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Ashtenne Fund Grows with Pounds 40M Deal

remstaff &Globe Street | January 20, 2003

LONDON-The Ashtenne Industrial Fund Limited Partnership has added another #40 million ($64 million) of properties, bringing its purchases since January 2002 to over pounds 100 million ($160 million).

Law Firm Exercises Option to Buy in an $11.5M Deal

remstaff &Globe Street | January 20, 2003

RESTON, VA-The structure at 1950 Roland Clarke Place commands $11.5 million, or $150 per-sf, in a transaction between seller Cornerstone/Mass Mutual and buyer law firm Greenblum and Bernstein PLC.

FacilityPro's Sales Jump 400%

remstaff &Globe Street | January 20, 2003

ATLANTA-The locally based business consultant booked $6.2 million in 2002 revenue, increased staff to 171 and launched its Procurement Center of Excellence service within the manufacturing industry and the multifamily REIT marketplace.

Alameda Developer Undaunted by Economics

remstaff &Globe Street | January 20, 2003

ALAMEDA, CAA local developer is confident that his new $4.75 million hotel, which is being built in downtown Alameda, will be successful, despite the hotel industry's current economic condition.

Civic Center Campus Price Increases

remstaff &Globe Street | January 20, 2003

SEATTLESeattle officials plan to demolish the Public Safety Building site and build a new public plaza and underground parking garage, which will push the cost of the new Civic Center campus to nearly $300 million.

Law Firm Signs $1.1M Lease

remstaff &Globe Street | January 20, 2003

ORANGE, CA-Attorneys Booth, Mitchell & Strange renew their office lease with Arden Realty Inc. for 10,501 sf of office space at 701 S. Parker St.

Promo Merchandiser Leases 37,000 SF

remstaff &Globe Street | January 20, 2003

MONTVILLE, NJ-Rymax Marketing's new HQ and warehouse space here is nearly five times larger than its existing 7,500-sf space. Insignia/ESG arranged the transaction.

$5.7M Reels In 97,882-SF Industrial Building

remstaff &Globe Street | January 20, 2003

PHOENIX-A Las Vegas buyer takes over 1601 E. Broadway Rd., getting an asset with a renegotiated lease that keeps the property fully leased for 10 years. Flamingo-Jones uses a 1031 Exchange to buy the holding from Hohokam Resources of Scottsdale.

Planners to Decide Fate of Proposed Hospital

remstaff &Globe Street | January 20, 2003

SPRINGFIELD, OR-A controversial plan to build a $350-million regional medical center will get an airing before the planning commission on

David Associates Gets $14M Refinancing Loan

remstaff &Globe Street | January 20, 2003

MIAMI-The development company is refinancing three office buildings totaling 176,567 sf in Palm Beach County, FL. SouthTrust Bank is providing the five-year, adjustable-rate loan in a deal arranged by Holliday Fenoglio Fowler LP.

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