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Stop & Shop in Deal to Buy Control of Bradlees Store Leases

remstaff &Globe Street | January 12, 2001

QUINCY, MA-Stop & Shop Supermarket Co. buys control of Bradlees store leases, guaranteeing the bankrupt retailer at least $150 million. The supermarket chain once owned Bradlees and could be held liable for some of the leases.

Boston Properties Plans Three-Tower Office Development on Downtown Site

remstaff &Globe Street | January 12, 2001

SAN JOSE-The Boston-based REIT paid $25 million for the 3.7-acre Cristina Hall site here and plans to erect three 16- to 17-story office towers totaling 840,000 sf that will be called Plaza@Almaden.

Central Florida's Hotel Occupancy Level Improving But No World-Beater, Expert Says

remstaff &Globe Street | January 12, 2001

ORLANDO-David F. Scott Jr., the University of Central Florida's economics guru, tells GlobeSt.com that growing additions to metro Orlando's current 100,000-room inventory will keep occupancy rates below the record 81.3%.

Baker Joins McCarthy O'Callaghan

remstaff &Globe Street | January 12, 2001

WHITE PLAINS-McCarthy O'Callaghan Company Inc. has added Lori R. Baker as a licensed salesperson. The firm is headquartered here, but Baker will be serving in the Stamford, CT regional office.

CNL Enters Hotel Development Market With Twin Ground-reakings

remstaff &Globe Street | January 12, 2001

ORLANDO-The locally based division of CNL Financial Group Inc. is constructing a 350-suite Residence Inn just south of Sea World here, and a 174-room Courtyard by Marriott in Weston, FL, 20 miles north of Downtown Miami. Both properties are scheduled to open in first quarter 2002.

MortgageRamp Shakes Hands With VerticalNet Solutions

remstaff &Globe Street | January 12, 2001

SAN FRANCISCO-It's hoped that the local company's analytical tools, research, industry news and educational resources will enable MortgageRamp to reduce the time between loan origination, closing and securitization without sacrificing diligence or discipline.

Grossman Cos. Buys Executive Park

remstaff &Globe Street | January 12, 2001

BRAINTREE, MA-An investment group led by Quincy-based Grossman Cos. has purchased Braintree Executive park here. Grossman built the two buildings in the late 1980s.

United Dominion Unloads Five Complexes, Including 124-Unit Memorial Bend

remstaff &Globe Street | January 12, 2001

HOUSTON-In an ongoing strategy to unload aging properties, United Dominion Realty Trust has sold five apartment complexes. The only one to go in Houston is the 124-unit Memorial Bend in the southwest submarket.

Robb & Stucky Starts $5 Mil, 180,000-SF Furniture Distribution Center

remstaff &Globe Street | January 12, 2001

LINCOLNTON, NC-The Fort Myers, FL-based retailer's warehouse in Lincoln County Industrial Park on U.S. 321 will serve as the company's main facility for receiving, storing and shipping furniture to company stores and warehouses in Arizona, Florida and Texas. The site is 40 miles northwest of Downtown Charlotte.

Steptoe & Johnson Acquires 1330 Connecticut Ave. for $73 Mil

remstaff &Globe Street | January 12, 2001

WASHINGTON, DC-Steptoe & Johnson's acquisition of 1330 Connecticut Ave. is now complete. Affiliates of the firm purchased the 10-story, 260,000-sf, class A office building from Heightman Capital Management for $73 million.

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Stop & Shop in Deal to Buy Control of Bradlees Store Leases

Boston Properties Plans Three-Tower Office Development on Downtown Site

Central Florida's Hotel Occupancy Level Improving But No World-Beater, Expert Says

Baker Joins McCarthy O'Callaghan

CNL Enters Hotel Development Market With Twin Ground-reakings

MortgageRamp Shakes Hands With VerticalNet Solutions

Grossman Cos. Buys Executive Park

United Dominion Unloads Five Complexes, Including 124-Unit Memorial Bend

Robb & Stucky Starts $5 Mil, 180,000-SF Furniture Distribution Center

Steptoe & Johnson Acquires 1330 Connecticut Ave. for $73 Mil

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