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Renovated Waldo Shopping Center Loses One Restaurant, Adds Another

remstaff &Globe Street | January 22, 2001

KANSAS CITY-Michael's Grill in the Waldo Shopping Center has closed, unable to continue after a sale and partial change in its name. However, the renovated shopping center has a new restaurant a few doors away.

AMLI, NY Retirement Fund Team on $20-Mil Multifamily Project in Kingwood

remstaff &Globe Street | January 22, 2001

KINGWOOD, TX-AMLI Residential has found a development mate in the New York State Common Retirement Fund. The fund is kicking in 75% of the $20 million needed to build a 300-unit multifamily project in Kingwood, a Houston suburb.

Biotech Subleases Office Space, Could be Sign of Things to Come

remstaff &Globe Street | January 22, 2001

WOBURN, MA-In what could be an indication of upcoming trends, Endogen, Inc. subleases 20,060 sf of space to Australian-based Proteome. Endogen was recently acquired by a Swedish company, which restructured the biotech firm.

Nasdaq Outperforms REIT Index Year to Date

remstaff &Globe Street | January 22, 2001

NEW YORK CITY-The Morgan Stanley REIT Index is down 0.9%, while the much pummeled Nasdaq returned a 12.1% gain year-to-date. Fourth quarter FFO is expected to be up thanks to healthy real estate fundamentals and strong internal growth.

$140 Mil Turner Tower Still On Go Despite Layoffs of 400 at CNN

remstaff &Globe Street | January 22, 2001

ATLANTA-The planned 700,000-sf Downtown office high-rise still doesn't have a ground-breaking date but Turner Broadcasting says construction plans are unchanged even as 400 employees or 9% of the current work force are dismissed.

Wyndham Unit Proposes $17-Mil Hotel in Exchange for $28,000 Tax Break

remstaff &Globe Street | January 22, 2001

MIAMI-The 180-room project is among three hotel developments seeking tax exemptions in Miami-Dade County through a Florida program designed to encourage job growth and investment in blighted sections of the state.

Land Buy Clears Way for Spec Project

remstaff &Globe Street | January 22, 2001

IRWINDALE, CA-McMahon Development Group pays $4.2 million for 15-acre parcel in Irwindale, where the firm plans to build 290,000 sf of industrial space.

Struggling Hotel, Communications Companies to Merge

remstaff &Globe Street | January 22, 2001

MORAGA, CA-The locally-based and lightly traded hotel holding firm Host Funding Inc. will merge this April with Baltimore-based Carnegie International Corp., a hotel communications company that's suing its former accounting firm for $2.1 billion.

Clatsop Makes Play for Countywide Enterprise Zone to Attract New Business

remstaff &Globe Street | January 22, 2001

ASTORIA, OR-The state Legislature must approve any such action, but State Sen. Joan Dukes, D-Svensen, has reportedly agreed to introduce legislation to create the zone. A draft of the bill is expected to be on commissioners' desks later this month.

Carnegie International and Host Funding Plan Merger

remstaff &Globe Street | January 22, 2001

BALTIMORE, MD-A merger between Carnegie International Corporation and Host Funding Inc. is scheduled to close April 16, 2001. The announcement comes 14 days after AMEX notified Host of intent to initiate de-listing procedures with the SEC.

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Renovated Waldo Shopping Center Loses One Restaurant, Adds Another

AMLI, NY Retirement Fund Team on $20-Mil Multifamily Project in Kingwood

Biotech Subleases Office Space, Could be Sign of Things to Come

Nasdaq Outperforms REIT Index Year to Date

$140 Mil Turner Tower Still On Go Despite Layoffs of 400 at CNN

Wyndham Unit Proposes $17-Mil Hotel in Exchange for $28,000 Tax Break

Land Buy Clears Way for Spec Project

Struggling Hotel, Communications Companies to Merge

Clatsop Makes Play for Countywide Enterprise Zone to Attract New Business

Carnegie International and Host Funding Plan Merger

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