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MeriStar Extends Consent Solicitation

remstaff &Globe Street | June 25, 2001

WASHINGTON, DC-Meristar Hospitality Corp. has extended its solicitation of consents from holders of its some of its senior notes, following the closure of its merger with FelCor Lodging Trust.

Two Multifamily Complexes Fetch $1.7 Mil

remstaff &Globe Street | June 25, 2001

NEWPORT BEACH, CA-Morgan Skenderian Investment Real Estate Group's Newport Beach office has brokered the sale of the two multifamily complexes in Whittier containing a combined 30 units. The sellers were Oregon-based investors.

Everyone's Looked, None Found Solid Cinema Solution

remstaff &Globe Street | June 25, 2001

NEW YORK CITY-Brad Mendelson, executive managing director at Insignia/ESG, tells GlobeSt.com there are a number of obstacles to successfully transforming vacant movie theater properties into other retail-use spaces.

Lubert-Adler RE Fund III Raises $850 Mil

remstaff &Globe Street | June 25, 2001

NEW YORK CITY-The fund will invest in undervalued properties in metropolitan areas and then redevelop them. It expects to leverage its funding into $3 billion worth of real estate.

Ashtenne Launches Industrial Fund

remstaff &Globe Street | June 25, 2001

LONDON-Ashtenne Holdings is to launch a specialist industrial fund backed by Morley Fund Management.

Fairfield Residential Making Back-to-Back Land Buys

remstaff &Globe Street | June 25, 2001

EULESS, TX-Fairfield Residential has spent about $1.7 million for 14.7 acres in the Villages of Bear Creek and is nearing the closing date for a 10-acre buy. With two of the three remaining tracts in hand, Fairfield is talking about picking up the balance.

TESA, Philips Team on Hospitality Security

remstaff &Globe Street | June 25, 2001

ATLANTA-The world's largest supplier of electronic locking systems and one of the world's largest suppliers of closed-circuit television products and systems will be jointly producing custom-built surveillance systems for the hotel industry.

DFW Is Hot Ticket for Closed Theaters

remstaff &Globe Street | June 25, 2001

DALLAS-What do people do in Dallas-Ft. Worth? They shop, eat out and go to movies, says a leading real estate executive. And that makes the DFW region a headline act for financially troubled chains seeking to hawk their stars or cherry pick their assets.

SynTest Opens Austin Office in Koger Center

remstaff &Globe Street | June 25, 2001

AUSTIN-The Koger Center has signed a California testing company to its first location outside its US base in Sunnyvale. Yo Han Park will lead the Austin center for SynTest, which also has offices in Korea and Taiwan.

Waldorf-Astoria Creates Penthouse Meeting Space

remstaff &Globe Street | June 25, 2001

NEW YORK CITY-Park Avenue's landmark Waldorf-Astoria will open its

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MeriStar Extends Consent Solicitation

Two Multifamily Complexes Fetch $1.7 Mil

Everyone's Looked, None Found Solid Cinema Solution

Lubert-Adler RE Fund III Raises $850 Mil

Ashtenne Launches Industrial Fund

Fairfield Residential Making Back-to-Back Land Buys

TESA, Philips Team on Hospitality Security

DFW Is Hot Ticket for Closed Theaters

SynTest Opens Austin Office in Koger Center

Waldorf-Astoria Creates Penthouse Meeting Space

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