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Hotelier Drops $110-Mil on Hotel Upgrades

remstaff | May 20, 2001

LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.

Pocket-Book Vote in Favor of Local Market

remstaff &Globe Street | May 20, 2001

ORANGE COUNTY, CA-A Burbank-based real estate syndicate pays $11.1 million for 103,789-sf industrial complex in Placentia, the latest sign that investors are still bullish about the region even as the national economy slows.

UK Hotels Face Foot and Mouth Crisis

remstaff &Globe Street | May 20, 2001

LONDON-The foot and mouth crisis, which has already ravaged many rural economies, is set to hit the UK hotel market.

Matrix Doing 204,000-SF Build-to-Suit for Cooperative

remstaff &Globe Street | May 20, 2001

MONROE TWP., NJ-The latest transaction brings the Carnbury, NJ-based developer/owner's industrial activity to the three million-sf mark, all of it in Central New Jersey's Exit 8A submarket.

Docklands Project Gets Green Light

remstaff &Globe Street | May 20, 2001

LONDON-The London Borough of Tower Hamlets has cleared the way for the creation of a new Docklands office district to rival Canary Wharf.

Mayor Says Cappelli Project Could Be Approved by August

remstaff &Globe Street | May 20, 2001

WHITE PLAINS-White Plains Mayor Joseph Delfino says the $250 million Cappelli project at the former Macy's site here could receive final approvals by as early as this August.

Three Agree to $250,000 Settlement in Insider Trading

remstaff &Globe Street | May 20, 2001

WASHINGTON, DC-The former controller of Nashville-based Corrections Corp. of America, his wife and a friend settled with the SEC without admitting any wrongdoing and agreed to relinquish profits plus pay penalties.

Scofflaws Buy New Suburban Courthouse

remstaff &Globe Street | May 20, 2001

FERNDALE, MI-The suburb increases fines for civil infractions to buy land and build a new law facility, an idea copied from Royal Oak. It is expected to bring more than $108,000 a year to pay the cost, which could be as much as $3 million.

London Residential Rents Rocket

remstaff &Globe Street | May 20, 2001

LONDON-Prime residential rental values have jumped by nearly 10% in the last year according to new research from agency Knight Frank.

School District Seeks Bids for USPS Site

remstaff &Globe Street | May 20, 2001

SEATTLE-The district purchased the 350,000-sf building in 1999 from Lowe Enterprises for approximately $12 million and in it plans to combine a variety of operations. It plans to spend an estimated $20-$26 million on the remodel.

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Hotelier Drops $110-Mil on Hotel Upgrades

Pocket-Book Vote in Favor of Local Market

UK Hotels Face Foot and Mouth Crisis

Matrix Doing 204,000-SF Build-to-Suit for Cooperative

Docklands Project Gets Green Light

Mayor Says Cappelli Project Could Be Approved by August

Three Agree to $250,000 Settlement in Insider Trading

Scofflaws Buy New Suburban Courthouse

London Residential Rents Rocket

School District Seeks Bids for USPS Site

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