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Northwest Maritime Center Gains More Support

remstaff &Globe Street | May 17, 2001

PORT TOWNSEND, WA-Thanks to a $500,000 donation from the Camilla Chandler Family Foundation, some $2.5 million now has been raised for the $8 million project, planned for a dock once occupied by the Thomas Oil Company.

Lend Lease Acquires $292.2-Mil Portfolio

remstaff &Globe Street | May 17, 2001

NEW YORK CITY-Lend Lease Real Estate Investments, the global financial real estate manager, has completed the acquisition of a 30-property portfolio of assets from American Industrial Properties totaling over 2.8 million sf.

Olympus' 110 Acres in Las Colinas Ready for Takers

remstaff | May 17, 2001

DALLAS-The infrastructure is in place and the development door is wide open for a 110-acre tract in Las Colinas. Property owner Olympus Real Estate has hired CB Richard Ellis to market the land. The first deals should close by year-end.

HUD Secretary Announces $10 Mil for State

remstaff &Globe Street | May 17, 2001

DETROIT-The money, which includes more than $7 million in community development block grants, will encourage economic development and create affordable housing in Oakland County, Port Huron, Redford Township and Clinton Township.

Hughes Supply Erases Red Ink

remstaff &Globe Street | May 17, 2001

ORLANDO-After a fourth-quarter loss of $9.1 million, the 73-year-old national wholesale distributor of commercial and industrial materials, posted a net profit of $6.4 million on sales of $775 million in first quarter 2001 that ended April 30.

Tamarack Shadows Fetches $1.3 Mil

remstaff &Globe Street | May 17, 2001

PHOENIX-The 45-unit Tamarack Shadows Apartments has changed hands, with the new owner being a local real estate investment firm. Seller Los Angeles-based Milo Webber snags $1.3 million for the 22-year-old complex.

TCN Worldwide Adds Bay Area Firms

remstaff &Globe Street | May 17, 2001

SAN FRANCISCO-Including Starboard Commercial real Estate of San Francisco, Wayne Mascia Associates of Santa Clara and North Bay Commercial of Santa Rosa, the Plano, Texas-based company now has a network of 52 independent brokerages in 210 markets.

Polaroid Sells Reservoir Site for $70 Mil

remstaff &Globe Street | May 17, 2001

WALTHAM, MA-Polaroid Corp. sells its 56-acre campus here to the Davis Companies in a joint venture with Prudential Real Estate Advisors. The embattled instant photography company has been struggling to reduce its debt.

Silicon Valley Industrial Vacancy Up Slightly

remstaff &Globe Street | May 17, 2001

SAN JOSE-Despite negative net absorption rates, pure industrial space weathered the current slowdown better than their flex-office and research-and-development counterparts in the first quarter, says Colliers International.

Weingarten Shores Up Memphis Portfolio

remstaff &Globe Street | May 17, 2001

HOUSTON-Weingarten Realty Investors is on the move in Memphis, adding four shopping centers totaling 616,000 sf to its six holdings in that region. Thus far this year, Weingarten has invested $383 million in 24 retail acquisitions in three states.

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Northwest Maritime Center Gains More Support

Lend Lease Acquires $292.2-Mil Portfolio

Olympus' 110 Acres in Las Colinas Ready for Takers

HUD Secretary Announces $10 Mil for State

Hughes Supply Erases Red Ink

Tamarack Shadows Fetches $1.3 Mil

TCN Worldwide Adds Bay Area Firms

Polaroid Sells Reservoir Site for $70 Mil

Silicon Valley Industrial Vacancy Up Slightly

Weingarten Shores Up Memphis Portfolio

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