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Retirement Realty Buys Balch Springs Retail Site

remstaff &Globe Street | May 29, 2001

BALCH SPRINGS, TX-An interior building at the Elam Village Shopping Center in Balch Springs has a new owner, Retirement Realty Equities. The seller's broker describes the sale as a bread-and-butter deal for the buyer.

ProLogis Inks 1.7-Mil-SF Overseas Deal

remstaff &Globe Street | May 29, 2001

DENVER-ProLogis signs an agreement with international distribution company TNT for five build-to-suit facilities totaling 1.7 million sf. The largest is 1.1 million sf in the Seliport Industrial Park in Milan, Italy.

Computer Becoming More of a Necessity

remstaff &Globe Street | May 29, 2001

CHICAGO-One fallacy of dot-com implosion is "some people wonder if the Internet matters anymore" but computers are likely to continue to grow in practical usage for brokers, leasing agents, property managers and financiers.

Sunterra Picks NY Broker to Sell Off Assets

remstaff &Globe Street | May 29, 2001

ORLANDO-Mired in red ink, locally based Sunterra Corp., once the highest time share flyer in Central Florida, has retained New York-based Insignia/ESG Hotel Partners as advisors in the planned sale of at least 30 of its 89 global time share resorts in the next seven months.

Transwestern Fund Buys 1,000 Multifamily Units

remstaff &Globe Street | May 29, 2001

CHICAGO-Transwestern Investment Company, LLC's Aslan Realty Partners, LP closes on the 1,000-unit Cedarbrook Hill Apartment Homes in Wyncote, PA. Stamford, CT-based Ceebraid-Signal Corp. will manage the upscale suburban complex.

Post Properties Paying 78-Cent Dividend

remstaff &Globe Street | May 29, 2001

ATLANTA-The locally based REIT owns 34,000 apartments and has 4,385 units under development.

Whitbread Snaps Up Heathrow Hotel Site

remstaff &Globe Street | May 29, 2001

LONDON-Whitbread Hotel Company has taken a pre-letting on a prime 6.5 acre site on the Bath Road, on the northern perimeter of London's Heathrow Airport.

Freddie Mac Finds 30-Year FRM Up Slightly

remstaff &Globe Street | May 29, 2001

MCLEAN, VA-Freddie Mac, the stockholder-owned corporation Congress founded in 1970, has found in its latest survey of primary mortgage information that while adjustable rates were almost unchanged, fixed-rate mortgages went up 0.06%.

BIG PICTURE: Face-to-Face Will Always Temper Online Deals

remstaff &Globe Street | May 29, 2001

CHICAGO-When it comes to large commercial real estate deals, no tech stride is likely to ever replace the human element, professionals say. "There always will be two individuals getting together to make a deal," one says.

Texas Execs Nix E-Transactions Likelihood

remstaff &Globe Street | May 29, 2001

DALLAS-It's not going to happen, say several Texas real estate professionals when asked about the likelihood of electronic transactions. A good portion of the deal can be done online, but clicks just aren't enough to close the deal.

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Retirement Realty Buys Balch Springs Retail Site

ProLogis Inks 1.7-Mil-SF Overseas Deal

Computer Becoming More of a Necessity

Sunterra Picks NY Broker to Sell Off Assets

Transwestern Fund Buys 1,000 Multifamily Units

Post Properties Paying 78-Cent Dividend

Whitbread Snaps Up Heathrow Hotel Site

Freddie Mac Finds 30-Year FRM Up Slightly

BIG PICTURE: Face-to-Face Will Always Temper Online Deals

Texas Execs Nix E-Transactions Likelihood

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