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Supervalu Shutting Down 30 Stores in 3 States

remstaff &Globe Street | May 31, 2001

EDEN PRAIRIE, MN-The food wholesaler and retailer will accelerate growth of its Save-A-Lot chain, adding up 120 new stores this year. It also is upgrading stores throughout its Cub superstore chain in Illinois and Wisconsin.

EMC Lays Off 1,100; Construction to Continue For Now

remstaff &Globe Street | May 31, 2001

HOPKINGTON, MA-EMC Corp., the data storage equipment maker, lays off 1,100 people due to a reduced growth rate. The company is in the process of a number of building projects in the state which, according to company officials, will continue for now.

PM Realty Managing 769,805-SF Praedium Portfolio

remstaff &Globe Street | May 31, 2001

HOUSTON-PM Realty has snagged a 769,805-sf management portfolio for the Praedium Group LP. The PM team consists of Mike Nelson, Rhonda Huff, Mike Hackett and Mike Adams, who plan to focus on exceeding Praedium's exit strategy goals.

Clinton Inn Hotel Garners $6.4 Mil Financing

remstaff &Globe Street | May 31, 2001

TENAFLY, NJ-The recently renovated 119-room corporate hotel, owned by Concord Hospitality, is the beneficiary of a package arranged by RockBridge Capital. The funding will buy an existing first mortgage.

Met Life's on the Move

remstaff &Globe Street | May 31, 2001

LOS ANGELES-The insurance and financial-services giant signs five-year, $2.8-million lease for 15,092 sf at Wilshire Landmark II office project and will relocate from its longtime home in the Westside's Trident Center.

TrizecHahn Pays $76 Mil for 550 W. Washington

remstaff &Globe Street | May 30, 2001

CHICAGO-The Toronto-based property owner closes on the 16-story, 372,000-sf West Loop office building, the fifth it now owns in the popular submarket. TrizecHahn's holdings include Sears Tower.

Tuxia Picks Austin for Second US Location

remstaff &Globe Street | May 30, 2001

AUSTIN-A Germany-based company has set up shop in the Continental Building along Burnet Road. Austin's high-flying, high-tech environment sparks the decision for Tuxia, which also has an office in Bloomfield, NY. Next stop is the Silicon Valley.

Webb Appoints Winter Park Committee

remstaff &Globe Street | May 30, 2001

DENVER-Mayor Wellington Webb, who is resisting putting the property on the market, names nine members to a committee charged with finding a joint venture partner to operate the Winter Park ski resort.

Cisco pulls out of Munich Development

remstaff &Globe Street | May 30, 2001

BERLIN-Cisco Systems, the world's largest company, has pulled out of Phase Two of its multi-building campus development at Hallbergmoos, Munich, Germany.

Casa Grande Property Sparks $1-Mil Sale

remstaff &Globe Street | May 30, 2001

CASA GRANDE, AZ-The 7,200-sf Tri Valley Plaza has reaped slightly more than $1 million for seller Tri Valley LLC. The buyer is a Los Angeles-based real estate investor. The center is in an area that is attracting more commercial and residential development.

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Supervalu Shutting Down 30 Stores in 3 States

EMC Lays Off 1,100; Construction to Continue For Now

PM Realty Managing 769,805-SF Praedium Portfolio

Clinton Inn Hotel Garners $6.4 Mil Financing

Met Life's on the Move

TrizecHahn Pays $76 Mil for 550 W. Washington

Tuxia Picks Austin for Second US Location

Webb Appoints Winter Park Committee

Cisco pulls out of Munich Development

Casa Grande Property Sparks $1-Mil Sale

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