October 1, 1999 Apartment Investment & Management Co. (NYSE:AIV) has filed a Form 4 with the SEC. A Form 4 is an updated "insider" filing.
October 1, 1999 SAN MATEO, Calif. – An opportunity fund run by Lend Lease Real Estate Investments Inc. has offered to buy the real estate of Franklin Select Realty Trust (AMEX:FSN) for about $131.5 million.Franklin, a REIT, owns...
October 1, 1999 CHICAGO – Great Lakes REIT (NYSE:GL) has completed a 500,000 share repurchase. The company paid about $7.75 million for the 500,000 shares, or an average of $15.50 per share.This latest repurchase follows the company's earlier...
October 1, 1999 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) said its shareholders have adopted agreements to sell a portion of the company's assets to Insignia Opportunity Partners and to BankBoston.The sale of a $21 million mezzanine loan to...
October 1, 1999 CHICAGO – Equity Office Properties Trust (NYSE:EOP) paid $85 million for Palo Alto Square, a 320,500-square-foot office complex that is owned by a partnership controlled by financier Sam Zell.Sam Zell is Equity Office's chairman. The...
October 1, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has leased 95,000 square feet of office space at its 795 Folsom Street property in San Francisco to Rent Net Inc., an internet company.The lease increases the occupany...
October 1, 1999 ATLANTA – Post Properties Inc. (NYSE:PPS) has completed leasing Post Hyde Park in Tampa, Fla. The 119-unit complex cost $10 million to construct and will generate a return of 11.5 percent.Post Properties owns about 35,467...
October 1, 1999 NEW YORK – A joint venture between Lexington Corporate Properties Trust (NYSE:LXP) and the New York Common Fund has purchased the headquarters of Vastar Resources Inc. in Houston for $34.8 million, or $102/sf.The acquisition is...
October 1, 1999 N. Fulton leads office-space startsAtlanta Journal Constitution, October 1ATLANTA – North Fulton area topped metro Atlanta in the amount of office space started – 699,527 sf in the last quarter – despite a drop in...
October 1, 1999 Kilroy Realty Corp. (NYSE:KRC) has filed a Form S-3/A with the SEC. The filing is a minimally detailed prospectus.
October 1, 1999 Equity Residential Properties Trust (NYSE:EQR) has filed a Form S-8 with the SEC.
October 1, 1999 SACRAMENTO, Calif. – The Valspar Corp. has paid $4.4 million for a 120,000-square-foot distribution facility in Sacramento's Power Ridge Business Park. The Minneapolis company, one of the five largest paint and coating manufacturers in the...
September 30, 1999Home Depot eyes site in Port OrangeDaytona Beach News-Journal, September 30PORT ORANGE, Fla. – The Home Depot is planning a 132,000-square-foot store on the city's main commercial thoroughfare, Dunlawton Ave. The company recently purchased 27 acres...
September 30, 1999 DENVER – Archstone Communities (NYSE:ASN) has acquired a total of 781 apartment units in the Chicago and Minneapolis areas for $72.4 million, establishing a beachhead in the Midwest.The company has opened an office in Oak...
September 30, 1999 NEW YORK – New York Life Insurance Co. has provided $63 million of fixed-rate mortgage financing for the HBO Building at
September 30, 1999 DENVER – Archstone Communities (NYSE:ASN) said it has sold $166.3 million of "non-core" properties during the third quarter, bringing total dispositions for the year to $364.7 million.Meanwhile, Archstone's trustees authorized the repurchase of up to...
September 30, 1999 Cadillac shares rise as it readies to open booksThe National Post, September 30 TORONTO – Yesterday, as Cadillac Fairview Corp. readied itself for a possible sale, the company's stock shot up 4.6%. Analysts speculate that...
September 30, 1999 NEW YORK -- Hazen & Sawyer PC has signed a 15-year lease for 62,730 square feet of office space at 498 Seventh Avenue. The firm will relocate from 726 Broadway before the end of the...
September 30, 1999 IRVING, Texas – American Industrial Properties REIT (NYSE:IND) has sold the Tucson Tech Center property in Arizona for $4.4 million. The sale of the 115,000-square-foot flex property, which was acquired in May 1998 as part...
September 30, 1999 Grubb & Ellis (NYSE:GBE) has filed
September 30, 1999 Walden Residential Properties Inc. (NYSE:WDN) has filed a Form SC 13D/A with the SEC regarding its merger with Olympus Real Estate Corp.
September 30, 1999 Wilshire REIT (NYSE:WREI) has filed a Form 8-K with the SEC regarding its decision to become internally managed.
September 30, 1999 BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) has acquired TRF Management Corp., a property management and brokerage firm in Bellevue, Wash.TRF manages some 4 million square feet of commercial space in the Pacific Northwest. The...
September 30, 1999 SAN FRANCISCO – TriNet Corporate Realty Trust Inc. (NYSE:TRI) has purchased a 44,600-square-foot office building in Concord, Mass., for $5.4 million and leased it back under a seven-year agreement to Sybase Inc.In addition, TriNet extended...
September 30, 1999 CHICAGO – Transwestern Commercial Services and Voit Cos. have agreed to merge their property management units creating a company with more than 90 million sf under management. The combined firm's management portfolio would be valued...
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