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Ventas and Vencor Settle with Feds for $104.5 Mil

remstaff &Globe Street | March 20, 2001

WASHINGTON, DC-The REIT, Ventas, and its principal tenant, long-term health care provider Vencor, have agreed to pay the largest civil settlement ever for reportedly filing false claims to Medicare, Medicaid and Tricare.

Residential Construction Permit Numbers Remain Sluggish

remstaff &Globe Street | March 19, 2001

KANSAS CITY-The Home Builders Association of Greater Kansas City released stats for January and February that show construction down 30% compared to the same two months in 2000. And the future isn't promising.

Proposals Reviewed for KC International Work

remstaff &Globe Street | March 19, 2001

KANSAS CITY-The city council is leaning toward a company with higher bid because schedules by the low bidder had "typically not been met" and that the company had "product design issues" such as water leaks on the bridges.

Raytheon Resumes Work on Gas-Fired Power Plants

remstaff &Globe Street | March 19, 2001

WEYMOUTH, MA-A week after work was halted on two gas-fired power plants here and in Everett, a judge orders Sithe Electric to cancel its construction contract with Washington Group International, forcing locally-based Raytheon to take over.

Georgia - In Tax Appeals - Consider Arbitration

remstaff &Globe Street | March 19, 2001

When a property owner in Georgia appeals a tax assessment, he or she should be aware of the options available. If an appeal is not resolved with the assessor,…

New Manager for Great Mall of the Great Plains

remstaff &Globe Street | March 19, 2001

OLATHE, KS-A new general manager, Bradley K. Cornell, will oversee day-to-day operations at Glimcher Properties Limited Partnership's 800,000-sf outlet mall. He was general manager at the New Towne Mall in New Philadelphia, OH.

Judge's Ruling Allows REIT's Sale to Move Ahead

remstaff &Globe Street | March 19, 2001

CHICAGO-United States District Court Judge Ronald Guzman rules in favor of the dissolving REIT, which can proceed with its $226-million portfolio sale to Denholtz Management Corp. The buyer's due diligence ends March 30.

CapitalSource Forms New Real Estate Finance Group

remstaff &Globe Street | March 19, 2001

WASHINGTON, DC-The real estate group is one of five new targeted, industry-based finance units created by CapitalSource, which offers financings ranging from $3 million to $40 million.

Coldwell Banker Northern California Acquires Three Area Firms

remstaff &Globe Street | March 19, 2001

SAN FRANCISCO-The acquisition includes locally based Fred Sands City Properties and expands Coldwell Banker's market share in the greater Sacramento and Tahoe region to nearly 30%.

Houston Market Becoming One of Nation's Most Wired

remstaff &Globe Street | March 19, 2001

HOUSTON-Bandwidth commodities trading and the potential of data storage commodity trading are pushing Houston into the forefront as a high-tech center. And, says one broker, the demand's sure to get even stronger.

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Ventas and Vencor Settle with Feds for $104.5 Mil

Residential Construction Permit Numbers Remain Sluggish

Proposals Reviewed for KC International Work

Raytheon Resumes Work on Gas-Fired Power Plants

Georgia - In Tax Appeals - Consider Arbitration

New Manager for Great Mall of the Great Plains

Judge's Ruling Allows REIT's Sale to Move Ahead

CapitalSource Forms New Real Estate Finance Group

Coldwell Banker Northern California Acquires Three Area Firms

Houston Market Becoming One of Nation's Most Wired

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