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DDR to Purchase Two Retail Centers

remstaff &Globe Street | January 08, 2002

SAN DIEGO-A retail real estate company announced it has filed a registration statement with the Securities and Exchange Commission relating to the possible issuance of up to 2.8 million common shares to help pay for two California retail assets from San Diego-based Burnham Pacific Properties Inc.

Stride Rite Plans 50 Stores, Severs Ties with Federated

remstaff &Globe Street | January 08, 2002

LEXINGTON, MA-Stride Rite Corp. will open 50 retail properties, implementing its plan to sever ties with Federated Department Stores. The company currently leases space within the children's shoe departments of Federated stores.

Great Lakes Adds Professor to Board

remstaff &Globe Street | January 08, 2002

OAK BROOK, IL-University of Chicago Graduate School of Business clinical professor of entrepreneurship and strategy James Schrager joins the board of trustees of the Midwest suburban office REIT.

Johnson Capital Arranges $12-Mil Loan

remstaff &Globe Street | January 08, 2002

IRVINE, CA-The Irvine office of the real estate advisory firm arranges the permanent loan for the Spectrum 8 Distribution Building in Chino. The 400,010-sf facility is part of the master planned industrial park known as The Majestic Spectrum.

NRG Energy Starts Construction on $450 Mil Power Plant

remstaff &Globe Street | January 08, 2002

HOLMESVILLE, MS-NRG Energy Inc. of Minneapolis has started construction on a $450 million natural gas power plant in Mississippi. When completed, the 1,200 megawatt plant will employ 20. Shaw Constructors of Baton Rouge, LA is the general contractor.

As Predicted, Good Guys Prepares to Close Stores

remstaff &Globe Street | January 08, 2002

PORTLAND-Two weeks after GlobeSt.com breaks news that Good Guys is trying to get out from under nine of its leases in Oregon and Washington, the consumer electronics retailer announces it will close five of its 14 stores in the two states.

Hotel Executive Takes Helm At Visitors Bureau

remstaff &Globe Street | January 08, 2002

DENVER-Sage Hospitality Resources president, chief executive officer and co-founder Walter Isenberg replaces Coors Brewing Co. vice president of public affairs Al Timothy as chairman of the Denver Metro Convention & Visitors Bureau.

Perini Bests Competition for $180-Mil Arena Contract

remstaff &Globe Street | January 08, 2002

GLENDALE, AZ-Perini Building Co. wins the face-off to build the $180-million Phoenix Coyotes' arena. The game book calls for a 2003-04 season opening and coming in on budget. It's too early to say when ground will break, says the project manager.

TIF Could Rebuild South Side Blues District

remstaff &Globe Street | January 08, 2002

CHICAGO-In addition to $110 million in subsidies, designation of a 570-acre around E. 47th Street and S. King Drive as a tax increment financing district could bring a Second City venue to Grand Boulevard.

Dowhaniuk Leaves TC to Quarterback for Staubach

remstaff &Globe Street | January 08, 2002

PORTLAND-Four years after leaving Grubb & Ellis to kick-start a Portland retail division for Trammell Crow Co., local broker Ron Dowhaniuk has left Trammell to do the same for The Staubach Co.

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