October 7, 1999 Carramerica Realty Corp (NYSE:CRE) has filed a Form S-8 with the SEC.
October 7, 1999 HONOLULU (AP) – Development group Ko Olina Co. and Cornerstone Real Estate Advisers have agreed to buy the Ihilani Resort & Spa from a subsidiary of Japan Airlines Inc. Ko Olina Co. and Cornerstone Real...
October 7, 1999 BEVERLY HILLS, Calif. – A joint venture between Meadowbrook Golf Group Inc. and Apollo Real Estate Investment Fund IV has completed the purchase of KSL Fairways Golf Corp., which was renamed Fairways Golf Corp.Terms of...
October 7, 1999 SEATTLE – Redbricks.com LLC is launching a website that would allow prospective borrowers to query a variety of lenders for mortgage financing. The website, www.redbricks.com, will be formally launched in early November.Initially, more than 20...
October 7, 1999 NEW YORK – Banco Santander Central Hispano has named Cushman & Wakefield as exclusive leasing agent to sublet 280,000 square feet of office space in Manhattan.Santander has 198,000 sf at 1251 Avenue of the Americas,...
October 7, 1999 KANSAS CITY, Mo. – Midland Loan Services Inc., a unit of PNC Bank Corp. (NYSE:PNC) has expanded its menu of loan products with the addition of FHA multi-family and nursing home construction and permanent loans....
October 7, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) paid $35 million, or $78,500/unit, for Avondale at Warner Center, a 446-unit apartment complex in the Woodland Hills area of the West San Fernando Valley.The property...
October 7, 1999 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has postponed plans to spin off its HQ Global Workplaces affiliate because of weak market conditions.CarrAmerica planned to spin-off the company, an office outsourcing firm, through an initial public...
October 7, 1999Following are excerpts from Cushman & Wakefield's third-quarter Manhattan office report.NEW YORK – After several cool quarters, the Manhattan office market posted strong results in the third quarter and is now poised to end the decade...
October 7, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) paid $42.5 million for an office building in Columbia, S.C., that is net leased for 10 years to Blue Cross/Blue Shield of South Carolina, a double-A rated...
October 7, 1999 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE: PAG) sold a 302,000-square-foot industrial facility in Ontario, Calif., for $11.2 million.The property was sold to BIT Holdings Forty-Three Inc.The REIT, which focuses on small- to...
October 7, 1999By Thomas J. Walsh, VertiNews.com Senior WriterSEATTLE – Matrix Development Group of Cranbury, N.J., will be named Developer of the Year tomorrow night by the National Association of Industrial and Office Parks, or NAIOP.NAIOP has been...
October 7, 1999 Walden Residential Properties Inc. (NYSE:WDN) has filed a Form 8-K with the SEC regarding its proposed merger with a venture led by Olympus Real Estate.
October 7, 1999 Starwood Hotels & Resorts (NYSE:HOT) has filed a Form POS AM with the SEC. The filing is an amendment to an S-4 that Starwood had filed earlier. The amendment relates to the substitution of Vistana...
October 6, 1999 DALLAS – Prentiss Properties Trust (NYSE:PP) has sold what it considered non-essential properties in Kansas City and Phoenix, as well as a business park north of San Diego, for about $77 million.The REIT has another...
October 6, 1999 CLEVELAND – Standard & Poor's has revised Associated Estates Realty Corporation's (NYSE:AEC) outlook from "stable" to "negative."The revision is a result of S&P's concerns about the REIT's reliance on property sales to meet a $75...
October 6, 1999Business center projects planned for Westside, SouthsideFlorida Times-Union, October 6JACKSONVILLE, Fla. – Jacksonville is getting two more business centers. The $2 million Ricker Road Business Center on the Westside will be an eight-building, 58,000 square-foot mixed-use...
October 6, 1999 DALLAS – Robert J. Stetson is resigning as president and chief executive of U. S. Restaurant Properties (NYSE:USV) as part of an executive-level overhaul at the company. The REIT said the overhaul reflects its maturation...
October 6, 1999 Home Properties of New York Inc. (NYSE:HME) has filed a Form 8-K with the SEC.
October 6, 1999 Sports Hall of Fame stirs up little private interestOttawa Citizen, October 6OTTAWA – Regional government will review proposals from the Canadian Gateway Corp., an Ottawa-based consortium that developed the $75-million Daly site, and Bosgoed Project...
October 6, 1999 DALLAS – U.S. Restaurant Properties Inc. (NYSE:USV) has raised $55 million by selling preferred stock to a private investor.A unit of the REIT issued perpetual preferred stock with an annual coupon of 8.5 percent fixed...
October 6, 1999 Berkshire Realty (NYSE:BRI) has filed Form 8-K with the SEC.
October 6, 1999 RICHMOND, Va. – United Dominion Realty Trust Inc. (NYSE:UDR) sold eight apartment complexes with 1,277 units for $31.5 million.The properties, in Tucson, Ariz., San Antonio and El Paso, Texas, were sold in two deals. The...
October 6, 1999OXNARD, Calif. – LTC Properties Inc. (NYSE:LTC) has restructured its relationship with Sun Healthcare Group Inc. by buying out the interests in six health-care facilities that were leased to Sun.The restructuring will result in a 4...
October 6, 1999 SACRAMENTO, Calif. – Mark Albertson, managing director of AEW Capital Management, has joined the California Public Employees' Retirement System as portfolio manager.In addition, Calpers named Lou Jug portfolio manager. Jug was previously principal investment officer...
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