Industry expert predicts 'tepid' economic recovery 

May 8, 2002, Jessica Miller, Associate Editor

SALT LAKE CITY — Although the economy is performing well relative to other recessions, expect recovery to be initially tepid, advises Dr. Raymond Torto,...

Corporate real estate execs celebrate launch of CoreNet Global 

May 7, 2002, Jessica Miller, Associate Editor

SALT LAKE CITY — The inaugural summit of CoreNet Global began with a bang — literally. A surprise spray of fireworks and rainbow confetti showered hundreds...

Westfield finalizes $756 million acquisition of nine centers 

Apr 29, 2002, From staff and wire reports

Los Angeles-based Westfield America has completed the acquisition of nine regional shopping centers from Cleveland-based The Richard E. Jacobs Group....

Offshore investor buys Cingular Wireless campus in Atlanta 

Apr 29, 2002, From staff and wire reports

Offshore investor Imperatum Georgia LLC has purchased the Cingular Wireless campus in Alpharetta, Ga., for $67.5 million. The facility, owned by Atlanta-based...

Heritage Property Investment Trust pulls off successful IPO 

Apr 26, 2002, From staff and wire reports

In a sign of the strong market for grocery-anchored retail properties, Boston-based Heritage Property Investment Trust pulled off a successful IPO this...

Whole Foods plans landmark store, HQ in Austin 

Apr 24, 2002, From staff and wire reports

Organic foods supermarket retailer Whole Foods Market has announced plans for a new 80,000 sq. ft. store and 200,000 sq. ft. office tower in downtown...

Deutsche Bank finalizes RREEF acquisition 

Apr 24, 2002, From staff and wire reports

Frankfurt, Germany-based Deutsche Bank has closed its $440 million acquisition of RREEF, a real estate investment manager with $16.2 billion in assets...

Madison Warehouse inks deal for Illinois distribution center 

Apr 24, 2002, From staff and wire reports

St. Louis-based Madison Warehouse Corp., a third-party logistics company, has signed a lease to occupy a 266,680 sq. ft. distribution center in the Rock...

Simon to expand cash cow The Forum Shops 

Apr 24, 2002, From staff and wire reports

Simon Property Group plans to expand The Forum Shops at Caesars Palace by extending it to the Las Vegas Strip and adding an array of upscale retailers...

Announcing SCOFIELD™ Texturetop™for Resurfacing Concrete 

Apr 24, 2002

Announcing SCOFIELD™ Texturetop™ for Resurfacing Concrete SCOFIELD Texturetop Stencil Grade and Stamp Grade: Designed for texturing hard surfaces indoors and out....

Announcing SCOFIELD™ Texturetop™for Resurfacing Concrete 

Apr 24, 2002

Announcing SCOFIELD™ Texturetop™ for Resurfacing Concrete SCOFIELD Texturetop Stencil Grade and Stamp Grade: Designed for texturing hard surfaces indoors and out....

Equity Office CEO resigns 

Apr 19, 2002, From staff and wire reports

Equity Office Properties Trust President and CEO Timothy Callahan has resigned his position for "personal reasons," the company said today. The board...

PREA survey: Multifamily will offer highest returns for 2002 

Apr 17, 2002, By Matt Valley, Editor

A survey of approximately 120 real estate professionals by The Pension Real Estate Association (PREA) reveals that 35% of respondents believe the multifamily...

Morgan Group breaks ground on Southern California luxury units 

Apr 17, 2002, From staff and wire reports

A joint venture between Houston-based The Morgan Group Inc., Hartford, Conn.-based Cornerstone Real Estate Advisers Inc. and Pittsburgh-based Mellon Bank...

Rainbow Foods makes Dallas debut 

Apr 17, 2002, From staff and wire reports

Lewisville, Texas-based Fleming Cos. Inc. has signed an agreement to acquire seven Super1Foods stores in the Dallas area from Tyler, Texas-based Brookshire...

Cendant to buy Trendwest Resorts 

Apr 10, 2002, From staff and wire reports

Cendant Corp., the world’s largest hotel franchiser, has reached an agreement to purchase Redmond, Wash.-based timeshare resort developer Trendwest Resorts...

Camden begins construction of upscale Houston apartments 

Apr 10, 2002, From staff and wire reports

Houston-based Camden Property Trust has begun construction on Camden Oak Crest, a $24 million, 364-unit upscale apartment community in Houston. The first...

Bentley Forbes snags California industrial property for $30M 

Apr 10, 2002, From staff and wire reports

Los Angeles-based Bentley Forbes has purchased a 412,580 sq. ft. industrial facility in Temecula, Calif., for $30 million from Los Angeles-based Kearny...

Georgia-Pacific renews lease for suburban Chicago facility 

Apr 10, 2002, From staff and wire reports

Atlanta-based Georgia-Pacific Corp. has signed a lease renewal for a 574,000 sq. ft. regional distribution center in Bolingbrook, Ill. Newport Beach,...

Denver to use public financing to build convention center hotel 

Apr 10, 2002, From staff and wire reports

The City of Denver plans to use public financing to construct a convention center hotel now that it has cancelled plans for a 1,100-room Hyatt hotel....

ChainLinks/DJM to help Kmart dispose of 283 leases 

Apr 9, 2002, From staff and wire reports

Troy, Mich.-based Kmart Corp. has hired DJM Asset Management LLC and its marketing partner, ChainLinks Retail Advisors, to help dispose of leases for...

Big Lots reports strong sales, raises earnings guidance 

Apr 9, 2002, From staff and wire reports

Riding the discount retail wave, Big Lots, Inc. (NYSE: BLI) says its sales in March shot up nearly 30% compared to the previous year. The Columbus-based...

Passco Real Estate buys southern California retail center for $35.5 million 

Apr 9, 2002, From staff and wire reports

Orange County, Calif.-based Passco Real Estate Enterprises Inc. has purchased the Lancaster Commerce Center in Lancaster, Calif., for $35.3 million from...

Baron Properties snatches up Denver apartment complex 

Apr 3, 2002, From staff and wire reports

Baron Properties has purchased Red Hawk Ranch Apartments, a 384-unit apartment complex in suburban Denver, for $40.3 million. Carmel Cos., the developer...

Williams to step down as Post Properties’ CEO 

Apr 3, 2002, From staff and wire reports

John Williams, the founder of Post Properties, an Atlanta-based REIT and upscale apartment developer, will resign his title as CEO of the company, effective...

Study to survey land use on Manhattan waterfront 

Apr 3, 2002, From staff and wire reports

A coalition of city agencies has teamed up to prioritize possible uses for New York’s waterfront. The Alliance for Downtown New York, Community Board...

ANNUAL NMHC RANKING OF TOP APARTMENT FIRMS SHOWS CONSOLIDATION CONTINUES DESPITE DOWNTURN 

Apr 2, 2002

WASHINGTON, DC -- Despite the challenging economic times, the apartment industry continued its trend toward greater concentration, according to the 13th annual NMHC 50, the National Multi Housing Council’s (NMHC) annual ranking of the nation’s largest apartment companies. Published in conjunction with PRIMEDIA’s National Real Estate Investor magazine, the NMHC 50 has become the definitive source of information on trends in apartment ownership and management....

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