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Glimcher Buys Out JV Partner at Two Malls

remstaff &Globe Street | November 20, 2002

HOUSTON-Ohio-based REIT, Glimcher Realty Trust has made good on a plan to buy out its joint venture partner at the Northwest and Almeda Malls in Houston. The firm has paid $5.5 million in cash and is assuming a $34.9-million mortgage on the properties.

Dubai Launches Monster Retail Masterplan

remstaff &Globe Street | November 20, 2002

CANNES-The Al-Futtaim Group has used MAPIC to launch the masterplan for Dubai Festival City, the largest mixed-use scheme in the Middle East. Spanning 1,200 acres, retailers who have signed for space include Ikea, Marks & Spencer and Toys 'R' Us

EPA Honors Wellington Neighborhood Project

remstaff &Globe Street | November 20, 2002

BRECKENRDIGE, CO-The 85-acre New Urbanism community a mile from the ski area's Downtown wins a National Award for Smart Growth Achievement from the US Environmental Protection Agency. The traditional neighborhood replaces a mining operation.

Bill Eases Burden on Multifamily Developers

remstaff &Globe Street | November 20, 2002

WASHINGTON, DC-Congress passes the FHA Downpayment Simplification Act of 2002--legislation that will eventually make it easier for developers to build affordable housing.

Palos Verdes Apts. Fetch $232,000 Per Unit

remstaff &Globe Street | November 20, 2002

PALOS VERDES, CA-The 215-unit complex overlooks multimillion-dollar homes in this ocean view community and is a unique property that "could not be duplicated today," says Melinda Russell of Hendricks & Partners.

City Grants Shoreline Permit for Hanjin Terminals Upgrade

remstaff &Globe Street | November 20, 2002

SEATTLE-The Port of Seattle now has the necessary approvals for a $71-million reconfiguration and redevelopment of Terminals 37, 42, and 46, which comprise one big container cargo facility leased by Hanjin Shipping Ltd.

Sunrise Harbor Community Sells for $90.6M

remstaff &Globe Street | November 20, 2002

FORT LAUDERDALE-Local developer Stiles-Ellis Ltd. sold the two-year-old, mixed-use complex with 352 apartment units and 7,000 sf of retail space to Lend Lease Real Estate Investments of Atlanta.

RIDA-Apollo-Omni Break Ground on $150M Hotel

remstaff &Globe Street | November 19, 2002

ORLANDO-The joint developers tell GlobeSt.com the 700-room joint venture, five miles south of Walt Disney World, is the largest hotel project begun in the United States since Sept. 11. ChampionsGate is a $750 million-buildout project.

$3M Mezz Loan Set for Apartment Buildings

remstaff &Globe Street | November 19, 2002

NEW BRUNSWICK, NJ-Arbor Commercial Mortgage arranged the funding for the two properties, which total more than 300 units here and in neighboring Highland Park.

Interstate Hotels HQ to Leave DC

remstaff &Globe Street | November 19, 2002

WASHINGTON, DC-Interstate Hotels & Resorts commits to relocating its headquarters from the District to Arlington with its recent signing of a lease on 68,000-sf at 4501 N. Fairfax Dr. The company will leave behind its 33,000-sf Washington, DC home at 1010 Wisconsin Ave.

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Glimcher Buys Out JV Partner at Two Malls

Dubai Launches Monster Retail Masterplan

EPA Honors Wellington Neighborhood Project

Bill Eases Burden on Multifamily Developers

Palos Verdes Apts. Fetch $232,000 Per Unit

City Grants Shoreline Permit for Hanjin Terminals Upgrade

Sunrise Harbor Community Sells for $90.6M

RIDA-Apollo-Omni Break Ground on $150M Hotel

$3M Mezz Loan Set for Apartment Buildings

Interstate Hotels HQ to Leave DC

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