May 19, 2000 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has acquired a 105-unit apartment community in Oxnard, Calif., and closed on a $14.6 million participating acquisition loan for a 526-unit complex in Fremont, Calif.Essex paid...

May 18, 2000 1st-Qtr 001st-Qtr 99FFO $1.1 mln$0.9 mln FFO/shr (diluted) $0.38 $0.33 Net Income $1.1 mln $0.9 mln Net/shr$0.29 $0.20 Revenue$2.6 mln $2.2 mln Shares outst.3.0 mln 2.9 mln

May 18, 2000 LOUISVILLE, Ky. – Real estate investment trust Ventas Inc. (NYSE: VTR) said today that it has filed its proof of claim of approximately $4 billion in the Vencor Inc. (OTC: VCRI) Chapter 11 bankruptcy proceeding....

May 18, 2000 HONG KONG (AP) – The central government here signed a contract with Pacific Century CyberWorks Ltd. this week for the construction of a high-technology industrial park. The construction cost for the "Cyberport," a large-scale development...

May 18, 2000(NewsTraders.com) – Goldman Sachs has downgraded real estate investment trust Westfield America (NYSE:WEA) to "market perform" from "market outperformer" due to price considerations.Further information wasn't readily available.

May 18, 2000 (NewsTraders.com) – Vornado Realty Trust (NYSE:VNO) was called a "buy" in initial brokerage coverage launched this week by Lehman Brothers analyst David Shulman, who has a $42 price target for the stock."As the largest owner...

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,...