's Facility

Walgreen Dumping 552,000 SF on Hard-Hit Industrial Market

CenterPoint May Have Intermodal Three-Peat

New Consulting Firm Puts Spotlight on Mold

GlobeSt.com EXCLUSIVE: Cushman Co-Opts Eastern Consolidated Group

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