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Collateral Mortgage Finds $11M Loan for MS Developer

remstaff &Globe Street | February 22, 2002

BIRMINGHAM, AL-The locally based mortgage banker closed the 6.6%, 10-year deal on a fast-track 53 days for a Dawn Properties affiliate, owner of the 220-unit, class A, 97%-leased garden-style Lexington at Ridgeland Apartments in Ridgeland, MS. Fannie Mae DUS is the lender.

Ward's 160,000-SF Industrial Building Sold

remstaff &Globe Street | February 22, 2002

BERKELEY, IL-The building at 5750 McDermott Dr. is acquired by Chicago-based Bridge Development Partners, LLC, which obtains a $3-million mortgage from LaSalle Bank. Bridge Development already has a broker lined up for its eventual sale.

GlobeSt.com UPDATE: Atlanta Court Rules Against Pizza Hut

remstaff &Globe Street | February 22, 2002

ORLANDO-The 11th District Court of Appeals says the Orlando federal judge was wrong in throwing out a $1.25 million jury award won by an African-American Brevard County family who sued after a receipt with the delivery of a $10 pizza contained a racial slur.

Union Bank Improvements Are Done

remstaff &Globe Street | February 22, 2002

SAN DIEGO-Bycor General Contractors Inc. has finished tenant improvements for Union Bank of California9s Residential Lending Department. Work included the addition of storefront glass as well as a complete interior remodel and parking lot

Multifamily Wins January Permit Pulling

remstaff &Globe Street | February 22, 2002

SAN DIEGO-A new report finds commercial construction slowed in San Diego County for January. New commercial construction in January amounted to just $5 million, roughly $65 million less than one year ago.

ProLogis Completes Speculative Hams Hall Development

remstaff &Globe Street | February 22, 2002

BIRMINGHAM-Logistics property specialist ProLogis has completed one of the largest speculative sheds currently available in the UK, the 160,000-sf Unit 2 at Hams Hall, north-east of Birmingham.<P>

Senators Propose $120M in State Construction

remstaff &Globe Street | February 22, 2002

OLYMPIA, WA-In an effort to jumpstart the state's lackluster economy, state Sens. Darlene Fairley, a Democrat, and Joseph Zarelli, a Republican, have proposed new construction projects as part of the state capital budget.

Site Chosen for New $95M Courthouse

remstaff &Globe Street | February 22, 2002

RICHMOND, VA-A downtown site at the corners of Broad and Seventh streets, and Grace and Eighth streets is to be the home of the new $95-million courthouse. The US General Services Administration in Philadelphia chose the spot for the 280,000-sf structure after consulting with a bevy of community organizations.

CalSTRS Reaches Out to Granite Partners' Houston Team

remstaff &Globe Street | February 22, 2002

HOUSTON-A Houston team for Granite Partners heads up a new initiative by CalSTRS to seek outside advice on investments. Granite's Richard Rudd and Robert Williamson lead the team for the plum assignment.

Acuity Brands Signs 408,600-SF, $18M Lease

remstaff &Globe Street | February 22, 2002

ATLANTA-Pannatoni Development Co. of Sacramento, CA has its new Kendall Distribution Center at 105 Kendall Park Lane fully leased at average asking rent of $3 per sf. Acuity moves into the space in May.

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Collateral Mortgage Finds $11M Loan for MS Developer

Ward's 160,000-SF Industrial Building Sold

GlobeSt.com UPDATE: Atlanta Court Rules Against Pizza Hut

Union Bank Improvements Are Done

Multifamily Wins January Permit Pulling

ProLogis Completes Speculative Hams Hall Development

Senators Propose $120M in State Construction

Site Chosen for New $95M Courthouse

CalSTRS Reaches Out to Granite Partners' Houston Team

Acuity Brands Signs 408,600-SF, $18M Lease

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