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John Q. Hammons Unveils 287-Room Houston Hobby Marriott

remstaff &Globe Street | July 30, 2002

HOUSTON-A new sign goes up on the former Radisson Hotel and Conference Center at Hobby Airport. The 287-room hotel now carries a Marriott flag, a branding that followed a $4.5-million overhaul of the 1985 product.

Location Boosts Madison Multifamily LTV

remstaff &Globe Street | July 30, 2002

MADISON, WI-A package of 129 units over three developments is financed at 7%, and at 80% loan-to-value, primarily because of their location in this strong multifamily market, home of the University of Wisconsin and the state capital.

Office Facility Secures $4.1M Bridge Loan

remstaff &Globe Street | July 30, 2002

ANAHEIM, CA-Buchanan Street Partners arranges the bridge financing for Leed Metro Center, a 33,000-sf office building in Anaheim. The money will be used to convert the facility from multi-tenant use to single-tenant occupancy by the County of Orange Probation Department.

Richmond's InfraCor Appoints Acting Chief

remstaff &Globe Street | July 30, 2002

ATLANTA-In the wake of deteriorating revenue, which fell 41% for the fiscal year ending March 31, 2002, and the resignation of its president and chief executive, the Richmond, VA-based construction company names its controller acting president and chief executive.

NHP Sees Second Quarter Improvement

remstaff &Globe Street | July 30, 2002

NEWPORT BEACH, CA-Although still below last year's figures, Nationwide Health Properties Inc.'s results for second quarter 2002 show an improvement over the REIT's first quarter performance. Funds from operations was $21,996,000 or $0.45 per diluted share, as compared with last quarter's FFO, which was $21,051,000 or $0.44 per diluted share.

Miller Birch Unveils Plans for 900,000 SF Nottingham Scheme

remstaff &Globe Street | July 30, 2002

LONDON-Miller Birch has announced plans for a 900,000-sf business park after buying the 38-acre former BAe Systems site on the edge of Nottingham city centre.

CBRE Looks Outside for New European Chief

remstaff &Globe Street | July 30, 2002

LONDON-CB Richard Ellis has appointed accountant Vaughan Thomas as its Europe, Middle East and Africa (EMEA) President. Thomas will succeed Jim Reid who will be returning to run CBRE's Eastern US operations.

Sales, Leases and Developments Roll Along

remstaff &Globe Street | July 30, 2002

DETROIT-Bucking the sliding economy, Southeastern Michigan continues to see commercial real estate deals, from a 15,000-sf light assembly facility in Wixom, MI to four retail centers being redeveloped by Ramco-Gershenson Properties Trust.

Norstan, TIAA Ink Five-Year Lease Valued at $2.4M

remstaff &Globe Street | July 30, 2002

PHOENIX-The Minnesota telecommunications firm will move into 22,440 sf in November at the Biltmore Commerce Center in the Camelback Corridor. CB Richard Ellis teams represent both sides of the deal.

Zell to Hold Equity Office Reins a Bit Longer

remstaff &Globe Street | July 30, 2002

CHICAGO-Despite interviews with well-qualified candidates from within the industry and outside real estate, chairman Sam Zell says a decision on a new president and chief executive might not be made until the end of the year.

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John Q. Hammons Unveils 287-Room Houston Hobby Marriott

Location Boosts Madison Multifamily LTV

Office Facility Secures $4.1M Bridge Loan

Richmond's InfraCor Appoints Acting Chief

NHP Sees Second Quarter Improvement

Miller Birch Unveils Plans for 900,000 SF Nottingham Scheme

CBRE Looks Outside for New European Chief

Sales, Leases and Developments Roll Along

Norstan, TIAA Ink Five-Year Lease Valued at $2.4M

Zell to Hold Equity Office Reins a Bit Longer

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