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GlobeSt.com EXCLUSIVE: Amtrak Trying to Track $65-Mil Expansion

remstaff &Globe Street | May 17, 2001

ORLANDO-Passenger-waiting facilities would have to be built at eight cities where other new commercial development is envisioned by summer 2002, if Federal and state funding for the venture can be found.

Excel Legacy Reveals $282-Mil Portfolio Deal

remstaff &Globe Street | May 17, 2001

SAN DIEGO-Along with its quarterly earnings announcement, the shopping center REIT said yesterday it is working a deal expected to close in the third quarter wherein it would acquire six open-air shopping centers in Florida.

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.

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GlobeSt.com EXCLUSIVE: Amtrak Trying to Track $65-Mil Expansion

Excel Legacy Reveals $282-Mil Portfolio Deal

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

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