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Transition at the Helm of GLY Construction

remstaff &Globe Street | October 10, 2001

BELLEVUE, WA-Frank N. Young, Jr. has stepped down from the position of chairman and CEO, which he had held for decades. Up from president and into Young's shoes moves another long-time GLY fixture, Roger Anderson.

Soboroff Named New Chief at Playa Vista

remstaff &Globe Street | October 10, 2001

LOS ANGELES-The veteran developer and former mayoral candidate will take the reins at the 1,087-acre Westside project. Reputation as a consensus-builder should come in handy as the controversial project moves forward.

Avalon Bay Building 280-Unit Rental Project in Boston

remstaff &Globe Street | October 10, 2001

BOSTON-AvalonBay Communities reports it has begun construction on a 280-unit luxury rental housing project called "Avalon at Flanders Hill" here that is projected to cost more than $38 million to complete.

Puget Sound Retail Sector Shows Strength

remstaff &Globe Street | October 10, 2001

SEATTLE, WA-According to Colliers International, Puget Sound posted the "strongest overall vacancy numbers in three years," with mall performance and rental rates all looking strong. The area now looks to holiday sales.

AIMCO Projects FFO Boost Amid 'Uncertainty'

remstaff | October 10, 2001

DENVER-While admitting "uncertainty for the remainder of 2001 and for 2002," Apartment Investment and Management Co. says it expects third-quarter funds from operations to be up 5.7%.

$3.2 Mil Financing for Apartment Complex

remstaff &Globe Street | October 10, 2001

ATLANTIC CITY-The acquisition and permanent financing obtained by Wessex Management has a 10-year term and a 30-year amortization schedule.

Duke's 3Q Property Sales Hit $281 Mil

remstaff &Globe Street | October 10, 2001

INDIANAPOLIS-Duke Realty Corp. expects its $67 million in new developments to yield a stabilized return of 11.4% while its sales,including 1.02 million sf in Atlanta, were at a stabilized capitalization rate of 9.5%.

University Will Buy 80 Acres from Sarnoff

remstaff | October 10, 2001

WEST WINDSOR TWP., NJ-Designated for up to 800,000 sf of office space by the research organization, the site's eventual use hasn't been disclosed by Princeton University officials.

$4-Mil Loan for Self-Storage Properties

remstaff &Globe Street | October 10, 2001

DENVER-SecurCare Development Group, LLC's SecurCare Self-Storage properties at 3420 Vickers Dr., 777 S. Academy Dr. and 2005 King St. in Colorado Springs, CO. The properties total 1,302 self-storage units.

Lend Lease Sells Six Garden Apartment Communities

remstaff &Globe Street | October 10, 2001

BOSTON-Lend Lease Real Estate Investments Inc., reports it has sold six multifamily properties in California, Maryland, Massachusetts and Virginia for an undisclosed price.

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Transition at the Helm of GLY Construction

Soboroff Named New Chief at Playa Vista

Avalon Bay Building 280-Unit Rental Project in Boston

Puget Sound Retail Sector Shows Strength

AIMCO Projects FFO Boost Amid 'Uncertainty'

$3.2 Mil Financing for Apartment Complex

Duke's 3Q Property Sales Hit $281 Mil

University Will Buy 80 Acres from Sarnoff

$4-Mil Loan for Self-Storage Properties

Lend Lease Sells Six Garden Apartment Communities

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