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MCDA Names Interim Executive Director

remstaff &Globe Street | January 28, 2002

MINNEAPOLIS-Incoming Mayor R.T. Rybak plans a major reorganization of the city's development agencies in addition to appointing Chuck Lutz as interim head of the Minneapolis Community Development Agency.

New Law Gives Developers Three Years to Finish a Project

remstaff &Globe Street | January 28, 2002

TRENTON-Tired of a landscape dotted with unfinished projects, even in good times, state lawmakers have given towns the right to order them torn down.

Houston Looks Good From Capital Markets Standpoint

remstaff &Globe Street | January 28, 2002

HOUSTON-L.J. Melody's managing director, Tom Fish, says the city looks "terrific" in comparison to other markets. Investors' interest is high, financing is available and yes, underwriting is as tight in Houston as it is elsewhere.

I-55 Corridor Acreage Sells For $113,636 Per

remstaff &Globe Street | January 28, 2002

BOLINGBROOK, IL-Itasca, IL-based Hamilton Partners Inc. pays Aurora, CO-based developer ProLogis $5 million for 44 acres in the Corporate Crossing Business Park. The submarket remains active despite its 17% industrial vacancy rate.

REIT Closes $53-Mil Mall Refinancing

remstaff &Globe Street | January 28, 2002

CAMP HILL, PA-Morgan Stanley provided funding for the 600,000-sf Capital City regional mall. The transaction was provided by CB Richard Ellis-owned real estate investment banking firm L.J. Melody & Co.

Abrams Industries Unlikely to be Affected by Kmart's Woes

remstaff &Globe Street | January 28, 2002

ATLANTA-The Atlanta-based construction, real estate and energy management firm, says its construction division has completed all outstanding contracts for Kmart and has been paid.

Just-Completed Post Midtown Square Hits 86% Occupancy

remstaff &Globe Street | January 28, 2002

HOUSTON-Atlanta-based Post Properties wraps up construction on a 193-unit second phase amid 86% leasing for the high-rise luxury units. Post Midtown Square at 302 Gray Ave. near the CBD should be stabilized before the year's out.

Cappelli in Talks with Ritz Carlton in White Plains

remstaff &Globe Street | January 28, 2002

WHITE PLAINS-Developer Louis Cappelli told members of the White Plains Common Council Thursday evening that he is in discussions with the Ritz Cartlon Hotel Co. to develop a 200-room, five-star hotel at his City Center at White Plains project.

Equitable Life Sells Four Office Investments To Estates & General

remstaff &Globe Street | January 28, 2002

LONDON-Estates & General has snapped up a portfolio of four office buildings in Bracknell, Berkshire; Guildford, Surrey and Coventry, Warwickshire put on the market by troubled financial services group Equitable Life.

May Ground-Breaking Set for $1.8-Mil Retail Land Purchase

remstaff &Globe Street | January 28, 2002

PHOENIX-A Phoenix-based developer marks an inroad into Chandler's prosperous retail corridor along Alma School Road. The firm has just bought 3.9 acres to develop 34,000 sf of inline space for the Shoppes at Clemente Ranch.

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MCDA Names Interim Executive Director

New Law Gives Developers Three Years to Finish a Project

Houston Looks Good From Capital Markets Standpoint

I-55 Corridor Acreage Sells For $113,636 Per

REIT Closes $53-Mil Mall Refinancing

Abrams Industries Unlikely to be Affected by Kmart's Woes

Just-Completed Post Midtown Square Hits 86% Occupancy

Cappelli in Talks with Ritz Carlton in White Plains

Equitable Life Sells Four Office Investments To Estates & General

May Ground-Breaking Set for $1.8-Mil Retail Land Purchase

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