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Montreal's Short Supply of Class A Properties Is Shrinking

remstaff &Globe Street | January 31, 2001

NEW YORK CITY-Even though more than two million sf of office space will come to market over the next two years, rents are not projected to level off. That should leave many tenants finding class B space attractive.

University of Minnesota Saves $500,000 With New Facilities Management System

remstaff &Globe Street | January 31, 2001

MINNEAPOLIS-The university saved $125,000 through central planning for preventive maintenance work. The software also provides "dramatic improvements in our business processes," according to a school official.

Prudential Commercial Realty Resources Promotes 4 From Within

remstaff &Globe Street | January 31, 2001

KANSAS CITY-Greg Patterson is named senior vice president, while Tom Houts, Larry Goldman and Bruce Johnson are appointed to vice president. Patterson is a retail specialist who has been with the company for 11 years.

Marketing Firm Consolidates New Acquisitions into 17,600 SF of Space

remstaff &Globe Street | January 31, 2001

STAMFORD, CT-Valassis Communications Inc. of Livonia MI has signed a lease for 17,600 sf of space at 6 Armstrong Park here in a deal that allows the firm to consolidate two marketing companies it recently took over.

152-Unit Multifamily Community in Lawrence, KS May Be Sold in 2001

remstaff &Globe Street | January 31, 2001

CHICAGO-AMLI Residential's quest to keep its portfolio young means the 152-unit AMLI at Alvamar in Lawrence, KS could be sold this year. The REIT's average portfolio age is 6.25 years old, AMLI at Alvamar was built in 1989.

Anschutz in Hushed Buy-out Talks with Edwards Theater Chain

remstaff &Globe Street | January 31, 2001

DENVER-Billionaire Philip Anschutz is making a play that could catapult him into the largest market shareholder in the movie screen industry. GlobeSt.com has learned he is in secret talks to take over the nation's largest and oldest movie theater chain.

NAR Chief Economist: Multifamily Will Not Feel the Slowdown Pinch

remstaff &Globe Street | January 31, 2001

WASHINGTON, DC-The National Association of Realtors Commercial Real Estate Quarterly projects a slowdown in commercial real estate sales for 2001. All sectors, but multifamily housing, should feel the pinch of the slight slowdown.

Environmentalists Fight Consolidated-Tomoka's Plans for 2,700-Home Community

remstaff &Globe Street | January 31, 2001

ORMOND BEACH, FL-The forest product sales and commercial real estate development company thought it would have clear sailing on a planned 2,700-home community after selling 11,000 acres for environmental preservation next to the development site. It was wrong.

$1.3-Bil Purchase Makes CBL Properties 3rd-Largest Mall REIT

remstaff &Globe Street | January 31, 2001

CHICAGO-The REIT closes on a package of 23 malls from The Richard E. Jacobs Group. Three of the malls in the 19.2-million-sf package are in Madison, WI and two are in Cincinnati. CBL enters Ohio for the first time.

Pan Pacific Declares Increase in Regular Quarterly Dividend

remstaff &Globe Street | January 31, 2001

VISTA, CA-Pacific Retail Properties Inc. reports that its board of directors has increased its regular quarterly dividend by 8.3% to $0.46 per share, payable on Mar. 15, 2001, to stockholders of record as of Feb. 16, 2001.

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