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Insurer Readies Move to Glendale

remstaff &Globe Street | October 04, 2001

GLENDALE, CA-Arthur J. Gallagher & Co. signs 15-year deal valued at more than $12 million for 45,000 sf of office space at 505 N. Brand office complex. Investment arm of CB Richard Ellis acquired the building for $55 million last year.

$6 Mil in Financing Arranged for Condo-Office Development

remstaff &Globe Street | October 04, 2001

SOMERVILLE, MA-Fantini & Gorga/iCap Realty Advisors arranges $6 million in construction financing for Park Loft Condominiums, a mixed-use development here. Despite the current economic climate, a spokesman for the company tells GlobeSt.com that arranging financing for similar developments is not difficult.

Fox River To Sell Gilbert Paper's Mill

remstaff &Globe Street | October 04, 2001

APPLETON, WI-Fox Valley Paper's parent company, Mead Corp., will take a pretax charge of $24 million in the deal. It will shut down Gilbert Paper Co.'s paper mill in nearby Menasha by the end of the year.

New Battery Park Apartment Tower Closes $58 Mil Mortgage

remstaff &Globe Street | October 04, 2001

NEW YORK CITY-A $58-million leasehold mortgage for a luxury apartment tower in Battery Park City closed this week. The residential tower was completed earlier this year with the closing originally scheduled for September 12. The lenders say the fast-tracked financing shows a commitment to the future of Downtown Manhattan.

CenterPoint Property Sales Hit $93 Mil

remstaff &Globe Street | October 04, 2001

OAK BROOK, IL-Suburban Cook County and DuPage County remain popular locations with both institutional investors and limited partnerships, according to recently-closed deals by CenterPoint Properties Trust.

Anaheim Placed on S&P Credit Watch List

remstaff &Globe Street | October 04, 2001

ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.

GlobeSt.com UPDATE: Cracker Barrel Nears Deal at Airport Site

remstaff &Globe Street | October 04, 2001

LEESBURG, FL-The Lebanon, TN-based restaurant chain wants to build a 184-seat, 9,984-sf off-runway location for an estimated $650,000 on 3.35 acres that would provide a quick entrance for pilots and passengers alighting at this city-owned airport, 45 miles northwest of Downtown Orlando.

Colorado Investors Pay $2.1 Mil for 45-Unit Complex

remstaff &Globe Street | October 04, 2001

MESA, AZ-A Colorado couple put up $2.1 million or $46,666 per unit for the Sunland North Apartments, a 45-unit holding in Mesa. A private investor from Fountain Hills, AZ is the seller in the deal structured by a Marcus & Millichap broker.

Woodruff Heads Bowers Co. Affiliate

remstaff &Globe Street | October 04, 2001

ATLANTA-Terry Hartigan moves to chairman's suite from the president's office at RB Development Services Inc., a company that plans to do third-party development deals for the first time.

Polaroid Considers Relocating Headquarters

remstaff &Globe Street | October 04, 2001

CAMBRIDGE, MA-Polaroid Corp., which has had a presence in this city for over 60 years, may move its headquarters out of the area. The instant photography company has been struggling financially and is looking to generate cash from its real estate portfolio.

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Insurer Readies Move to Glendale

$6 Mil in Financing Arranged for Condo-Office Development

Fox River To Sell Gilbert Paper's Mill

New Battery Park Apartment Tower Closes $58 Mil Mortgage

CenterPoint Property Sales Hit $93 Mil

Anaheim Placed on S&P Credit Watch List

GlobeSt.com UPDATE: Cracker Barrel Nears Deal at Airport Site

Colorado Investors Pay $2.1 Mil for 45-Unit Complex

Woodruff Heads Bowers Co. Affiliate

Polaroid Considers Relocating Headquarters

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