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Multifamily Building Sale Sets Record

remstaff &Globe Street | May 22, 2001

GLENDALE, CO-Investor Joe Nguyen grosses a 33% profit in a year on a 24-unit apartment project in the small Denver suburb. The $59,166-per-unit sales price far is greater than most small, 40-year-old properties command.

British Land Prepares Securitisation

remstaff &Globe Street | May 22, 2001

LONDON-The London market is bracing itself for the biggest-ever property securitisation, as British Land prepares to refinance

Contractor, Developer End 3 1/2-Year-Old Fight

remstaff &Globe Street | May 22, 2001

ORLANDO-Pointe Orlando, a 450,000-sf, $120 million, 17-acre themed retail emporium in the center of the city's main tourist corridor, has shaken hands with Keene Construction Co. of suburban Maitland, six weeks before the long-running lawsuits were scheduled for trial.

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.

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Multifamily Building Sale Sets Record

British Land Prepares Securitisation

Contractor, Developer End 3 1/2-Year-Old Fight

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

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