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Bridge Development Off to Running Start

remstaff &Globe Street | April 03, 2001

CHICAGO-The firm co-founded by 30-year real estate veteran Ronald T. Frain builds and redevelops nearly 400,000 sf of office and industrial space in 2000 and has more than 500,000 sf coming on line in 2001.

Loretto's Plan Will Preserve Rural Character

remstaff &Globe Street | April 03, 2001

LORETTO, MN-The Metropolitan Council sees the city's to maintain its rural setting plan as fitting its overall "smart growth" strategy. Loretto anticipates adding 33 households and 75 jobs by 2020.

Vacancy Rates Highest Since 1997

remstaff &Globe Street | April 03, 2001

ANAHEIM, CA-A newly released study of the county's office market by Voit Commercial Brokerage says dot.com failures and corporate downsizing are partially to blame for the increase.

Prime Outlets Reports FFO of $58 Mil, Down $26 Mil

remstaff &Globe Street | April 03, 2001

BALTIMORE, MD-Prime Retail announced fiscal year 2000 funds from operation of $58 million, a sharp dip from 1999's FFO of $84.2 million, according to the company. Fourth quarter FFO was $13.5 million.

Investor Snaps Up Industrial Facility for $3.1 Mil

remstaff &Globe Street | April 03, 2001

BREA, CA-Bonin Investments plans to hold the asset, a building leased to a roofing company, in its portfolio.

Development Won't Include Golf Course or Resort

remstaff &Globe Street | April 03, 2001

PHOENIX-The last large chunk of state land in Mesa won't include zoning for a resort or golf course because nearby neighbors oppose the projects.

Consolidation Move Proves Simple

remstaff &Globe Street | April 03, 2001

ALAMEDA, CA-Simpata Inc., a provider of online human resources and benefits administration, recently moved its operations to Folsom in order to consolidate the company's Sacramento-based operations and lower operating costs while remaining in an area where skilled labor is readily available.

REIT's Health-Care Retreat Reaps $441 Mil

remstaff &Globe Street | April 03, 2001

DALLAS-Meditrust is forging ahead on its retreat from the health-care industry, selling 78 more long-term facilities and an office building in a $441-million deal. The REIT's now poised for a debt refinancing by July.

WaMu Moves Into Wells Fargo Center

remstaff &Globe Street | April 03, 2001

SEATTLE-Washington Mutual, now the second largest loan services company in the country, took over the 17th floor of the Wells Fargo Center on April 1, 2001. The Seattle-based thrift leased the space from Equity Office Properties.

210-Unit Park at Presa Owner Refinances Complex

remstaff &Globe Street | April 02, 2001

SAN ANTONIO-A Dallas owner has refinanced a $3.8-million loan for the 210-unit Park at Presa in San Antonio. The financing is being used to upgrade the 15-year-old complex and retire existing debt. Metropolitan Financing Corp. has handled the transaction.

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Bridge Development Off to Running Start

Loretto's Plan Will Preserve Rural Character

Vacancy Rates Highest Since 1997

Prime Outlets Reports FFO of $58 Mil, Down $26 Mil

Investor Snaps Up Industrial Facility for $3.1 Mil

Development Won't Include Golf Course or Resort

Consolidation Move Proves Simple

REIT's Health-Care Retreat Reaps $441 Mil

WaMu Moves Into Wells Fargo Center

210-Unit Park at Presa Owner Refinances Complex

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