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Retail Investment: Strong on Interest, Light on Opportunity

remstaff &Globe Street | March 28, 2002

SEATTLE, WA-As long as interest rates remain somewhere in the 7's, Paul Sleeth of Colliers International says demand for retail investment product will remain strong. The bottle neck in deal flow in Puget Sound, however, continues to be lack of product.

Get Back to Basics, Multifamily Owners Advised

remstaff &Globe Street | March 28, 2002

DENVER-Washers and dryers, concierge services, homebuyer programs and health club facilities offer the biggest bang for the buck for multifamily rental owners looking to improve their properties, says Greg Gulley, president of Omni Properties.

Houston's Multifamily Market Shining Brightly, For Now

remstaff &Globe Street | March 28, 2002

HOUSTON-Integra Realty Resources, M/PF Research and Cushman & Wakefield of Texas' valuation team all concur that Houston is a shining star in the multifamily sector. But will it continue its momentum?

Citifinancial Leases Space at James Center

remstaff &Globe Street | March 28, 2002

TACOMA, WA-The consumer-lending chain Citifinancial is scheduled to open its doors at the 140,000-sf mall here in August, joining Fred Meyer, Hollywood Video, Rite Aid, IHOP, Starbucks, and Kinko's.

Showroom Property Sells for $2.4M

remstaff &Globe Street | March 28, 2002

SAN DIEGO-A 21,100-sf retail showroom in the Kearny Mesa area of the city has been sold to a limited-liability partnership. The one-acre property is located at 7475 Clairemont Mesa Boulevard.

Trillium Dials Up Mobile Phone Outsourcing Deal

remstaff &Globe Street | March 28, 2002

LONDON-Telereal Ventures, the joint venture between Land Securities Trillium and the William Pears Group has agreed an outsourcing deal with mobile telecoms operator O2 to take over the management of 8,000 properties across the UK.

Next Moves to Acquire Wabash Associates

remstaff &Globe Street | March 28, 2002

CHICAGO-With former SportMart CEO Andrew Hochberg already a managing principal, Next Realty adds to its retail brokerage operations by acquiring Wabash Associates Inc., including former president Barry Schain, involved in a recent Evanston theater project.

Crestline Merges With Spanish Hotelier in $602M-Deal

remstaff &Globe Street | March 28, 2002

BETHESDA, MD-Hotel real estate company Crestline Capital Corp. will become part of Palma de Mallorca, Spain-based Barcelo Hotels and Resorts in a $601.8-million acquisition. Executives from both organizations expect the deal to close by June 30. The new company is to be called Barcello Crestline.

$4.6M Expansion Project Wraps Up

remstaff &Globe Street | March 28, 2002

ANAHEIM, CA-The expansion of the Caliber Motors Inc. Mercedes-Benz Center, which began in July of last year, is now complete. The new addition consists of a 37,000-sf automobile service building with rooftop parking

Mall of America Gets $100M Terrorism Coverage

remstaff &Globe Street | March 28, 2002

BLOOMINGTON, MN-Two policies, one for the 4.2-million-sf "mega-mall" and the other for the rest of Simon Property Group's portfolio, stems from GMAC Commercial Mortgage's lawsuit aimed at forcing the property owners to insure Mall of America against terrorism.

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