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LNR Beats Street for 16th Consecutive Quarter

remstaff &Globe Street | January 16, 2002

MIAMI-The four-year-old spinoff from Lennar Corp. posted fourth-quarter net earnings of $33.56 million or $1.02 per diluted share, up 28% over $27.9 million or 80 cents per share in the same period last year.

Financing Arranged For Greens at Inverness

remstaff &Globe Street | January 16, 2002

DENVER-A life insurance company provides Yale Place Partnership LLP with a $5.5-million loan on the two-building, 64,051-sf Greens at Inverness office complex. NorthMarq Capital vice president Charlie Webb arranges the loan.

64,000 SF of Industrial and Office Space is on the Market

remstaff &Globe Street | January 16, 2002

JERSEY CITY-Eden Wood Realty owns the space, which is situated within the 500,700-sf West Side Industrial Park, and is marketing it for multiple tenants.

First Industrial Gets Approvals for 250,000 SF

remstaff &Globe Street | January 16, 2002

LAWRENCEVILLE, NJ-The REIT plans to build a five-building flex campus on a 30-acre site in the Princeton market, and is looking to do the project as a build-to-suit.

$5.5-Mil Refinancing Clears for SW Houston Complex

remstaff &Globe Street | January 16, 2002

HOUSTON-Mikob Properties of Houston gets a $5.5-million loan from Freddie Mac for its 135-unit second phase to the 316-unit Kensington Club Apartments in Southwest Houston. A NorthMarq Capital team in Houston arranged the refinancing.

Convention Center's Expansion Cost Raises County's Debt to $2.09 Bil

remstaff &Globe Street | January 16, 2002

ORLANDO-New figures released by Orange County comptroller Martha Haynie show anticipated tourist development tax revenue in 2001 wasn't enough to cover the debt load for the one million-sf, $748 million expansion of the four million-sf meeting and exhibition complex.

C&W Gets Exclusive for 136,000-SF Building

remstaff &Globe Street | January 16, 2002

CHERRY HILL, NJ-The class A asset, owned by an affiliate of Philadelphia-based Berwind Property Group, is already home to such tenants as GE and Campbell Soup.

Public Gets First Peek at Plans for New Microsoft Campus

remstaff &Globe Street | January 16, 2002

ISSAQUAH, WA-Microsoft Corp. has moved on its Issaquah Highlands campus in fits and starts, impeded by permit and infrastructure issues. In another step forward, the public finally got a view of the concept at a permit hearing this week.

United Properties Adds To Its Retail Group

remstaff &Globe Street | January 16, 2002

BLOOMINGTON, MN-United Properties has joint venture with Lutheran Brotherhood to build and buy grocery store-anchored retail projects. Keith Ulstad joins the effort after helping Oppidan, Inc. develop grocery-anchored shopping centers and single-user retail facilities.

Beware of Enron, UAL Fallout, Brokers Warned

remstaff &Globe Street | January 15, 2002

CHICAGO-The fortunes of Enron and UAL could have an effect on the local real estate market, DePaul University finance professor and futurist William Poppei says during Grubb & Ellis' 2002 real estate forecast.

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LNR Beats Street for 16th Consecutive Quarter

Financing Arranged For Greens at Inverness

64,000 SF of Industrial and Office Space is on the Market

First Industrial Gets Approvals for 250,000 SF

$5.5-Mil Refinancing Clears for SW Houston Complex

Convention Center's Expansion Cost Raises County's Debt to $2.09 Bil

C&W Gets Exclusive for 136,000-SF Building

Public Gets First Peek at Plans for New Microsoft Campus

United Properties Adds To Its Retail Group

Beware of Enron, UAL Fallout, Brokers Warned

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