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BP Refinery Sells for $127.5M, Excluding Contents

remstaff &Globe Street | February 20, 2002

YORKTOWN, VA-The UK-based oil company sells its 600-acre crude oil refinery to Scottsdale, AZ's Giant Industries, Inc. for a whopping $127.5 million; a figure that does not include the additional $42 million Giant will pay for the facility's contents. An Amoco Corp. property until BP's acquisition of the company in 1999, the refinery is the only one in the entire state of Virginia.

RealEnergy Completes Record Power Install

remstaff &Globe Street | February 20, 2002

WOODLAND HILLS, CA- The 1,000 KW on-site combined heat and power (CHP) plant will provide a significant amount of power and heat for Two Towne Center, a 726,893-sf development by CommonWealth Partners/CalPERS located in the heart of Orange County's business and retail district in Costa Mesa, Calif.

Wanted: California Companies to Bring Jobs to Austin

remstaff &Globe Street | February 20, 2002

AUSTIN-Next week, a 40-member Austin delegation heads to California to recruit business as was done in the late 1980s and early 1990s. Chamber officials, real estate and construction companies and the University of Texas will be making the pitch.

Extended Stay Wins Design Approval for Aurora Project

remstaff &Globe Street | February 20, 2002

SEATTLE-Extended Stay America Inc. plans to develop a 131-unit hotel one block east of Aurora on Stone Avenue North, between 131st and 135th streets. If no one appeals the decision, the city's next step would be to issue a final decision on the Master Use Permit.

Multifamily Popular in Macomb County Suburb

remstaff &Globe Street | February 20, 2002

STERLING HEIGHTS, MI-New condominium and commercial projects going up in this populous, and prosperous, suburb. Cueter Properties Inc. accounts for three condominium and commercial plans, worth $75 million, on the drawing board.

Apartment Owners Launch Joint Marketing Effort

remstaff &Globe Street | February 20, 2002

SEATTLE-A coalition of 25 major downtown properties is set to shell out $25,000 per month to jump-start a marketing campaign designed to entice more Seattleites to become urban, apartment dwellers.

Auto Row Land Prices in West End Escalating

remstaff &Globe Street | February 20, 2002

ORLANDO-Resham Lally and his son, Raj paid Byron "Sonny" King III $5 million or $1.73 million per acre ($39.72 per sf) for the 73-year-old, 2.89-acre Orange Buick-GMC Truck Co. business at 3883 W. Colonial Dr., the largest industrial deal of its kind in the last 10 years, according to Orange County Property Appraiser records.

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BP Refinery Sells for $127.5M, Excluding Contents

RealEnergy Completes Record Power Install

Wanted: California Companies to Bring Jobs to Austin

Extended Stay Wins Design Approval for Aurora Project

Multifamily Popular in Macomb County Suburb

Apartment Owners Launch Joint Marketing Effort

Auto Row Land Prices in West End Escalating

$275,000 Project Building High-Tech Mega-Hub

ProLogis Buys 1.3MSF in Great Southwest

Frankfurt's MesseTurm Landmark Changes Hands

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