September 6, 2000 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has sold the four-story Kenyon Center office building, in Bellevue, Wash., to an undisclosed buyer for $20.5 million, or $228/sf.The sale of the 89,899-square-foot, structure resulted in...

September 6, 2000PLYMOUTH MEETING, Pa. – Oskar Huber Inc. has signed a 10-year, 51,000-square-foot lease with Kramont Realty Trust (NYSE: KRT) at the Valley Fair Shopping Center, in Devon, Pa.The home furnishing company's lease is valued at about...

September 6, 2000WEST CONSHOHOCKEN, Pa. – GATX Logistics Inc. has signed a long-term lease agreement, with Keystone Property Trust (Amex:KTR) for a distribution facility in Hamilton Township, NJ.GATX will occupy the building in January 2001. The company, which...

September 6, 2000 A Dutch purchasing company has agreed to buy the long-term lease rights to the Sherlock Holmes Hotel on Baker Street in London for about $14.5 million.Under terms of the 125-year deal, the Dutch firm, controlled...

September 6, 2000 Prison Realty Trust (NYSE:PZN) has filed a Form 424B3 prospectus with the SEC addressing the shareholders of Corrections Corp. of America in connection with their consideration of a merger.The filing is a supplement to CCA's...

September 6, 2000 Weston's demands thwart Codina-Cleveland Clinic deal Daily Business Review, September 6WESTON, Fla. – Codina Group of Coral Gables offer to buy 60 acres of vacant land from the Cleveland Clinic for $17 million has been...

September 6, 2000 HOUSTON – The Board of Trust Managers of Weingarten Realty Investors (NYSE: WRI) has promoted Andrew "Drew" M. Alexander to the position of chief executive officer, effective Jan. 1, 2001. In addition to serving as...

September 6, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) has begun construction on The Towers at Shores Center, a two building, 340,000-square-foot office development located in Redwood Shores on the San Francisco Peninsula. The development,...

September 5, 2000 US Airways seeks to sublease space in Winston The Business Journal of the Greater Triad Area, September 5 WINSTON-SALEM, N.C. – US Airways is seeking to sub-lease its space in two office buildings, which totals...

September 5, 2000 Alan Lefkowitz has joined Kushner Cos. of Florham Park, N.J., as chief financial officer.Most recently, Lefkowitz was with Credit Suisse First Boston where he was helping the firm dispose of assets that were accumulated by...

September 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorMelvin Mark Properties, one of Oregon's top commercial real estate development and service firms, has renewed and expanded two major leases totaling 115,000 square feet at 111...

September 5, 2000 Washington REIT (NYSE:WRE) has filed to sell up to $125 million of medium-term notes through an underwriting syndicate led by Merrill Lynch. According to a prospectus filed with the SEC, other members of the underwriting...

September 5, 2000ATLANTA – Windsor Realty Fund I LP has completed the sale of Windsor at River Heights apartment complex in Atlanta to Group One Investments for $53.7 million, or $85,000/unit.The sale is part of an effort by...

September 5, 2000 NEW YORK – CDC Mortgage Capital has hired four professionals, further bolstering its commercial mortgage origination and securitization unit.The firm, a unit of Caisse des D?p?ts et Consignations, has hired David Walker, who will once...

September 5, 2000 Eichler Fayne & Associates has provided $9.5 million of Fannie Mae financing for Hunters West Apartments, a 426-unit apartment complex in Westland, Mich., a suburb of Detroit.The financing carries a fixed rate of 7.85 percent...

September 5, 2000 MEMPHIS, Tenn. – Mid-America Apartment Communities Inc. (NYSE:MAA) has again fixed the rate on some of its floating-rate debt.Mid-America swapped $25 million of its Fannie Mae floating rate debt that is currently priced at 67...

September 5, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) will eliminate 46 positions by closing its Portland, Ore., Seattle and Sacramento, Calif., offices and substantially reducing the size of its San Francisco and San Diego offices...

September 5, 2000 DALLAS – Prentiss Properties Trust (NYSE:PP) has paid $63.3 million for the Lake Merritt Tower office building and an adjoining development site in Oakland, Calif.The properties were purchased from a fund managed by CB Richard...

September 5, 2000 NEW YORK – Cushman & Wakefield Inc. has acquired Japan Property Advisors K.K. of Tokyo, giving it an entr?e into the Japanese real estate brokerage market.Japan Property specializes in helping multinationals buy, sell, lease and...

September 1, 2000 East Cobb complex sold for $53.7 million Atlanta Journal-Constitution, September 1ATLANTA – An affiliate of Chicago-based Group One Investments has acquired the Windsor at River Heights apartments in east Cobb County for $53.7 million. The...

September 1, 2000 SANTA CLARA, Calif. – The Simon Property Group has been awarded $26.2 million in damages from a jury, which ruled that mySimon inc. infringed on the company's trademark. The jury's verdict, which was rendered in...

September 1, 2000 Commercial Real Estate Direct Staff ReportThe Port Authority of New York and New Jersey last night received as many as six proposals from firms interested in taking over management of the massive World Trade Center...

September 1, 2000 As expected, shareholders of Bradley Real Estate Inc. (NYSE:BTR) have approved the REIT's merger with Heritage Property Investment Trust.Under the $1.2 billion deal , Heritage will pay $22/share for each of Bradley's 21.1 million shares...

September 1, 2000 CB Richard Ellis has formed a strategic alliance with an Internet and data services provider to deliver Internet services to tenants in more than 2,000 commercial office buildings that the real estate firm manages nationwide.The...

September 1, 2000 TORONTO – H&R Real Estate Investment Trust (TSE:HR_u.YO) has completed the purchase of Royop Properties Corp. (TSE:RYP.TO).Under terms of the deal, which valued Royop's common shares at 39.8 million Canada dollars (US$27 million), each Royop...