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Summit Properties Looking for 10% Return in Suburbs; 9.5% in Cities

remstaff &Globe Street | April 24, 2001

CHARLOTTE-The 29-year-old, locally based apartment operator has abandoned South Carolina to concentrate on Charlotte and Raleigh in North Carolina, along with its key markets in Washington, D.C., Atlanta, Dallas, Austin and Southeast Florida.

Watson Breaks Ground on $15-Mil Project

remstaff &Globe Street | April 24, 2001

LOS ANGELES-Additional space will soon be released into the county's tight industrial market, as Watson Land Co. breaks ground on two mixed-use facilities totaling 424,000 sf.

Big Industrial Deals Still Strong Here

remstaff &Globe Street | April 24, 2001

CHARLOTTE-Trammell Crow Co. posted one million sf of leasing activity in the first quarter including a 206,000-sf deal with Home Depot. The market is slower but remains active, Crow officials tell GlobeSt.com.

Manhattan Residential Market Stays 'Resilient'

remstaff &Globe Street | April 24, 2001

NEW YORK CITY-Overall, the prices of apartments rose 11% during the first quarter compared to 4Q 2000. Luxury units in Midtown declined dramatically, however, falling 44% compared to late last year.

Extended Stay America Beats First Quarter Forecast by 24%

remstaff &Globe Street | April 24, 2001

FORT LAUDERDALE, FL-The publicly traded developer and operator of lodging facilities now predicts it will meet or exceed the annual stock forecast for 2001 on unanticipated first-quarter growth. Fort Lauderdale is 26 miles north of Miami.

Quick Flip Yields $53.5 Mil for Somerset Financial Center

remstaff &Globe Street | April 24, 2001

BEDMINSTER, NJ-Sales team meets client fund's goals for high, quick returns with disposition of 233,000-sf, two-building asset.

Integra Realty Resources Gives Area High Future-Growth Marks

remstaff &Globe Street | April 24, 2001

ORLANDO-The 13th annual report by the New York-based real estate valuation and consulting firm calls Orlando and Las Vegas "the best-loved tourist destinations in the nation.

HCPI Reports Lower First Quarter FFO With SAB 101

remstaff &Globe Street | April 24, 2001

NEWPORT BEACH, CA-The healthcare equity REIT's first quarter performance was down slightly from the same period last year after conforming to the Securities and Exchange Commission's Staff Accounting Bulletin adopted at the end of last year.

CB Richard Ellis Promotes Two in Raleigh Office

remstaff &Globe Street | April 24, 2001

RALEIGH, NC-Associate John Daly is handling corporate services management for clients with regional or national headquarters based in the Carolinas. Lisa MsCoy moves up to senior marketing representative status for the corporate services group-Carolinas.

Danziger Resigns as Carlson Hotels President

remstaff &Globe Street | April 24, 2001

MINNETONKA, MN- Eric Danziger cites personal reasons for retiring from hotel industry. He will move back to California, where he has family. His hotel career began at age 16 as a bellman at the Fairmont Hotel.

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