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Burnham Pacific Unloads Another Property

remstaff &Globe Street | May 21, 2001

SAN DIEGO-In the latest installment of its real estate fire sale, locally based Burnham Pacific Properties Inc. has sold an 88,487-sf retail center in Bellevue, WA for $14.3 million.

Stonebridge Cos. Promote 3 Executives

remstaff &Globe Street | May 21, 2001

DENVER-Locally based Stonebridge Cos. promotes Joan Frampton Kirk to senior vice president of hotel operation while Jeremy Day and Scott Gericke have been promoted to vice presidents of operations.

Ryan Readies for 50,000-SF N. Scottsdale Office Project

remstaff &Globe Street | May 21, 2001

SCOTTSDALE, AZ-Minneapolis-based Ryan Cos. and Virginia-based Markel Corp. have a 50,000-sf office building in the works for N. Scottsdale. Developer Ryan plans a summer groundbreaking so Markel can occupy 30,000 sf in early 2002.

Reality Settling in for Hotel Sellers

remstaff &Globe Street | May 21, 2001

CHICAGO-It's not gloom and doom at the inns, but the numbers have changed on the local hotel market. One benefit of tough construction financing is less competition coming on the market.

Majestic Lands 150,000-SF Sprint Lease

remstaff &Globe Street | May 21, 2001

AURORA, CO-One of the world's largest telecommunications companies signs a 10-year lease to occupy all 150,000 sf at Majestic Commercenter near the Denver International Airport in a deal worth about $7 million.

Lincoln Plaza, Embassy Suites Win Golden Bricks

remstaff &Globe Street | May 21, 2001

ORLANDO-The Charles W. Rex Jr. Administration, Science and Math Building at the private Lake Highland Preparatory School, and Push Inc.'s advertising headquarters structure also were recognized by the Downtown Orlando Partnership.

Vacancy Rates Increase at Local Hotels

remstaff &Globe Street | May 21, 2001

BOSTON-Occupancy rates at hotels in this area and in Cambridge plummet as the local hotel industry begins to feel the economic pinch. Hotel industry officials would like to see the state do more to stem the fall.

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.

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.

REITs Report First-Quarter Growth, Study Shows

remstaff &Globe Street | May 21, 2001

WASHINGTON, DC-While REITS report a 7.5% increase in funds from operations, the S&P 500 showed a 6.5% drop in earnings per share, according to the National Association of Real Estate Investment Trusts.

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Burnham Pacific Unloads Another Property

Stonebridge Cos. Promote 3 Executives

Ryan Readies for 50,000-SF N. Scottsdale Office Project

Reality Settling in for Hotel Sellers

Majestic Lands 150,000-SF Sprint Lease

Lincoln Plaza, Embassy Suites Win Golden Bricks

Vacancy Rates Increase at Local Hotels

Gordon: Investors Stepped Back, Refinancing is Trend

Texas Hotel Market Healthy Despite Construction Slowdown

REITs Report First-Quarter Growth, Study Shows

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