April 20, 2000 DENVER – Archstone Communities (NYSE:ASN) has paid $58.5 million for Studio Colony, a 450-unit apartment complex in West Los Angeles. The purchase is part of Archstone's plan to purchase apartment properties in urban "in-fill," or...

April 20, 2000 FORT WORTH, Texas – Dennis Alberts, president and chief executive of Pacific Retail Trust, has been named president and chief operating officer of Crescent Real Estate Equities Co. (NYSE:CEI)As president and COO, Alberts will work...

April 20, 2000 Downtown office space at a premium, study shows TORONTO – Toronto had the lowest vacancy rate in 13 years, down to 7.7 percent for the first quarter of 2000, according to a new study from...

April 20, 2000 PHILADELPHIA – Pennsylvania Real Estate Investment Trust (NYSE:PEI) sold a 294,000-square-foot industrial property in Alexandria, Va., for $8 million. But the REIT received an additional $4 million when it terminated a lease on the property.The...

April 20, 2000 City still shaping deal with downtown on Blue Cross officesThe Florida Times-Union, April 20JACKSONVILLE, Fla – The city continues to talk with Blue Cross and Blue Shield of Florida about its $36 million downtown offices...

April 19, 2000 Associated PressDUBUQUE, Iowa – City officials say they'll look for a different partner to build a hotel and convention facility on Dubuque's riverfront, since they can't reach an agreement with Diamond Jo Casino's new owner....

April 19, 2000NEW YORK – Philips International Realty Corp. (NYSE:PHR) and its operating partnership, Philips International Realty LP, are implementing a liquidation plan, which is expected to generate cash proceeds of about $18.50 per share of common stock...

April 19, 2000 Charles E. Smith Residential Realty, Inc. (NYSE: SRW), an Arlington, Va.-based urban multifamily REIT, started construction of a new 480-unit high-rise apartment building today in downtown Chicago and confirmed its acquisition of a nearby 185-unit...

April 19, 2000 Loan secured for upscale hotel The Sun-Sentinel, April 19FORT LAUDERDALE, Fla. – Developer R. Donahue Peebles has secured a $54.5 million loan to finance construction of a long-delayed 500-room convention center hotel. Peebles has lined...

April 19, 2000 WEST CONSHOHOCKEN, Pa. – Stephanie Krewson has joined Keystone Property Trust (AMEX:KTR) as vice president and treasurer.In her new position, Krewson will be responsible for capital planning, lender relations, and financial analysis and will report...

April 19, 2000 TORONTO – Cisco Systems Canada Co. has signed a lease for 60,000 square feet in the Bay Wellington Tower at the BCE Place office complex in the downtown financial district here.The company plans to relocate...

April 19, 2000 (NewsTraders.com) – Two heavyweights from Koger Equity (NYSE:KE), including chief executive Thomas Crocker, combined to purchase 175,027 shares of the REIT in March, according to Form 4 documents released April 14 by the SEC.Crocker snapped...

April 18, 2000 (NewsTraders.com) -- Billionaire investor Warren Buffett filed with the SEC Monday after market close to report holding a 5.1% stake in PMC Capital Inc. (Amex:PMC), a Dallas-based closed-end management investment company.In a Schedule 13G, Buffett...

April 18, 2000 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE: RA) has agreed to pay $33.7 million for a tract of land on Long Island that was formerly part of the Pilgrim State Psychiatric Facility.The state of...

April 18, 2000 Atlanta Journal-Constitution lists area dealsThe Atlanta Journal-Constitution, April 18ATLANTA – LNR Property Group and Insignia Commercial Investment Group's Centennial Tower, formerly a government office building, is now 81 percent leased. The two firms have redeveloped...

April 18, 2000 NEW YORK – Aegis Realty Inc. (Amex:AER) has promoted Alan P. Hirmes, a senior vice president and member of the firm's board, to the post of interim chief financial officer, effective May 15.Hirmes is replacing...

April 18, 2000 NEW YORK – Fitch IBCA has placed the triple-B-plus rating on HRPT Properties Trust's senior unsecured debt and shelf registration on RatingAlert Negative. The action affects about $1.3 billion of debt.The alert is a result...

April 18, 2000 PALM BEACH, Fla. – Frederic M. Shaw has left his position as chief operating officer of Innkeepers USA Trust (NYSE: KPA), effective today.Jeffrey H. Fisher, the hotel REIT's chief executive officer, will assume the functions...

April 18, 2000 JERSEY CITY, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has closed on the sale of the International Financial Tower here to German investors for $152.5 million, or about $245 per square foot.The buyers consist of a...

April 18, 2000 BOSTON – Cabot Industrial Trust (NYSE: CTR) has formed a joint venture program, funded mostly by Chase Capital Partners, which will invest in industrial and workspace properties.The investors have committed approximately $44 million in equity...

April 18, 2000 DALLAS – Capital Senior Living Corp. (NYSE: CSU), an operators and developer of senior living communities, has reduced its merger consideration to the shareholders of ILM Senior Living, Inc. and ILM II Senior Living, Inc....

April 18, 2000 The Malachite Group, of Mineola, N.Y., has acquired the Jefferson City Shopping Center in Port Arthur, Texas, from Jefferson City Inc., of Houston, Texas, for $4.9 million, or about $20 a square foot.The 244,258-sf shopping...

April 17, 2000 NASHVILLE, Tenn. – An investor group led by Fortress Investment Group LLC, Blackstone Group and Bank of America has declined to exercise its right to match terms of a restructuring offer that Prison Realty Trust...

April 17, 2000 BOSTON – John P. Fowler, one of the founders of a Holliday Fenoglio Fowler predecessor, is taking the helm of the firm's Boston office.Fowler, who had been running the mortgage firm's northeastern operations and managing...

April 17, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) has been unsuccesful in getting its lenders to extend the term of its revolving line of credit.JDN said that if it is unable to negotiate an extension and because...