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Private Investor Pays $6 Mil for Complex

remstaff &Globe Street | July 17, 2001

LOS ANGELES-The 86-unit apartment complex has been bought by a private investor, as the county's multifamily market continues to shine. One of the principal factors contributing to the strength of this market is the apartment shortage.

42,221-SF Don Pablo's Headquarters Sale Closes

remstaff &Globe Street | July 17, 2001

BEDFORD, TX-Six months of looking ends with a Ft. Worth investor taking title to the Don Pablo's headquarters, which had carried a $4.9-million asking price. New owner Klabzuba Properties reportedly is making plans to lease the office building.

Officials Tour Out-Of-State Convention Centers

remstaff &Globe Street | July 17, 2001

TROY, MI-The city plans to spend about $210 million to land conference and performing arts centers. Officials see the MeadowView Marriott Conference Resort and Convention Center in Kingsport, TN and the Rosemont, IL Convention Center.

BentleyForbes Completes $14-Mil Sale-Leaseback

remstaff &Globe Street | July 17, 2001

BLOOMINGTON, MN-The 122,177-sf property was sold by the fast-growing, Los Angeles-based commercial real estate investment firm and leased back to GN ReSound, which makes hearing devices.

Johnson & Johnson Property Sells for $7 Mil

remstaff &Globe Street | July 17, 2001

WILMINGTON, IL-Meritex Enterprises buys a 430,000-sf facility formerly used by Johnson & Johnson, leases 112,265 sf to Ivex Packaging Corp. and plans to develop the 79-acre site for additional commercial and industrial use.

Dispute Shuts Down Museum Tower Job

remstaff &Globe Street | July 17, 2001

ATLANTA-SkanskaUSA-Beers Construction Co. of Atlanta and C.D. Moody Construction Co. of Redan, GA walk off the estimated $33 million project after a disagreement with Centennial Hill Development Partners over cost allowances for the tower's facade.

Phoenix Office Market Hits 15.2% Vacancy at Q2 End

remstaff &Globe Street | July 17, 2001

PHOENIX-It's going to be a slow year, says a Grubb & Ellis VP in analyzing second-quarter results for the office sector. Vacancy is riding at 15.2%. Factor in sublease space and it's closer to 18%. But, he predicts, it's not permanent.

$100-Mil Condo Plan Proposed for Wards' Land

remstaff &Globe Street | July 17, 2001

CHICAGO-The Two River Place LLC site is south of Wards' massive headquarters, which also is being rehabbed into 241 condominium units. Prices would range from $200,000 for one-bedroom units to $700,000 for three-bedrooms.

Euroskeptics Threaten UK Property Sector, Claim Researchers

remstaff &Globe Street | July 17, 2001

LONDON-Britain's failure to sign up for the Euro could leave the UK property market sidelined in the longer term, experts told conference attendees in Alicante, Spain.

Deal Sealed for Otay Mesa Power Plant

remstaff &Globe Street | July 17, 2001

SAN DIEGO-With the county's fastest growing area as a backdrop, a joint venture should result in the first major new power plant to be built in the county in three decades.

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Private Investor Pays $6 Mil for Complex

42,221-SF Don Pablo's Headquarters Sale Closes

Officials Tour Out-Of-State Convention Centers

BentleyForbes Completes $14-Mil Sale-Leaseback

Johnson & Johnson Property Sells for $7 Mil

Dispute Shuts Down Museum Tower Job

Phoenix Office Market Hits 15.2% Vacancy at Q2 End

$100-Mil Condo Plan Proposed for Wards' Land

Euroskeptics Threaten UK Property Sector, Claim Researchers

Deal Sealed for Otay Mesa Power Plant

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