General News

By Associated PressNEW HAMPTON, Iowa (AP) - Sara Lee has put its plant here up for sale at a price of $25 million, but that could drop as low as $15 million if there's no sale by the time the...

September 1, 1999From counting marble to rebuilding an empireToronto Star, September 1TORONTO – Philip Reichmann, whose father built First Canadian Place—one of the country's largest office buildings—and then lost it during an economic landslide in the early 1990s, is now...

September 1, 1999 BOSTON – Boston Properties Inc. (NYSE:BXP) paid $117.6 million for two office buildings and two development sites at the Gateway Commercial Center in South San Francisco.The REIT is buying 601 and 651 Gateway Boulevard, which have a...

September 1, 1999 WASHINGTON, D.C. – CarrAmerica Realty Corp. (NYSE:CRE) signed a 145,000-square-foot lease expansion with Janus Capital Corp. at Riata Corporate Park in Austin, Texas.As a result of the expansion, Janus will occupy 200,000 sf at the development, which...

September 1, 1999 LOS ANGELES – Morgan Stanley Real Estate Funds' Kearny Real Estate Co. sold its Long Beach Corporate Square office complex in Long Beach, Calif., to Regency Realty Corp. (NYSE:REG).Regency, a Jacksonville, Fla., REIT that primarily owns grocery-anchored...

September 1, 1999 KANSAS CITY, Mo. – Midland Loan Services Inc. has been awarded the loan servicing responsibilities for a $618.6 million commercial real estate mortgage portfolio owned by The St. Paul Companies through its USF&G and Fidelity and Guaranty...

September 1, 1999 PHOENIX - Pinnacle West Capital Corporation (NYSE:PNW) announced that George A. Schreiber, Jr. will leave the company in the near future to return to the investment banking industry in New York.Schreiber joined the company in early 1997...

September 1, 1999 Hilton Hotels Corp. (NYSE:HLT) is said to be in talks to acquire Promus Hotel Corp. (NYSE:PRH) in a deal valued at more than $2.4 billion.According to the Wall Street Journal, which first reported the talks, such a...

September 1, 1999 Foes decry UIC plan Chicago Sun Times, September 1CHICAGO – A proposal to preserve about 20 buildings on Maxwell Street will be presented today at the University of Illinois at Chicago's board of trustees meeting. The 85-acre...

September 1, 1999 Dr. Pepper to merge with Cadbury Dallas Morning News, September 1DALLAS – Dr. Pepper Bottling Company of Texas reached an agreement to merge with a bottler controlled by Cadbury Schweppes PLC, and the combined company plans to...