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Study: LA Office Market to Improve with Age

remstaff &Globe Street | June 28, 2001

LOS ANGELES-A new report from Delta Associates says vacancies will drop over the next two years, as development slows and demand keeps growing. Delta is the research arm of Chicago-based property-management giant Transwestern Commercial Services.

Sterling Financial Acquiring Source Capital

remstaff &Globe Street | June 28, 2001

SPOKANE, WA-The locally based savings and loan holding company has an agreement to buy the locally based commercial real estate lender for $7.50 per share, or $9.75 million. Both companies' boards have approved the merger and shareholders are expected to follow suit.

268-Unit Forestree Cut from Hall Portfolio

remstaff &Globe Street | June 28, 2001

HOUSTON-Hall Financial Group has sold the last of its Houston multifamily assets in an ongoing disposition of 16 older properties. The Forestree Apartments in the southeastern Houston suburb of Webster has been sold to a limited partnership.

313-Unit Chateaux Dijon Apartments Sold

remstaff &Globe Street | June 28, 2001

HOUSTON-The 313-unit Chateaux Dijon Apartments at 16201 El Camino Real has changed hands. The class B property is one of several that has been transferred this year in negotiations by a CB Richard Ellis team of senior vice presidents.

Buffalo Firm Pays $21.3 Mil for 272 Units

remstaff &Globe Street | June 28, 2001

CHANDLER, AZ-Chason Properties of Buffalo, NY acquires Lakeview at Octillo, its third multifamily puchase in the region in three years. Rent growth for apartments in Chandler had been among the best in the Valley in the first quarter.

City Flexes Eminent Domain Muscle

remstaff &Globe Street | June 28, 2001

SAN LEANDRO, CA-WP Carey Inc. owns the property, a parking lot here located on the corner of Williams Street and Doolittle Drive in San Leandro. City officials say they have been unable to agree with the owner on a sales price.

Bennett Realty, Fairfield Strike Another Land Deal

remstaff &Globe Street | June 28, 2001

EULESS, TX-By week's end, Fairfield Residential will own or hold an option for the balance of the multifamily developable land in the 700-acre Villages of Bear Creek. Another signing is coming, GlobeSt.com has been told.

Developer-Owned Bank Hires President

remstaff &Globe Street | June 28, 2001

ORLANDO-C. Michael Collins, a longtime local banker and currently chief executive at the Bank of North Georgia in Alpharetta, an Atlanta suburb, takes over the operations of CNL Bank July 6 when another longtime local banker, William Beiler, heads for St. Petersburg, FL to become chief lending officer at Raymond James Bank.

Akeler Unveils Reading Office Project

remstaff &Globe Street | June 28, 2001

LONDON-Office developer Akeler has announced plans to redevelop the 8.3-acre Scottish & Newcastle site in Reading, Berkshire. S&N has permission to build up to 365,000 sf of office space

69-Unit Apartment Complex Refinanced

remstaff &Globe Street | June 28, 2001

OAKLAND, CA-Aaron Klien and Charlie Janda have completed a $2.8-million refinancing of their Lake Merritt-are apartment complex through Arbor Commercial Mortgage. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.95%.

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Study: LA Office Market to Improve with Age

Sterling Financial Acquiring Source Capital

268-Unit Forestree Cut from Hall Portfolio

313-Unit Chateaux Dijon Apartments Sold

Buffalo Firm Pays $21.3 Mil for 272 Units

City Flexes Eminent Domain Muscle

Bennett Realty, Fairfield Strike Another Land Deal

Developer-Owned Bank Hires President

Akeler Unveils Reading Office Project

69-Unit Apartment Complex Refinanced

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