May 18, 2000 HARTFORD, Conn. – Cigna Corp. (NYSE: CI) this week established TimesSquare Real Estate Investors "to meet the U.S. real estate equity investment needs of pension plan sponsors and other institutional investors," according to a statement....

May 18, 2000 New World Exchange tower breathes fresh life into city centerThe Ottawa Citizen, May 18OTTAWA – Truscan Property Corp. has begun construction on the 16-story Canada Trust Tower, at the World Exchange Plaza. The 50 million...

May 18, 2000 Industrial center's revisions tabledMiami Herald, May 18MIRAMAR, Fla. – City commissioners are questioning Trammell Crow's plans to reconfigure its Industrial Center's final two buildings into one 260,718-square-foot facility – an increase of 7,000 sf of...

May 18, 2000 1st-Qtr 001st-Qtr 99FFO $3.2 mln$3.1 mln FFO/shr (diluted) $0.36 $0.35 Net Income $0.6 mln $0.6 mln Net/shr$0.08 $0.08 Revenue$12.7 mln $12.4 mln Shares outst.7.9 mln 8.0 mln

May 18, 2000 1st-Qtr 001st-Qtr 99FFO $7.5 mln$7.1 mln FFO/shr (diluted) $0.21 $0.19 Extra Gain (Loss) $ -- $(1.3 mln) Net Income $1.9 mln $.8 mln Net/shr$0.07 $0.03 Revenue$23.9 mln $22.6 mln Shares outst.25.5 mln 25.4 mln

May 18, 2000 NEW YORK – As part of its plans for North American expansion, OnSite Access Inc., a building-centric integrated communications provider, has appointed an 18-year veteran of Canada's communications industry as president & general manager of...

May 18, 2000 1st-Qtr 001st-Qtr 99FFO $36.7 mln$23.4 mln FFO/shr (diluted) $0.61 $0.57 Net Income $21.6 mln $13.5 mln Net/shr$0.38 $0.34 Revenue$74.2 mln $44.4 mln Shares outst.60.1 mln (0.4 mln)

May 18, 2000 SC-U.S. Realty (NYSE: RTY) has purchased 11 parking properties in five cities from Equity Office Properties Trust (NYSE: EOP) through its private strategic real estate investment trust, Urban Growth Property Trust.The price tag for the...

May 18, 2000 NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE: GBE) has entered into an affiliation with Commercial Kentucky Inc. of Louisville, Ky.The new entity will be known as Grubb & Ellis|Commercial Kentucky. Commercial Kentucky was founded...

May 17, 2000 Commercial Real Estate DirectSumitomo Life Insurance Co., Mitsubishi Trust & Banking Corp. and Mitsui Fudosan Co. are planning to jointly develop a commercial real estate index that would track property returns in Japan.The firms "hope...

May 17, 2000 FALLS CHURCH, Va. – Two Washington-area entrepreneurs have launched findAspace.com, a site that will include a database of relatively small commercial spaces that are offered for lease in the Reston, Va., area.The firm, which was...

May 17, 2000 (NewsTraders.com) -- Goldman Sachs has boosted CBL & Associates (NYSE:CBL) to "market outperformer" from "market perform."In addition, Goldman hiked its 2000 and 2001 EPS numbers on CBL to $3.52 and $3.85 from $3.45 and $3.76,...

May 17, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has agreed to sell two industrial properties for $15.6 million, giving the REIT a profit of $1.8 million.The properties that are being sold are a Plymouth, Mich.,...

May 17, 2000 DALLAS – Trammell Crow Co. (NYSE:TCC) has been tapped by Amdahl Corp. to provide facilities management services, construction/project management and real estate brokerage services for its 2.8 million-square-foot worldwide portfolio of space.Amdahl is a unit...

May 17, 2000 Terremark, Miami Heat to build telecom centerMiami Herald, May 17MIAMI – Terremark Worldwide and the Miami Heat have formed a partnership to build the "Technology Center of the Americas," real estate sources say. They also...

May 17, 2000 Gentra buys four big TrizecHahn office towers for US$514 MlnTORONTO – TrizecHahn Corp. has sold four Canadian office towers to Gentra Inc. for 769.6 million Canada dollars (US$514 million). The sold towers include: Bankers Hall...

May 17, 2000BOSTON – Boston Properties Inc. (NYSE: BXP) has entered into a three-year joint venture agreement with the New York State Common Retirement Fund in which the fund has the right to participate in Boston Properties' future...

May 17, 2000 HOUSTON – HyperDynamics Corp., an information technology company, has signed a lease to occupy 15,000 square feet at the Westwood Technology Center in Houston.Terms of the lease were not disclosed.Westwood Technology Center is a 536,000-sf...

May 17, 2000 (NewsTraders.com) – Apex Mortgage Capital and affiliates (NYSE:AXM) filed with regulators this afternoon to document having reduced their equity position in Impac Commercial Holdings (AMEX:ICH) to 4.5 percent, which is comprised of 378,300 common shares.Apex,...

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $60.5 mln$51 mln FFO/shr (diluted) $0.98 $0.84 Extra Gain (Loss) $0.3 mln $ -- Net Income $42.1 mln $32.9 mln Net/shr$0.69 $0.55 Revenue$112.4 mln $112.9 mln Shares outst.61.3 mln 60.8 mln

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $19 mln$28.0 mln FFO/shr (diluted) $0.25 $0.38 Net Income $(17.4 mln) $17.1 mln Net/shr$(0.40) $0.06 Revenue$72.8 mln $78.3 mln Shares Outstanding43.4 mln 58.4 mln

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $6.3 mln$10.1 mln FFO/shr (diluted) $0.20 $0.27 Net Income $(0.08 mln) $(0.3 mln) Net/shr$(0.002) $(0.01) Revenue$31.1 mln $35.1 mln Shares Outstanding32.3 mln 37.1 mln

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $1.6 mln$1.9 mln FFO/shr (diluted) $0.20 $0.23 Net Income $2.8 mln $1.1 mln Net/shr$0.35 $0.13 Revenue$20.4 mln $17.9 mln Shares Outstanding8.0 mln 8.4 mln

May 16, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterPHILADELPHIA – The Pa. Biotech Association has honored National Association of Corporate Real Estate Executives board member Gregory R. Byrnes for a decade of promoting the...

May 16, 2000(NewsTraders.com) -- Suggesting that investors check into shares of Hilton Hotels (NYSE:HLT), Morgan Stanley Dean Witter analyst Michael Happel initiated coverage of the lodging stock with an "outperform" rating and a $12 price target today.Happel also...