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Shareholders Back Dunloe Ewart Sale

remstaff &Globe Street | May 22, 2001

DUBLIN-Dunloe Ewart shareholders voted for a partial liquidation of the company's portfolio. But they refused to back a share buy-back programme.

Madison Marquette Hires West Coast Senior VP

remstaff &Globe Street | May 22, 2001

MINNEAPOLIS-Steve Wehr will be based in the firm's San Francisco office, where he will be responsible for leasing properties in Northern California and the Pacific Northwest and new property management business.

Starwood's 11 Office Buildings Under New Management

remstaff &Globe Street | May 22, 2001

PHOENIX-CB Richard Ellis has snagged the management pact for an 11 office buildings owned by Starwood Asset Management. The properties total more than 1.3 million sf, 10 of which are in Phoenix and one in Mesa.

Red Lion Opens Near Boeing Field

remstaff &Globe Street | May 22, 2001

SEATTLE-Profits from the hotel industry are expected to flatten out over the next year or two as the economy and consumer confidence trends down, corporations and individuals pull back on discretionary spending and lenders grow more stingy with their capital.

Institutional Buyers Shun Phoenix Apt. Market

remstaff &Globe Street | May 22, 2001

PHOENIX-The multifamily market isn't faring so well, with 30% fewer bids coming in for available properties. Institutional investors have turned their backs on the market and the private investment sector is being cautious due to modest-to-flat rent growths.

Insignia/ESG's Siegel Delivers Message of Optimism

remstaff &Globe Street | May 22, 2001

NEW YORK CITY-"No matter what the national economy is doing today, the New York real estate market is in a state of divine equilibrium," Insignia/ESG chairman and CEO Stephen Siegel told the audience at yesterday's RELA breakfast.

Ryland Occupying 20,493 SF of Janus' Sublease Space

remstaff &Globe Street | May 22, 2001

AUSTIN-Ryland Homes has taken up residence in 20,493 sf of the 275,000 sf of sublease space held by Janus Capital Corp. at Riata Corporate Park. Janus has cut the rate and tossed in the furniture as a signing plus.

Houston, Galveston Port Merger Clears First Hurdle

remstaff &Globe Street | May 22, 2001

HOUSTON-Houston Port Authority has signed off on a plan to merge its operation with Galveston's port. Now, Galveston must decide. Houston would get developable land in the deal and Galveston, needed capital. The deal would make it the premier Gulf port.

Prudential Completes First Solo CMBS, $908-Mil Deal

remstaff &Globe Street | May 22, 2001

NEWARK, NJ-Prudential Mortgage Capital Co. has completed a CMBS securitization of 119 fixed-rate mortgage loans secured by commercial and multifamily properties. The conduit deal was named ROCK 2001-C1 and was sold through Merrill Lynch and Salomon Smith Barney.

South Lake Union Redevelopment on the Horizon

remstaff &Globe Street | May 22, 2001

SEATTLE, WA-After 30 years of talk, changes are finally afoot in 160-acre lakefront neighborhood just north of Downtown Seattle thanks to a new agreement between the city and a subsidiary of billionaire Paul Allen, who has amassed better than 25% of the area.

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Shareholders Back Dunloe Ewart Sale

Madison Marquette Hires West Coast Senior VP

Starwood's 11 Office Buildings Under New Management

Red Lion Opens Near Boeing Field

Institutional Buyers Shun Phoenix Apt. Market

Insignia/ESG's Siegel Delivers Message of Optimism

Ryland Occupying 20,493 SF of Janus' Sublease Space

Houston, Galveston Port Merger Clears First Hurdle

Prudential Completes First Solo CMBS, $908-Mil Deal

South Lake Union Redevelopment on the Horizon

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