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Beltway Service Center Secures 22,000 SF

remstaff &Globe Street | July 18, 2002

HOUSTON-On the heels of signing on 11,019 sf in new leases, the Beltway Service Center projects in the southwest submarket have secured a substantial renewal and landed another new tenant.

Court Settles Seven Springs Owners' Sale Rights

remstaff &Globe Street | July 18, 2002

PHILADELPHIA-During four years of litigation, Vail, CO-based Booth Creek Holdings withdrew its offer of $88.5 million to purchase the Champion, PA-based Seven Springs Resort. Yesterday, the Pennsylvania Supreme Court

Movie Movers Spends $5.9M for Industrial Property

remstaff &Globe Street | July 18, 2002

SUN VALLEY, CA-With plans to relocate its operation from Van Nuys, a company that provides mobile facilities for the film industry acquires 65,000 sf in three buildings on six acres at 11473 Penrose St. in Sun Valley.

Newmark Taps 12 Studley Brokers for L.A. Expansion

remstaff &Globe Street | July 18, 2002

LOS ANGELES, CA-Newmark President James Kuhn tells GlobeSt.com the Studley brokers will staff new offices in Los Angeles, Orange and San Diego counties for the New York brokerage, which already has an office in Long Beach, Calif. and one in West Los Angeles.

Neighborhood Council Gives Boost to 28-Story Liberty Place

remstaff &Globe Street | July 18, 2002

BOSTON-Liberty Place, a 419-unit apartment building proposed for 660 Washington St., receives an endorsement from the Chinatown Neighborhood Council. The group recommends that the city approve the project.

W.P. Carey Buys US, Dutch Assets Totaling 467,000 SF

remstaff &Globe Street | July 18, 2002

NEW YORK CITY-The sale/leaseback specialist acquires two US and one Dutch facility. The deal is part of a record-setting quarter for the investment banking firm during which it closed $168 million worth of acquisitions.

Lend Lease Acquires 150,570-SF Building

remstaff &Globe Street | July 18, 2002

BOXBOROUGH, MA-Lend Lease Real Estate Investments Inc. purchases 80 Central St. on behalf of an undisclosed pension fund client. An industry source tells GlobeSt.com that the building sold for approximately $13.7 million or the low $90s per sf.

SEC Fines Pricewaterhouse Coopers $5M in Pinnacle and Avon Violations

remstaff &Globe Street | July 18, 2002

MIAMI-The Securities and Exchange Commission complaint charges the London-based accounting firm helped cell phone-site developer Pinnacle Holdings Inc. of Sarasota, FL set up $24 million in improper reserves of which Pinnacle capitalized $8.5 million in costs, including $6.8 million in fees paid to Pricewaterhouse Coopers.

450-Unit Ocean Crest Complex Trades at $54M

remstaff &Globe Street | July 18, 2002

CARLSBAD, CA-In one of the largest apartment deals of the year in the county, Universal Institutional Ventures 1 LLC buys the 97%-occupied Ocean Crest Apartments for $120,000 per unit.

Sun City Shopping Center Sold for $36.54 per SF

remstaff &Globe Street | July 18, 2002

ORLANDO-Sitting on the shores of Tampa Bay, the 130,000-sf, 99%-leased property was sold by Atlanta-based Watkins Group to Sun Point LLC for $4.75 million. The property is across the bay from St. Petersburg, FL and 80 miles west of Downtown Orlando.

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Beltway Service Center Secures 22,000 SF

Court Settles Seven Springs Owners' Sale Rights

Movie Movers Spends $5.9M for Industrial Property

Newmark Taps 12 Studley Brokers for L.A. Expansion

Neighborhood Council Gives Boost to 28-Story Liberty Place

W.P. Carey Buys US, Dutch Assets Totaling 467,000 SF

Lend Lease Acquires 150,570-SF Building

SEC Fines Pricewaterhouse Coopers $5M in Pinnacle and Avon Violations

450-Unit Ocean Crest Complex Trades at $54M

Sun City Shopping Center Sold for $36.54 per SF

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