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London Hotels Feeling the Pinch

remstaff &Globe Street | September 05, 2001

LONDON-The US-led economic slowdown is finally having an impact on London's hotels according to research released today. Agency Jones Lang LaSalle Hotels says that both occupancy and room rates are starting to dip.

Snyder's to Buy Drug Stores for $21 Mil

remstaff &Globe Street | September 05, 2001

MINNETONKA, MN-The buyout by Snyder's Drug Stores is part of Drug Emporium's bankruptcy reorganization plan. Drug Emporium owns and operates 77 stores. Snyder's owns and operates 81 outlets.

88,000-SF Suburban Kohl's Store Going on Market

remstaff &Globe Street | September 05, 2001

LAKE ZURICH, IL-New York-based Sonnenblick-Goldman Co. expects a sales price north of $9 million for the one-year-old retail store with a 500-car parking lot net-leased to Menomonee Falls, WI-based Kohl's Corp. through 2021.

Bill Wyatt Named Port's Executive Director

remstaff &Globe Street | September 05, 2001

PORTLAND- Gov. John Kitzhaber's chief of staff for the past seven years, Wyatt is taking the helm of a port suffering from the loss of its main ship repair dock and a drop in maritime trade, grain exports and air and passenger cargo, among other things.

RCN Corp. Unloading Four Portland-Area Facilities

remstaff &Globe Street | September 05, 2001

PORTLAND-The telecom company bought three buildings and leased half of another over the past year or so. Now its real estate director tells GlobeSt.com the company is unloading them all. One sold in mid-August at a 30% discount.

Joint Venture Spends $13.2 Mil for West Valley Center

remstaff &Globe Street | September 05, 2001

GOODYEAR, AZ-Columbia Regency Retail Partners cuts a deal with SunCor Development to pay $13.2 million for a 107,662-sf suburban shopping center. Under the sales pact, SunCor retains limited management duties for two years.

New President for Consulting Engineers Council

remstaff &Globe Street | September 05, 2001

ST. PAUL, MN-Joseph Hallberg owns his own mechanical engineering services firm in White Beak Lake, MN. He helped create the council's mechanical electrical practice group.

$325-Mil Pledge Keeps MeriStar Takeover on Track

remstaff &Globe Street | September 05, 2001

IRVING, TX-FelCor Lodging Trust has passed "go" in its takeover plan of Washington, DC-based Meristar Hospital Corp. The Irving-based REIT secures pledges for $325 million for the $2.7-billion acquisition, which is to close by month's end.

Ford To Expand Virginia Plant for $375 Million

remstaff &Globe Street | September 05, 2001

NORFOLK, VA-The Detroit automobile manufacturer will expand its plant here by 350,000 sf and plans to have equipment in place by June 2002 to roll out 2003 models of the Ford F-150 pickup truck.

Northtown Mall Gets $40-Mil Refi Through REIT

remstaff &Globe Street | September 05, 2001

BLAINE, MN-The mortgage carries an initial 7.08% interest rate. The term is for two years with the possibility of a one-year extension. Columbus, OH-based Glimcher Realty Trust's operating partnership provided the new loan.

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London Hotels Feeling the Pinch

Snyder's to Buy Drug Stores for $21 Mil

88,000-SF Suburban Kohl's Store Going on Market

Bill Wyatt Named Port's Executive Director

RCN Corp. Unloading Four Portland-Area Facilities

Joint Venture Spends $13.2 Mil for West Valley Center

New President for Consulting Engineers Council

$325-Mil Pledge Keeps MeriStar Takeover on Track

Ford To Expand Virginia Plant for $375 Million

Northtown Mall Gets $40-Mil Refi Through REIT

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