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NAR and CAPHYAI Sign International Alliance Agreement

remstaff &Globe Street | May 21, 2001

WASHINGTON, DC-The National Association of Realtors and Camara Argentina de la Propriedad Horizontal y Actividades Immobiliarias have concluded joint meetings here and signed a historic alliance agreement.

Gordon: Investors Stepped Back, Refinancing is Trend

remstaff &Globe Street | May 21, 2001

NEW YORK CITY- Mark Gordon, a managing partner in Sonnenblick-Goldman's International Lodging and Leisure Group, says there is unmistakably a slowdown; however, capitalization rates have not changed significantly, and hotels here are performing well.

Fannie Mae Adds Third Day of Redemption Announcements

remstaff &Globe Street | May 21, 2001

WASHINGTON, DC-Fannie Mae announced today (Monday, May 21) that it will redeem the principal amounts on securities issues, as it also did on Friday, May 18 and Thursday, May 17.

San Francisco's HCV Buying Port Ludlow

remstaff &Globe Street | May 21, 2001

PORT LUDLOW, WA-HCV Pacific Partners plans to refurbish the retail and residential portions of the 1,300-acre Jefferson County resort that includes a 300-slip boat marina and 27-hole golf course. The seller is Pope Resources, a Poulsbo, WA-based forest products company.

Casinos Developing Atlantic City Welcome 6 Acres on Block

remstaff &Globe Street | May 21, 2001

ATLANTIC CITY-Two lots will be sold in the heart of the city's casino gaming area. The properties are zoned for development and will likely become part of the neighborhood's casino expansions currently underway.

Residential Towers Planned on East Side

remstaff &Globe Street | May 21, 2001

DENVER-City Park South LLC and national developer are hoping to build several 30-story luxury residential units in a $300-million development about five minutes east of Downtown, on an 8.3-acre site.

Comerica Insurance Group Consolidates

remstaff &Globe Street | May 21, 2001

SOUTHFIELD, MI-The banking subsidiary places offices in Auburn Hills, Troy and Dearborn into one at 20700 Civic Center Drive in this central Southeast Michigan city, where a 70-person department has moved.

Texas Hotel Market Healthy Despite Construction Slowdown

remstaff &Globe Street | May 21, 2001

DALLAS-There is less construction in the hotel industry than in years past, but it's not bad news, say Texas experts. Demand and supply remain in check. Texas metropolises, save for Austin, aren't feeling the hit from corporate travel cuts.

Speculative Industrial Project Underway

remstaff &Globe Street | May 21, 2001

NEWPORT BEACH, CA-Newport Beach-based Clark Management & Development has tilted the walls on two Santa Fe Springs industrial buildings totaling 63,000 sf. Completion is set for August.

162,000-SF Distribution Center Sold

remstaff &Globe Street | May 21, 2001

FRANKLIN PARK, IL-The facility, located about one mile south of O'Hare International Airport that had been 57% occupied for the past two years, has been sold by Kansas City-based Maxus Realty Trust, Inc.

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