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Terremark Selling Telecommunications-Hotel Business to Its Senior Management Group

remstaff | January 16, 2001

MIAMI-The locally based developer of Internet infrastructure and provider of managed services signs a binding contract with the company's senior management to divest an operating unit for an undisclosed price.

Flagstaff Apartments Sells for $45,000 Per Unit to Utah Investor

remstaff &Globe Street | January 16, 2001

FLAGSTAFF-An apartment complex in this northern Arizona city has been purchased for $5.45 million.

AvalonBay In Uptown Ground On 100-unit Luxury Apartment Building

remstaff &Globe Street | January 16, 2001

SEATTLE, WA-With the construction of a $19.2 million apartment property called AvalonBay Belltown, the Alexandria-based REIT is adding 100 units to its existing inventory of 2,164 units in the greater Seattle area.

Golf Centers and Ice Skating Rinks to Be Auctioned Next Month

remstaff &Globe Street | January 16, 2001

NEW YORK CITY-The US properties are spread over 21 states. The Canadian facilities, which include 10 golf centers, are being offered as a group.

Partnership Buys 52,000-SF Loews Cineplex for Banquet Halls

remstaff &Globe Street | January 16, 2001

ROLLING MEADOWS, IL-A Loews Cineplex Theater sold here for $3 million already divided for nine screens made it ideal for a partnership that plans to convert the moviehouse into a banquet facility.

Canyon Development May Return, but Not Anytime Soon

remstaff &Globe Street | January 16, 2001

FLAGSTAFF, AZ-A $330-million development planned for the southern rim of the Grand Canyon that was defeated in the November election may return in a altered form, but it won't be anytime soon, says the managing partner.

Central Florida's Industrial Sector Passes 90 Mil-SF Inventory Mark

remstaff &Globe Street | January 16, 2001

ORLANDO-A new Grubb & Ellis Co. analysis shows net absorption and new deliveries will decrease in 2001 and 2002 while average rents for research and development/flex space and warehouse/distribution will rise about 3.25% this year.

GM Cancels Plan for 1,000-Acre Rail Yard After Residents Changed Board's Mind

remstaff &Globe Street | January 16, 2001

DETROIT-DETROIT-Too much opposition by residents to the company's planned distribution center forced GM to look elsewhere, officials for the automaker say. The distribution center became an election issue in Milan Township.

ACLU Decides to Buy New Home for Justice Rather Than Rent

remstaff &Globe Street | January 16, 2001

DETROIT-The rights group is growing, and decided it made sense financially to buy a building on Hancock near Woodward rather here rather than rent additional space in the Book Tower Building on Washington Boulevard.

Tenant Quality Will Be Focus of Lenders in 2001, LaSalle Bank V.P. Predicts

remstaff &Globe Street | January 16, 2001

CHICAGO-With questions of an overbuilt office market beginning to surface as well as an exodus of some dotcom failures from leased space, lenders will be looking at the viability of a building's future cash flow, says Karen Case, group senior vice president for LaSalle Bank's commercial real estate department.

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Terremark Selling Telecommunications-Hotel Business to Its Senior Management Group

Flagstaff Apartments Sells for $45,000 Per Unit to Utah Investor

AvalonBay In Uptown Ground On 100-unit Luxury Apartment Building

Golf Centers and Ice Skating Rinks to Be Auctioned Next Month

Partnership Buys 52,000-SF Loews Cineplex for Banquet Halls

Canyon Development May Return, but Not Anytime Soon

Central Florida's Industrial Sector Passes 90 Mil-SF Inventory Mark

GM Cancels Plan for 1,000-Acre Rail Yard After Residents Changed Board's Mind

ACLU Decides to Buy New Home for Justice Rather Than Rent

Tenant Quality Will Be Focus of Lenders in 2001, LaSalle Bank V.P. Predicts

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