December 30, 1999 VertiNews.com's Commercial Real Estate News will not be publishing tomorrow, in observance of the New Year's holiday. See you again on Monday, Jan. 3, 2000.

December 30, 1999 Metcalfe proposal would cost $350 MlnThe Ottawa Citizen, December 30 OTTAWA – A National Capital Commission plan to reconfigure Metcalfe Street and create a ceremonial boulevard leading to the national capital buildings would cost about...

December 30, 1999 Aetna considers moving operations to JacksonvilleFlorida Times-Union, December 30JACKSONVILLE, Fla. – Aetna Inc. is reviewing options whether to remain in its current locations or consolidate at another site in Jacksonville. An Aetna spokesperson wouldn't confirm...

December 30, 1999 Captec Net Lease Realty Inc. (NASDAQ:CRRR) has filed Form 8-K with the SEC, detailing the merger among Captec Net Lease Realty, Captec Acquisition Inc., Captec Financial Group and Captec Net Lease Realty Advisors Inc.

December 30, 1999 CLEVELAND – Meridian Point Realty Trust '83 (OTC:MPTBS) has agreed to acquire Liberty Self-Stor Ltd., a company controlled by Meridian's chairman and chief executive. Liberty, which is based in Mentor, Ohio, owns 15 self-storage facilities...

December 30, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said it has entered into a confidentiality and standstill aggreement with Wellsford Real Properties Inc. (AMEX:WRP).The agreements allow First Union and Wellsford to explore the the possibility...

December 30, 1999 Simon Property Group Inc. (NYSE:SPG) has filed Form S-3 with the SEC. The filing will permit Teachers Insurance to sell on the secondary market 1 million shares of Simon's Series E cumulative redeemable preferred shares,...

December 29, 1999 Prison Realty Trust Inc. has filed a Form 8-K (Current Report) with the SEC.

December 29, 1999 Adam's Mark to expansion beachsideDaytona Beach News-Journal, December 29DAYTONA BEACH, Fla. – Adam's Mark Hotel Chain chief Fred Kummer renewed a commitment to a $45 million expansion of the beachside hotel after talks at the...

December 29, 1999 NCC has radical plans for downtown OttawaThe Ottawa Citizen, December 29OTTAWA – The National Capital Commission is considering a massive redevelopment of downtown to make way for a ceremonial boulevard, one that could require that...

December 29, 1999 RFR Holdings is paying $45.7 million for a 52.5 percent interest in 1328 Broadway in Midtown Manhattan, according to the Wall Street Journal.The investment firm is planning to ultimately turn the bottom three floors of...

December 29, 1999 Alliance Holdings LLC of Chicago paid about $95 million for a portfolio of 19 Houston-area garden apartment complexes that were owned by Tower Management Service, according to the Wall Street Journal.Tower, which is headquartered in...

December 29, 1999 JER Partners, an affiliate of J.E. Robert Cos. of McLean, Va., and Endeavor Real Estate Group of Austin, Texas, have paid more than $60 million for IBM Corp.'s manufacturing facility in North Austin, according to...

December 29, 1999 Boston Properties Inc. (NYSE:BXP) has filed a 424(b)(3) prospectus supplement with the SEC. The original prospectus, which was filed in August, relates to the issuance of 17 million common shares, which would be used as...

December 29, 1999 Miller Global Properties has purchased Alamo Plaza, a 118,000-square-foot office building in Denver for $28 million, or $150/sf, according to the Denver Rocky Mountain News.The building was purchased from Legacy Partners, which had paid $19.5...

December 29, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) sold a 157,500-square-foot retail property in Anchorage, Alaska, for $18.5 million.The property is net-leased to Eagle Hardware & Garden Inc. through October 2017. The annual net rent...

December 29, 1999 by Andrea Bryan, Director, Real Estate Finance Group, Standard & Poor's Ratings ServicesThe 1999 CMBS market recovered from the uncertainty that was sparked by the capital market disruption in the summer of 1998. However, several...

December 29, 1999 (NewsTraders.com) -- Apex Mortgage Capital Inc. (NYSE:AXM), rebuffed in its earlier attempt to acquire Impac Commercial Holdings Inc. (AMEX:ICHICH), continues to believe that its unsolicited bid offers "demonstrably superior immediate value" to a competing deal,...

December 29, 1999 Keystone Property Trust has filed a Form 424B3 (Prospectus Filed Pursuant toRule 424) with the SEC.

December 28, 1999 AmSouth interested in anchoring new building downtownFlorida Times-Union, December 28JACKSONVILLE, Fla. –AmSouth Bank has a letter of intent to talk with developer Highwoods Properties Inc. about anchoring a downtown structure. The developer has been considering...

December 28, 1999 Developers Joseph Moinian and Larry Gluck have agreed to pay $120 million, or $100/sf, for 500 and 512 Seventh Avenue in Manhattan, according to the New York Post.The two buildings are being purchased from a...

December 28, 1999 AUSTIN, Texas – Stratus Properties Inc. (NASDAQ:STRS) has raised $30 million of debt from Comerica Bank-Texas.Stratus, a developer and real estate manager, received a $20 million term loan and a $10 million revolving line of...

December 28, 1999 CALABASAS, Calif. – Bay View Capital Corp. (NYSE:BVC) has hired Countrywide Securities Corp. (NYSE:CCR) to market selected portfolios of franchise loans that it originates.Although details of the potential offerings could not be learned, Countrywide is...

December 27, 1999 Gentra goes ahead with stock buybackThe National Post, December 27 TORONTO – After unsuccessfully bidding to acquire the properties of Royal Bank of Canada and Canadian Imperial Bank of Commerce, Gentra Inc. plans to buy...

December 27, 1999 Price is right on 75 acres: no chargeSouth Florida Business Journal, December 27PALM BEACH GARDENS, Fla. – Catulfumo Construction and Development Co. wants to give away 75 prime acres at PGA Boulevard and I-95 in...