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Shopping Center Built Last Year Sells for $32.5 Mil

remstaff &Globe Street | January 19, 2001

PHOENIX-A shopping center in fast-growing Chandler that was built last year for $20 million has been purchased by a San Diego investor for $32.5 million.

Tight, Active Market Making Banker Selective About Clients

remstaff &Globe Street | January 19, 2001

NEWPORT BEACH, CA-Lower interest rates, softening demand for commercial and multifamily space will not affect the values of real estate much in Orange County this year, according to a local banker.

Massachusetts Contractor Buys Aging Hudson Belk Building for $2 Mil

remstaff &Globe Street | January 19, 2001

RALEIGH, NC-Modern Continental Enterprises Inc. of Cambridge, MA paid the city the Downtown property's appraised value. The buyer plans to develop three stories of offices, shops, a restaurant and possibly some residential.

Apartment Rents Rising Annually at About 3.5% in 96%-Occupied Market

remstaff &Globe Street | January 19, 2001

ATLANTA-All signs point to another good year in the local apartment market, despite a slowdown in job growth and in the general economy, according to Databank's newest analysis.

Tenant Info Provider Acquires Tenant Screener

remstaff &Globe Street | January 19, 2001

NEW YORK CITY-The acquiring company, RentPort, updates credit bureaus about the payment histories of tenants. The firm it purchased, CreditRetriever, provides access to the prospective tenant's credit history.

Property Markets Group Selling Walk-up Portfolio

remstaff &Globe Street | January 19, 2001

NEW YORK CITY-Up to 25 buildings with 477 apartments and 26 stores are being sold, with the proceeds to be reinvested in the local real estate market.

Key Relocation for City's Design, Construction and Land Use Department

remstaff &Globe Street | January 19, 2001

SEATTLE, WA-The DCLU will begin next week the two-month process of relocating its operations to Key Tower, the city's 62-story downtown office building. The move is part of Seattle's Civic Center project aimed at consolidating municipal operations.

Vignette Posts Year-End $532-Mil Loss, Effect on Downtown Project Uncertain

remstaff &Globe Street | January 19, 2001

AUSTIN-Vignette Corp.'s $539-million net loss for last year and 150-employee layoff may stall development plans in the downtown. The city still plans to make good on its $25-million incentive package if Vignette can proceed with the project, says an Austin insider.

Schwan Subsidiary Breaks Ground on 61,293-SF Warehouse Addition

remstaff &Globe Street | January 19, 2001

HOUSTON-Schwan's is undertaking a 61,293-sf expansion of its Deer park warehouse. The completed project will enable the food distributor's Minh Foods line to add 1120 jobs.

Downtown Redevelopment Plan Favors Feet

remstaff &Globe Street | January 19, 2001

SAN JOSE, CA-As part of the continuing revitalization of this city's downtown here, redevelopment agency officials are set to review a plan that would enhance pubic transportation and pedestrian access.

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Shopping Center Built Last Year Sells for $32.5 Mil

Tight, Active Market Making Banker Selective About Clients

Massachusetts Contractor Buys Aging Hudson Belk Building for $2 Mil

Apartment Rents Rising Annually at About 3.5% in 96%-Occupied Market

Tenant Info Provider Acquires Tenant Screener

Property Markets Group Selling Walk-up Portfolio

Key Relocation for City's Design, Construction and Land Use Department

Vignette Posts Year-End $532-Mil Loss, Effect on Downtown Project Uncertain

Schwan Subsidiary Breaks Ground on 61,293-SF Warehouse Addition

Downtown Redevelopment Plan Favors Feet

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