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Scottsdale Office Draws $2.2 Mil from Nebraska Couple

remstaff &Globe Street | July 31, 2001

SCOTTSDALE, AZ-A 20,000-sf office-warehouse has changed owners for the second time in a year. A Nebraska couple pays $2.2 million to a South Bend, IN investor, who bought it last year for a little more than $1.6 million.

Ideal Group Snags Exclusive on Two Multifamily Properties

remstaff &Globe Street | July 31, 2001

POTOMAC, MD-Firm seeks $2.8 million for a potential rehab-development property in the District and is asking $14.7 million for a fully occupied suburban apartment community.

Invsco Unit Buys Oceanfront Apartments

remstaff &Globe Street | July 31, 2001

SURFSIDE, FL-Invsco Acquisition Corp. pays Orlando-based ACP-Heritage II $19 million or $165,217 per unit for the 10-story, 33-year-old, 115-unit Carlisle on the Ocean in this seaside community, nine miles northeast of Miami.

IRT's First-Half Net Income and FFO Down

remstaff &Globe Street | July 31, 2001

ATLANTA-The locally based shopping center investor/developer posted net earnings of $13.9 million or 45 cents per diluted share versus $15.6 million or 47 cents per diluted share last year.

Republic Q2 Net Drops by 1.9%

remstaff &Globe Street | July 31, 2001

FORT LAUDERDALE, FL-The national solid waste collection service and landfill operator still meets a quarterly earnings forecast of 34 cents per share.

Data Center Opening Pushed Back to September

remstaff &Globe Street | July 31, 2001

DENVER-A switch from a local building contractor from a national contractor is blamed for the delay of @Lightspeed's opening of a 180,000-sf facility at East 43rd Avenue and Brighton Boulevard.

Crescent Hawks 80% Stake in 560,000-SF Westlake Park

remstaff &Globe Street | July 31, 2001

HOUSTON-Crescent Real Estate Equities' Houston office will continue to manage the 560,000-sf Westlake Park in a deal that puts 80% ownership into the hands of General Electric Pension. Crescent pulls in about $120 million in a two-building deal.

Whitehall Sells 64,000-SF Industrial Facility

remstaff &Globe Street | July 31, 2001

WOOD-RIDGE, NJ-The Goldman Sachs affiliate has sold the two-building property to Starfire Lighting, which will occupy it jointly with an existing tenant, Topcon.

Sullivan County Granted Economic Development Zone Status

remstaff &Globe Street | July 31, 2001

MAMAKATING, NY-At an event to acknowledge a $40 million investment by Kohl's retail chain here, New York Governor George Pataki reported that a section of Sullivan County has been designated an economic development zone.

Shidler Group Buys Torrey Sorrento Park

remstaff &Globe Street | July 31, 2001

SAN DIEGO-Shidler paid $1.7 million for the two-building complex and plans to spend $2 million to convert in into a biotechnology facility. Right after the sale it signed a biotech research firm to a $5.4 million, seven-year lease.

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Scottsdale Office Draws $2.2 Mil from Nebraska Couple

Ideal Group Snags Exclusive on Two Multifamily Properties

Invsco Unit Buys Oceanfront Apartments

IRT's First-Half Net Income and FFO Down

Republic Q2 Net Drops by 1.9%

Data Center Opening Pushed Back to September

Crescent Hawks 80% Stake in 560,000-SF Westlake Park

Whitehall Sells 64,000-SF Industrial Facility

Sullivan County Granted Economic Development Zone Status

Shidler Group Buys Torrey Sorrento Park

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